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

View the article online at

Martin Gilbert sells £4m Aberdeen stake

by Dylan Lobo on Feb 11, 2013 at 08:10

Martin Gilbert sells £4m Aberdeen 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 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

  • 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


On the road

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


The Expert View: Lloyds, Schroders and Countrywide

by Michelle McGagh on Aug 01, 2014 at 05:01

Sorry, this link is not
quite ready yet