Sainsbury's CEO Sells Shares
Why we think this is neutral
The RNS announcement is a routine disclosure of a director share sale, which does not provide any significant new information about the company's performance or outlook. As such, the news is neutral and does not warrant a strong sentiment score.
Key Points
- CEO Simon Roberts sold 578,500 shares at £2.8383 per share
- Sale was to cover a personal residential property purchase
- CEO continues to hold an interest in 2,248,359 shares
Summary
The retailer's CEO has sold a portion of his shareholding in the company.
J Sainsbury plc has announced that its Chief Executive Officer, Simon Roberts, has sold 578,500 ordinary shares in the company at a price of £2.8383 per share. The sale was made to cover a personal residential property purchase. Following the sale, Simon Roberts continues to hold an interest in 2,248,359 shares.
DIRECTOR DEALINGS