Moneysupermarket.com founder to sell 6.4 percent stake in firm

March 24, 2015 publisher finnish, franchises, francisco-based, jussi-rosendahl, million-pounds, moneysupermarket, said-on-tuesday, simon, simon-nixon

The founder of financial services price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company’s issued share capital, reducing his stake to about 10 percent. The sale of around 35 million shares in a placing could earn Simon Nixon, who founded the company in 1993, about 100 million pounds ($148.74 million), based on Moneysupermarket’s closing share price of 286 pence on Tuesday.

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Moneysupermarket.com founder to sell 6.4 percent stake in firm