Home
Investment
News & Views
Company News
news storage
Misys chief exec sells for tax purposes
Wed, 08 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Misys chief exec sells for tax purposes
Mon, 23 Aug 2010, 16:29:00
<b>Misys</b> chief executive Mike Lawrie has raised £427,132 from a share disposal in order to cover a tax bill. The tax is due on contingent share awards that matured on 13 August. Lawrie sold 153,069 shares at 268.52p each. He still owns just over 1.33m shares in the software company. Last Friday, Misys announced that it had completed the placing of 27m shares in Allscripts as well as selling 24.4m shares back to the US-quoted software company. The placing shares were sold for $17.05 each (the minimum offer price was $16.50 a share) and Allscripts bought the other shares back for $23.62 a share. Misys raised just over $1bn from these sales. Misys plans to return this cash to shareholders through a tender offer. <b>Top Director Buys</b> Polo Resources (POL) Director name: Mr Guy Elliott Amount purchased: 2,549,995 @ 3.50p Value: £89,250 QinetiQ Group (QQ.) Director name: Mr Leo Quinn Amount purchased: 50,000 @ 106.80p Value: £53,400 <b>Top Director Sells</b> Misys (MSY) Director name: Mr Mike Lawrie Amount sold: 159,069 @ 268.52p Value: £427,132
©2004-2009 QCK.com
