London Capital Group’s former CEO Simon Denham sells most of his stake in the company

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.

lcgLCG 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.

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