Sold stake equated to 12.9% of company
Moneysupermarket founder Simon Nixon has netted gross proceeds of £129.5m by selling 70 million shares in the price comparison firm.
The sold shareholding equates to 12.9% of the company’s total share capital.
Moneysupermarket announced yesterday that Nixon was planning to sell 55 million shares, equating to 10% of the company’s share capital.
But the founder ended up selling a bigger stake because of “strong investor demand”, the company said in a stock exchange announcement this morning.
Following the sale, Nixon still holds 89.8 million shares in Moneysupermarket, equating to 16.6% of the total.