Michael Jackson, the chairman of Newcastle-based software group Sage, has
cashed in on £236,000 after selling shares he held in the company.
Jackson sold 100,000 shares at a price of 236p.
Jackson’s decision to sell is in direct contrast to Sir Julian Horn-Smith, a
non-executive director at Sage, who last month spent £225,000 on buying exactly
the same number of shares at 225p per share.
In its most recent full year results Sage unveiled a slowdown in organic
growth, to 5% from 6% previously.
This disappointed the market despite Sage easily beating expectations with
pre-tax profits up 19% on last year at £113.7m.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars