Borrowed from Advfn15 Feb 2021 20:22
The below post is from Nxc on advfn. Well worth a read inmv
Being a plc Director there are a limited number of opportunities when one is not in a close period - i suspect the guys have been in a close period for some considerable period of time and a short window of opportunity became available and there was initial demand from institutions/quasi-institutions to take most of the shares being sold - whether they are there for the long-term is open to debate. Each Director has their own motivation for selling and it is beneficial they were co-ordinated. I think it is also telling that Colin did not sell at this stage - he is a canny lad and i will take my lead from him. I suspect that the Board will go into a close period for a lengthy period of time as they close out contracts, give trading updates, receipt of CFDA approvals, other regulatory approvals etc etc. We have a way still to travel.