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DIRECTOR DEALINGS: Belvoir Lettings Chairman Sells 1.25 Million Shares

Mon, 09th Feb 2015 16:04

LONDON (Alliance News) - Belvoir Lettings PLC said Chairman Mike Goddard sold 1.25 million shares at a price of 115 pence per share to a number new and existing institutional investors to help satisfy institutional demand Monday.

Following this transaction, Goddard remains beneficially interested in 7.7 million shares, which represents 32.17% of shares in issue.

Commenting on the sale in a statement Goddard said, "I am delighted that we have further expanded Belvoir's shareholder base and improved liquidity. I will continue to hold 32.17% of Belvoir. I am delighted by its performance and remain fully committed to its further development. As such I have undertaken not to sell any further shares for a period of 12 months."

Shares in the real estate services company were down 6.9% at 115.00p Monday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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