Sale of Lindsell Train Limited shares

RNS Number : 7120T

Lindsell Train Investment Trust PLC

31 March 2016

 

Lindsell Train Investment Trust plc

Sale of Shares in Lindsell Train Limited

The Board announces that it has agreed to sell 3 of its shares in Lindsell Train Limited ("LTL") for cash to Mr James Bullock, an executive employee of LTL.  The shares will sold at LTL's prevailing price, last calculated at 29^th February 2016, of £43,151.40 each.

An option to buy a further 1 share is also being granted to Mr Bullock, with an exercise price also at £43,151.40. This option will be exercisable between three and ten years after its issue. Following the sale and the granting of the option, the Company's holding, if the option is exercised, will fall from 24.42% of LTL to 24.27%.

Michael Lindsell and Nick Train are also each offering Mr Bullock options on 2 shares with the same terms.

These transactions are part of a strategy of incentivising the executives of LTL to help the future success of the business.

Additional Information

Biography - Mr James Bullock, Portfolio Manager

James is Portfolio Manager for global equity accounts having joined Lindsell Train in October 2010. He has a Master's degree in Physics from the University of Oxford and a doctorate in Biomechanics from the University of Cambridge. He passed the Investment Management Certificate in 2012 and was promoted to Portfolio Manager in April 2015.

Phoenix Administration Services Limited 
31 March 2016

Enquiries:

Michael Lindsell - 020 7808 1210

Corporate Secretary - 01245 398950

 

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