Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a737229

Bonham Carter sells £4.4 million Jupiter stake

by Dylan Lobo on Mar 03, 2014 at 08:04

Bonham Carter sells £4.4 million Jupiter stake

Jupiter chief executive Edward Bonham Carter has sold one million shares in the firm.

The transaction on 28 February came at 436.3818p per share, giving the disposal a value of around £4.36 million. It is the first time Bonham Carter has sold shares in Jupiter since last March, when he put a £750,000 stake on the market.  

Bonham Carter, who is handing over the reins to Maarten Slendebroek on 17 March, continues to hold a little more than 12 million shares in Jupiter, accounting for a 2.62% interest, and remains a top 10 shareholder.

The news follows a strong trading update from Jupiter last week, in which it revealed pre-tax profit surged by 55% to £114.1 million and accompanied the news with a 43% hike in its dividend.

Shares in Jupiter ended last week at 436.8p, just shy of their 52-week high of 447.6p.

1 comment so far. Why not have your say?

Anthony O' Grady

Mar 03, 2014 at 21:51

Gis £500 Eddie, I just got my gas bill.

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:

Sponsored Video: Bringing it all 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

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the shares

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

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet