Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Aberdeen's Gilbert sells £8.6 million stake in firm

Aberdeen's Gilbert sells £8.6 million stake in firm

Aberdeen chief executive Martin Gilbert (pictured) has sold 1.78 million shares in the firm, worth £8.6 million.

The shares were sold in two tranches, the first in the name of Greenwood Nominees Limited at 484p per share and the second in the name of BDS Nominees Ltd at 483.9p.

The ordinary shares were awarded as part of the annual bonuses Gilbert received under the company's annual bonus scheme for 2007, 2008 and 2009.

Following these transactions, he continues to hold 3.8 million shares, equating to 0.3% of the free float.

This month, he was awarded a further 0.16% or 797,636 ordinary shares, exercisable in four equal tranches over the following four years, as part of the 2013 annual bonus programme. This award was calculated at a price of 487.5p per share.

Directors Andrew Laing, Rod MacRae, Bill Rattray, held 0.12%, 0.02% and 0.03% of the company respectively. Anne Richards and Hugh Young, diretors, hold a further 0.07% and 0.16%.

They all received an additional stake in the company as part of the annual bonus awards,

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter