(Sharecast News) - Motorpoint revealed on Tuesday that chief executive Mark Carpenter had disposed of 50,000 ordinary shares in the London-listed automotive retailer.
Carpenter, who took over as CEO in April 2016, sold the shares on Friday at an average price of 121.0p each, for a total value of 60,500.
Following the transaction, Carpenter holds a beneficial interest in 8.53m ordinary Motorpoint shares, representing approximately 9.85% of the company's issued share capital.
As of 1630 GMT, Motorpoint shares were up 0.39% at 127.50p.
Reporting by Iain Gilbert at Sharecast.com
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Top Director Sells
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Director name: Carpenter,Mark
Amount sold: 50,000 @ 121.00p
Value: 60,500.00
Hardide (HDD)
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Amount sold: 166,666 @ 5.90p
Value: 9,833.29
