LONDON (ShareCast) - Sir Ron Brierley, a non-executive director of Guinness Peat Group (GPG), sold five million shares in the investment holding company for a second week running.
Brierley, a well-known New Zealand investor, offloaded the shares on Wednesday at a price of A$0.47 each (30.31p), pocketing a total of A$2.35m (around £1.52m). This follows his £1.55m sale on December 12th.
The director, who joined GPG in 1990 and was running as Chairman until 2010, trimmed his stake to 2.01%, from 2.33% after the last sale.
The sales come after the stock's recent rise; over the last six months, the shares have risen 27%.
The company, listed in London, Australia and New Zealand, invests in a number of businesses, mainly in Europe and Australasia.
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