Legal & General

[Guest anders]

I've had a nice ride up on LGEN since July last year. But, I note the CEO of Legal & General Capital sold 300,286 shares yesterday at £2.49. Alright for some, £747,712.14!

 

I'd like to know if 300,000 shares is a significant portion of his holding. However, I can't seem to find is how many shares he owns in total. Is this information available or is that only public for directors?

 

Thanks.

[Caseynotes]

Hi   That is an unusually large lump, and by the man who is responsible for investing L&G's capital. Oh

 

 http://www.hl.co.uk/shares/shares-search-results/l/legal-and-general-group-plc-ord-2.5p-shares/director-deals

 

[Guest anders]

, it certainly made up me sit up and and go "oh". He is the only non-tax related seller according to HL. I just see "n/a" under the director's remaining shares column, is that the same for you?

 

I can only find the EDs' and NEDs' shareholdings in the annual report. If for example Paul Stanworth had as many shares as the group CEO Nigel Wilson (3,949,227 shares), then selling 300,000 isn't as big a deal as it might first seem.

[Caseynotes]

Hi    Yeah, total holdings after sale was not in the press release and was noticed and mentioned by the press. Also is listed as n/a in the directors deals on all the sites I checked. Same as you I couldn't find anything on L&G's site. 

Interesting chart too, after filling that big gap down (April 27) price has dropped back to the low and starts the new week at about where he sold (249).