Rightmove CEO Peter Brooks-Johnson has sold a portion of his shareholding in Rightmove ahead of his retirement next year.
A statement to the markets on Thursday confirmed that Brooks-Johnson sold 39,282 shares in Rightmove for an average price of £5.54 per share, netting over £217,000 in the process.
He retains over two million shares in the company, worth roughly £11m in total.
Brooks-Johnson will retire in 2023 with Expedia Group veteran Johan Svanström succeeding him.
Rightmove shares dipped to £4.20 at the start of the coronavirus pandemic in 2020, but have since recovered to highs of £7.95 in December 2021. Shares at the time of writing are worth £5.61.
Source: Google Finance
Learn more about Rightmove and the British portal industry as a whole in Online Marketplaces' Ultimate Visual Guide to Property Portals in the UK.
The eventual rise of the tech-enabled real estate agency has become an increasingly inevitable topic of conversation since Artificial Intelligence...
Read More
KE Holdings (also known as Beike) has stepped up its venture into the property development industry after winning an auction...
Read More
PropertyGuru Group has announced a change of CEO and the appointment of a new Board of Directors. Long-serving CEO Hari...
Read More
Welcome to the new year. Our first Product Roundup of 2025 starts with a new search filter in Spain... ...
Read More
