(Alliance News) - Churchill China PLC said Monday Non-Executive Director Andrew Roper sold shares worth GBP4.0 million in the ceramics maker in a transaction last Friday.
Roper - at the firm since 1973, having been chief executive between 2007 and 2014 - sold 259,000 shares in Churchill at 1,560 pence each. Shares in Churchill were 0.8% lower at 1,582.99 pence in London on Monday.
Roper announced in May that he planned to retire in August 2020. "This transaction was to satisfy long term personal financial planning considerations in advance of his retirement," Churchill explained in a statement.
Following the sale, Roper held 378,430 shares in Churchill. This is equivalent to a 3.4% stake in the AIM-listed firm.
By Ahren Lester; ahrenlester@alliancenews.com
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Churchill China (CHH)