
Peter Lewis sheds 850,000 shares in thriving retailer
The non-executive chairman of specialist UK retailer GAME has sold 850,000 ordinary shares in the firm – making himself a total of £2.28 million.
Lewis sold the stock at an average price of 269.23 pence per share. He continues to hold 66,666 ordinary shares in the company.
Lewis’ decision comes three months after GAME CEO Lisa Morgan and deputy CEO David Thomas sold over £5 million-worth of shares between them.
The GAME Group reported record profits of £75.5 million on Tuesday.
Advertisement
Comments
That's nice for you
£75.5 million profit..........and my bonus was a joke.
Glad you are all getting rich, how about passing it on to the staff that slave all week with little praise and constant pressure and stress
Big profit?!
So Game have made £75 million.
So what?!
They have over 800 stores! Broken down thats less than £90k per store.
Game have just announced record profits, yet its still only £90k per shop. No wonder the Chairmen has sold his shares, what chance have Game of ever paying of their debts.
Re: Big profit?!
True ^^
I don't blame him. Might as well make a quick buck whilst he can, i mean sell some shares whilst the companies riding the crest of a wave (Post xmas, Gamestation acquisition, PS3 slowly starting to actually sell, GTA4 sales etc.), before the gaming sector gets hit by the economic slow-down that is already crawling its way across the rest of the sector. Smart cookie. To coin a really annoying American phrase "Don't hate the player, hate the game." LOL.
Re: Big profit?!
They will go bust. If it wasnt for Nintendo they would allready be dead. Thats why there all selling up.
Re: Big profit?!
Um somehow i don't think GAME are going to go bust, Nintendo don't just distribute to GAME they distribute to all the retailers and besides if there was no Nintendo ther'd probs be sum ovr console out. He just wants to sell his shares becoz well he wants money like all of us :) lol
Re: Big profit?!
I sympathise with 1, it never filters down to the staff on the ground but thats probably why their profits keep rising :(
Re: Big profit?!
Maybe the staff and managers should be paid in line with the rest of retail? I left them a few months ago, money was a joke.
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
scop jenny shillings hexal submissions pmkeynote poorer
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 28
Modern Warfare 2 already pirated? 26
Activision praises retail and promises fair play on MW2 16
First MW2 pre-orders arrive 16
Tesco sells Xbox 360 games for £3.97 10
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
Google MD joins GAME 1
GAME sales dip in H1 2009 1
Who needs Gamestation? 2
GAME dismisses monopoly talk 2
GAME acquires Gamestation in £74 million deal 3
GAME profits treble in bumper financials 2
G2 Games gets £22.5 million windfall 1
GAME cancels PS3 midnight opening on police advice 2
GAME secures Selfridges agreement
GameStop international store count passes 1,000 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets














