RE: Mac.l 15%23 Jun 2026 13:54
Yes, a NED sell with a very clear, very concise and persuasive explanation. This bit is important: "Mr. Kenning remains fully committed to the Company's strategic growth and continues in his role as a Non-executive Director".
I think anyone who held 12m shares that they acquired much lower is fully entitled to derisk a few at these levels, and if he is prepared to pay such a chunky tax bill for moving his remaining 9m, then it implies, surely, that he expects them to be worth a lot more going forward.
In fact, there's a very clear potential positive implication here: why would you sacrifice £250K and 3m shares now if you didn't believe that the eventual savings in terms of CGT or whatever will be worth it? Kenning expects this to go a lot higher IMO.