The chairman of the UK's largest property website, Rightmove (RMV), has sold a large chunk of his shareholding. With the company's share price near an all-time high, Scott Forbes nearly halved his stake after selling 300,000 shares for gross proceeds of £7m. It has been widely reported in the British media that Mr Forbes is in the market for a new home in the prime London neighbourhood of South Kensington.
This is the second time in recent months that Mr Forbes has sold the shares: in November, he sold 138,729 bonus shares for £3.1m. Rightmove chief executive Nick McKittrick also offloaded £6.1m-worth of shares in October.
Rightmove is facing increasing competition from its closest rival Zoopla, which is planning to float on the stock market later this month. Several large estate agents are also pressing ahead with plans to launch their own rival website, Agents' Mutual, next year.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Caledonia Investments | SJ Bridges | 28 May 14 | 5,000 | 2,174 | 108,700 | 5,000 | 0.009 |
Coburg * | Konrad Legg | 23 May 14 | 80,000 | 65 | 52,000 | 169,300 | 23.255 |
Coburg * | Chris Ells (ch) | 23 May 14 | 85,000 | 65 | 55,250 | 86,600 | 11.896 |
Everyman Media | Adam Kaye | 22 May 14 | 207,409 | 89 | 184,594 | 3,037,750 | 8.371 |
Everyman Media | Paul Wise (ch) | 28 May 14 | 50,000 | 92 | 46,000 | 2,577,168 | 7.101 |
Experian † | Deirdre Mahlan | 27 May 14 | 2,500 | 1,016 | 25,412 | 15,000 | 0.002 |
Experian † | Deirdre Mahlan | 27 May 14 | 2,500 | 1,018 | 25,441 | 12,500 | 0.001 |
Kingspan | Michael Cawley | 22 May 14 | 20,000 | 1,256 | 251,200 | 20,000 | 0.012 |
Legendary Investments * | Zafar Karim (ch) | 23 May 14 | 22,727,273 | 0.11 | 25,000 | 55,727,273 | 2.264 |
Picton Property Income | Roger Lewis | 26 May 14 | 51,605 | 59 | 30,447 | 451,605 | 0.103 |
Picton Property Income | Trevor Ash | 26 May 14 | 65,599 | 59 | 38,703 | 290,599 | 0.066 |
Polymetal International | Marina Gronberg | 23 May 14 | 11,000 | 511.36 | 56,249 | 11,000 | 0.003 |
R E A Holdings | DJ Blackett | 23 May 14 | 10,000 | 470 | 47,000 | 10,000 | 0.029 |
Smiths | William Seeger | 27 May 14 | 2,500 | 1,309 | 32,721 | 2,500 | <0.001 |
Stellar Diamonds * | SJ Poulton | 27 May 14 | 1,600,000 | 1.25 | 20,000 | 5,964,456 | 0.854 |
Stellar Diamonds * | The Lord Daresbury (ch) | 27 May 14 | 1,615,428 | 1.25 | 20,193 | 9,484,807 | 1.359 |
UBM | Terry Neill | 22 May 14 | 5,000 | 653.16 | 32,658 | 25,847 | 0.011 |
UK Mail | Guy Buswell (ce) | 22 May 14 | 12,195 | 615 | 74,999 | 267,807 | 0.489 |
Urban&Civic * | Alan Dickinson | 22 May 14 | 88,889 | 225 | 200,000 | 88,889 | 0.063 |
Urban&Civic * | Robin Butler | 22 May 14 | 111,110 | 225 | 249,998 | 1,198,393 | 0.853 |
Urban&Civic * | Nigel Hugill | 22 May 14 | 111,110 | 225 | 249,998 | 1,198,393 | 0.853 |
Urban&Civic * | Robert Dyson | 22 May 14 | 111,111 | 225 | 250,000 | 173,411 | 0.123 |
Urban&Civic * | Duncan Hunter | 22 May 14 | 550,000 | 225 | 1,237,500 | 550,000 | 0.391 |
Urban&Civic * | Philip Leech (ce) | 22 May 14 | 222,222 | 225 | 500,000 | 461,169 | 0.328 |
Urban&Civic * | Robert Adair (ch) | 22 May 14 | 284,444 | 225 | 639,999 | 13,611,062 | 9.688 |
Urban&Civic * | Jon Austen (fd) | 22 May 14 | 133,334 | 225 | 300,002 | 236,752 | 0.169 |
Venn Life Sciences Holdings | David Evans (ch) | 27 May 14 | 210,000 | 20.5 | 43,050 | 289,033 | 1.025 |
Vesuvius ♥ | Christer Gardell | 27 May 14 | 13,701 | 440 | 60,284 | 57,187,541 | 21.086 |
Vesuvius ♥ | Christer Gardell | 28 May 14 | 52,239 | 442 | 230,896 | 57,239,780 | 21.105 |
Vesuvius ♥ | Christer Gardell | 23 May 14 | 58,093 | 436 | 253,285 | 57,173,840 | 21.081 |
Vesuvius ♥ | Christer Gardell | 22 May 14 | 102,000 | 433 | 441,660 | 57,115,747 | 21.059 |
Vodafone | Luc Vandevelde | 22 May 14 | 10,220 | 204.8 | 20,931 | 65,100 | <0.001 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aquarius Platinum | Jean Nel (ce) | 27 May 14 | 231,410 | 25.20 | 58,318 | 2,900,001 | 0.198 |
Ashmore ♥ | Thomas Shippey (fd) | 27 May 14 | 87,500 | 352.73 | 308,635 | 1,043,637 | 0.146 |
Barr (A G) ♥ | ABC Short (fd) | 28 May 14 | 15,000 | 626 | 93,900 | 22,711 | 0.019 |
Ferrexpo | Michael Abrahams (ch) | 23 May 14 | 44,102 | 136 | 59,979 | 135,691 | 0.023 |
Ferrexpo | Michael Abrahams (ch) | 27 May 14 | 85,691 | 138 | 118,254 | 50,000 | 0.008 |
FirstGroup | Prof David Begg | 22 May 14 | 20,000 | 134.21 | 26,842 | 13,786 | 0.001 |
FirstGroup | Prof David Begg | 22 May 14 | 20,000 | 135.03 | 27,006 | 33,786 | 0.003 |
Hansa Trust | Prof Geoffrey Wood | 27 May 14 | 5,000 | 952 | 47,600 | 1,000 | 0.013 |
Hill & Smith Holdings | CJ Snowdon | 22 May 14 | 10,000 | 556.1 | 55,610 | 28,930 | 0.037 |
Leaf Clean Energy Company | Bran Keogh | 23 May 14 | 500,000 | 49.7 | 248,500 | 0 | 0 |
Rightmove | Scott Forbes (ch) | 27 May 14 | 300,000 | 2,351 | 7,052,400 | 319,300 | 0.322 |
Royal Dutch Shell | Simon Henry (cfo) | 27 May 14 | 5,000 | 2,457 | 122,850 | 190,227 | 0.008 |
Royal Dutch Shell | Simon Henry (cfo) | 27 May 14 | 10,000 | 2,450 | 245,000 | 195,227 | 0.008 |
Standard Chartered | Dr Kurt Campbell | 23 May 14 | 2,000 | 1,340 | 26,800 | 0 | 0 |
* placing/tender/open offer ♥ spouse/connected party † depositary receipts |