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Micro Focus slumps as chairman dumps shares

Mon, 15th Jul 2019 09:55

(Sharecast News) - Micro Focus slumped on Monday as it emerged that chairman Kevin Loosemore sold 650,000 shares in the business last week, pocketing £11.6m.
Loosemore sold 214,658 shares in the software company last Wednesday at 1,861p peach. The day after, he sold a further 435,342 shares at 1,736p each.

At 0955 BST, the stock was down 5% at 1,676.20p.
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Micro Focus completes disposal of digital safe business to Smarsh

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UPDATE 5-Hewlett-Packard wins fraud case against UK tech tycoon Mike Lynch

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LONDON MARKET MIDDAY: Stocks rise ahead of Powell's Senate hearing

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