Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Cenkos founder nets £2.3m from share sale

Cenkos founder nets £2.3m from share sale

Cenkos Securities founder Andy Stewart has sold a significant stake in the broker.

Stewart, who founded Cenkos in 2005, sold three million shares, or half his investment in the business, on 29 January worth around £2.3 million based on yesterday's closing price of 77.5p.

The move reduces Stewart's total interest in the firm to 4.71%.

Stewart retired from the Cenkos board in the summer of 2010 to pursue other interests, which included charity work, spending timing with his family and pursuing his love for horseracing.  

By midday shares in Cenkos had lost 1.75p, or 2.3% to stand at 75.75p as the market absorbed the news.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter