Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a657934

Aberdeen boss Martin Gilbert sells £4m stake

by Dylan Lobo on Feb 11, 2013 at 09:41

Aberdeen boss Martin Gilbert sells £4m stake

Aberdeen Asset Management chief executive Martin Gilbert has sold a £4 million stake in the firm.

According to filing on the London Stock Exchange on 8 February, Gilbert (pictured) sold one million shares at a price of 403.5p each.

The transaction reduces Gilbert's holding to around 7.8 million shares.

The improvement in sentiment in the second half of last year has seen share prices in the asset management sector soar and Aberdeen has been one of the most popular plays.

Shares closed at 403.7p on Friday, leaving them well above a year-low of 237.3p and just shy of a high of 422p, which they hit on 28 January.

Gilbert has gradually been reducing his exposure to Aberdeen recently as part of a mission to diversify his portfolio.

Last September he netted £1.53 million from the sale of 500,000 shares, which he reinvested into farmland.


1 comment so far. Why not have your say?

Dolores Chimichanga

Feb 11, 2013 at 13:23

His personal Growth Fund has progressed quite nicely.

Pity about all the investors that lost money in Aberdeeen's Progressive Growth Fund that invested in the Zero Dividend Preference Share debacle that Martin Gilbert and Aberdeen played a big part in.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

Look up the shares

  • Aberdeen Asset Management PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us



FOS appoints new chief executive

by Michelle Abrego on Jul 23, 2014 at 15:04

Sorry, this link is not
quite ready yet