15 Jun 2017 15:21
Sale of Shares by Pension Scheme
Charles Stanley Group PLC
("the Company")
Charles Stanley Group PLC ("the Company") announces that on Wednesday 14 June 2017, the Charles Stanley & Co Limited Retirement Benefits Scheme (the "Scheme") sold its entire holding of 275,000 shares in the Company at a price of 360p. The sale was effected by the Scheme Trustees as part of wider de-risking changes to the Scheme's investment portfolio designed to achieve self-sufficiency over the long term and to remove that self-investment.
For further information, please contact:
Charles Stanley Christopher Aldous Via Redleaf Communication | Canaccord Genuity Andrew Buchanan 020 7523 4661 | Peel Hunt Guy Wiehahn 020 7418 8893 | Redleaf Communications Charlie Geller 020 7382 4730 CScapitalmarkets@redleafpr.com |
Notes to editors:
Charles Stanley traces its origins back directly to 1792 and is one of the oldest firms on the London Stock Exchange. Charles Stanley today provides holistic wealth management services to private clients, charities and smaller institutions. These are delivered by over 400 professionals located in 24 offices throughout the UK, both direct to clients and to intermediaries. Our services include investment portfolio management and financial planning, supported by in-house administration to enhance the quality of service provided. In addition, Charles Stanley Direct provides an award winning direct to customer execution-only dealing platform for equities and funds.