New Model Adviser - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Aberdeen boss Martin Gilbert sells £4m stake

1 Comment
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.


Leave a comment!

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