Lisa Morgan trades £3m personal stock; Share price falls 14 per cent off the back of news
GAME’s two most senior management members, Lisa Morgan and David Thomas, have sold over £5 million of stock between them.
The news has influenced the retailer’s share price to fall by 14 per cent today, down to 192.75p.
A GAME spokesperson told MCV: "Lisa and David could not trade shares last year due to regulations that they had to adhere to during the Gamestation takeover.
"This is simply a bit of personal housekeeping. Both parties still maintain a significant holding in the business."
The retailer added that the £5.4 million shares sale is said to be related to options and incentive plan shares.
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Hemscott reports that the pair sold their shares at an average price of 224.63 pence each.
Game Group said Morgan sold 1.38 million shares – worth about £3.1 million. These comprised of shares acquired after the exercise of options and those granted under a long-term incentive plan.
Morgan now holds 202,000 shares, deferred shares to the value of £174,000 and 1.67 million options.
The retailer confirmed that Thomas sold 1.04 million shares, which also comprised shares acquired after the exercise of options and those granted under a long-term incentive plan.
Thomas now holds 66,000 shares, deferred shares to the value of £154,986 and 808, 126 options.
Comments
Walmart effect
Has got anything to do with fact that likes of Asda is giving Game a bloody noise. Look at prices, Asda on every new release is cheaper then Game.
In fact Asda is cheaper then play & amazon, online and instore.
Buy online from now on!
She is just cashing in her millions without having to pay tax. Those millions she earned by underpaying the kidsthat work for her to who enforce there immoral policies and high prices.
she has done it that way to get the most for herself and to screw over the rest of the GAME shareholders who have all just lost %14 of there investments.
the whole GAME group is a corporate monster dedicated to keeping this girl rich with no regard for the industry, us gamers, or the other share holders at game. she probably needs the cash to pay off the people who let her buy gamestation ..
Re: Buy online from now on!
this is a scheme offered to every employee at game, you just need to be sensible with money like lisa morgan clearly is, get over your selves and stop bla*****veryone else who's succesful, if you dont like it do something about it.
Re: Buy online from now on!
surly she should of done it in small amount and not all at once to lessen the detrimantal effect on her fellow share holders?
And isnt posting this here "doing something about it "
Brain then gob ...
Re: Buy online from now on!
Well no surprise there. Maybe she knows something we emplyees don't.
Yes it may well be offered to all Game employees, but most can't afford to put in much in to get 3 million back out.
She has got that much due to the staff on the shop floor slogging there guts out to be treat like dirt.
Re: Buy online from now on!
Canis Canem Edit , enough said!
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