Through filings made with the London Stock Exchange, LeapRate has learned that former London Capital Group (LON:LCG) CEO Simon Denham has sold most of his remaining stake in the company.
Earlier this week Mr. Denham sold exactly 4 million LCG shares for about £1.36 million ($2.1 million), leaving him with just under 2.4 million remaining LCG shares, or about 4.26% of LCG’s total outstanding stock.
Simon Denham served as LCG’s chief executive for more than a decade, leaving in March 2013.
LCG then went through two more CEOs in quick succession, Mark Slade and Kevin Ashby, before being taken over by Charles-Henri Sabet and his investor group earlier in the summer.
To see the LSE filing on the share sale click here.