BusinessCompany NewsFD ditches entire stake in online gaming firm

FD ditches entire stake in online gaming firm

News of sale sends share price down

Martin Weigold, finance director of online gambling firm PartyGaming, has
sold all his shares in the company along with the company secretary David Abdoo.

Weigold cashed in with £3.1m by selling all his 2.7 million shares at 116.40p
each, chairman Michael Jackson – also chairman of Sage – made £305,048 by
selling 262,069 shares, and company secretary, Abdoo, raised £1.98m by selling
all of his 1.7 million shares.

Not surprisingly, the news, when it was made public to the market, sent the
company’s share price downwards and it was last trading at 112p.

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