Luard sells Flextech shares
Wednesday 02 July 1997
Mr Luard sold 698,435 shares to Tele-Communications International (TCI), Flextech's controlling shareholder, at 622.5p each. At the same time, Mark Luiz, group financial director, sold 50,000 shares to TCI.
Mr Luard signalled his intention to sell shares and options in the company in March, after tying up two joint ventures with the BBC to supply channels to pay-television.
The shares dropped from 770p to around 620p after the BBC announcement, and it is thought Mr Luard had been holding on for a higher price before selling. However, the 622.5p a share he eventually secured is some way off Flextech's year-high price of 802.5p.
Bosses of collapsed banks should be sent to jail, George Osborne told
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
Brazil kicks off: World Cup excess draws hundreds of thousands to street protests
World news in pictures
Google challenges US surveillance gagging order
- 1 Diary of Second World War German teenager reveals young lives untroubled by Nazi Holocaust in wartime Berlin
- 3 Uri Geller psychic spy? The spoon-bender's secret life as a Mossad and CIA agent revealed
- 4 Viral video straps colt .45 handgun to a home-use drone
- 5 Vice pulls 'breathtakingly tasteless' fashion shoot glorifying the suicides of famous female authors from Sylvia Plath to Virginia Woolf
iJobs Money & Business
£65000 - £85000 Per Annum: The Green Recruitment Company: The Green Recruitmen...
£400 per day: Orgtel: A top tier banking client urgently requires a Senior Bus...
£250 - £350 per day: Orgtel: Financial Crime Analyst,Midlands, Banking, AML/Sa...
£20,000 - £45,000 OTE: Co-Venture: Working for this company will give you a ch...