Three shares in Lindsell Train Limited (LTL) have changed hands in an extremely rare sale of the stock, raising £293,000.
‘These transactions are part of a strategy of incentivising the executives of LTL to help the future success of the business,’ the company told the stock market in an announcement.
Bullock joined LTL in 2010 and a portfolio manager working across global equity accounts. He has a master's degree in physics from the University of Oxford and a doctorate in biomechanics from the University of Cambridge.
A large portion of LTL is held by the group’s flagship Lindsell Train Investment Trust, which owns a 24.31% stake in the unlisted company. This exposure is a key reason why the trust so frequently trades at a significant premium to its net asset value.
It is currently trading on a premium of 27.4%, down from a record high of 75.9% in September 2016.