Director takes a cut as Gamma shares surge

A post-referendum dip left shares in telecom specialist Gamma Communications (GAMA) relatively cheap. But it didn't take long for the market to realise its mistake. Since July, the share price has risen dramatically, and now stands at an all-time high of 515p. It's hardly surprising, therefore, that non-executive director Andrew Stone - who bought into the company at the December 2014 IPO - has decided to let go of another 300,000 shares, cashing in £1.45m. Considering the shares were floated at 187p, he has made a decent profit.

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