Legal firm Keystone Law (KEYS) has yet to reach its one-year anniversary as a listed entity, but directors are saying demand for shares is already outstripping supply. At least, that was the reasoning given for two high-profile – not to mention high-value – stock sales from chief executive James Knight and the Root Capital Fund II Limited Partnership. Simon Philips, a non-executive director at Keystone, is the managing partner of Root Capital. Mr Knight netted himself £2.5m, while Root Capital earned £5m from the sale of 1.8m shares.
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