IN BRIEF: Cairn’s chief executive sells €7.7 million in shares
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Cairn Homes PLC - Dublin-based housebuilder - Chief Executive Officer Michael Stanley sells 3.5 million shares at €2.20 each on Friday for €7.7 million through a secondary placing settling on Tuesday. Stanley will hold approximately 1.8% of Cairn shares following the transaction.
Current stock price: 187.40 pence, down 3.8% on Friday in London
12-month change: up 7.1% in London
By Martin Miraglia, Alliance News reporter
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
