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Liontrust tumbles 9% after boss Ions sells £1m stake

Liontrust tumbles 9% after boss Ions sells £1m stake

Shares in Liontrust have stumbled after it emerged chief executive John Ions had sold a £1 million stake.

According to a filing on the London Stock Exchange, Ions (pictured) sold 500,000 shares in the investment boutique at 230p each, netting £1.15 million.

Chair Adrian Collins also trimmed his exposure to the firm, selling a £230,000 interest. The fall leaves the firm trading at a 52-week low and 27% below a year-high of 285p.

In a trading update released at the start of last month Liontrust said it had attracted £190 million in net inflows in the second quarter, propelling its assets under management to £3.8 billion.

Ions said in a statement accompanying the update: 'Liontrust continues to make good progress. Our strategy, combined with the talent at Liontrust to execute it, puts us in an excellent position to capitalise on the opportunities ahead.'

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