Tuesday, March 27, 2007
Tony Bramall sells £20m of Lookers' shares
TONY BRAMALL has sold 10m of his shares in Lookers Group, leaving him and his family with 33,835,710 shares - 18.8% of the company's share capital.
He said he is not intending to make any further disposals in the foreseeable future.
"We have made this disposal for portfolio management and personal reasons and in the light of institutional demand following the recent excellent results," he said.
Bramall, who sold his CD Bramall empire to Pendragon and then bought Lookers shares to help it fend-off a hostile take-over from Pendragon, sold the shares (5.5% of Lookers' share capital) at 208p each.
Bramall is a member of the board of directors at Lookers.
DATED: 27.03.07
FEED: AW
He said he is not intending to make any further disposals in the foreseeable future.
"We have made this disposal for portfolio management and personal reasons and in the light of institutional demand following the recent excellent results," he said.
Bramall, who sold his CD Bramall empire to Pendragon and then bought Lookers shares to help it fend-off a hostile take-over from Pendragon, sold the shares (5.5% of Lookers' share capital) at 208p each.
Bramall is a member of the board of directors at Lookers.
DATED: 27.03.07
FEED: AW
