View the article online at http://citywire.co.uk/wealth-manager/article/a579766
Gilbert sells £771k Aberdeen shares to 'diversify'
by Kiran Moodley on Apr 03, 2012 at 07:34
Aberdeen Asset Management's CEO Martin Gilbert has refreshed his pension by selling a chunk of shares held in his firm.
Gilbert has sold 300,000 shares from his pension fund at 257p per share equating to £771,000. The proceeds re-invested in Aberdeen's managed funds in a bid to diversify his portfolio.
Following the disposal Gilbert's stake in the company stands at around 6.8 million shares.
Assets rose from £173.9 billion on 31 December 2011 to £184.4 billion on 29 February. Net inflows stood at £1.4 billion for the period with inflows into higher margin products adding £20 million in annual revenues.
Shares in Aberdeen closed last night on 259.1p, around 6p below their 52-week high.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this:
Look up the shares
More from us
On the road
by Himanshu Singh on Apr 21, 2014 at 08:21