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Henderson steps up Ashcourt Rowan exit with £2.5m disposal
by Sarah Miloudi on Sep 26, 2013 at 12:20
In a transaction that took place on 24 September, the investment house let go of roughly 1.3 million shares, making the sale worth some £2.5 million based on the day's closing price of £1.93.
Henderson has been gradually reducing its position in Ashcourt, which is headed up by Jonathan Polin (pictured).
Towards the start of September it executed two sales of Ashcourt shares within the space of a fortnight. Following its most recent transaction it now owns around 7% of the company's stock, having held close to 14% at the beginning of the month.
At midday shares in Ashcourt were trading at 191.5p, a loss of 1.3% or 2.5p.
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