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(Sharecast News) - Investec's chief executive enjoyed a £1.14m payday, it emerged on Wednesday, after selling almost a quarter-million shares on the open market.
The Anglo-South African wealth manager and financial services provider said Fani Titi sold 248,915 shares on the London Stock Exchange on Monday.
Titi sold each share for 456p, netting him a total of £1,135,052.39.
Investec shares have progressively risen since it announced an executive reshuffle on 27 July, with Barbara-Ann King set to replace Ciaran Welan as the CEO of Investec Wealth and Investment UK.
Lesley-Anne Gatter, meanwhile, was set to replace Marc Kahn as global head of people and organisation.
Investec's shares have risen from 425.9p on 26 July, to close at 462.1p after a gain of 1.99% in Wednesday trading.
Reporting by Josh White at Sharecast.com.
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Director name: Titi,Fani
Amount sold: 248,915 @ 456.00p
Value: £1,135,052.39
Natwest Group Plc Ord 100p (NWG)
Director name: Rose,Alison
Amount sold: 54,145 @ 253.50p
Value: £137,257.58
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Director name: Murray,Katie
Amount sold: 36,917 @ 253.50p
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Director name: Vacher,Clive
Amount sold: 45,124 @ 89.40p
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Director name: McMillan Bell,Andrew Ronald
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Director name: McMillan Bell,Andrew Ronald
Amount sold: 1,580,000 @ 0.48p
Value: £7,512.90
