JD Sports
The chairman of JD Sports has sold more than £13.3 million worth of shares in the company a month after his bid for Footasylum was blocked by the regulator.
The £90 million deal was stopped after the Competition and Markets Authority said it could leave shoppers with fewer deals.
According to a regulatory filing released yesterday, chairman Peter Cowgill sold just under two million shares at a little over £6.71 each. It leaves him with 6.5 million shares, or 0.67% of
the company.
Last year a fifth of shareholders voted against a £6m bonus for Mr Cowgill.
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