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.

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.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter