Melrose chiefs in shares tax move

Thursday 12 April 2012 23:16

Top executives in the engineering turnaround group Melrose have placed some £68m worth of shares to pay their tax bills on the £126m of free stock they received under a five-year incentive plan.

The broker Investec undertook an accelerated book building to place 17 million shares and unusually the share price rose – gaining 12.8p to 418.8p. The chairman Chris Miller sold 4 million shares and the chief executive David Roper 4.2 million.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in