Chair of DMGT mulls stock bid

Michael Bow
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VISCOUNT Rothermere is understood to be inching towards a bid for the 10.8 per cent of Daily Mail General Trust’s (DMGT) voting shares he does not already own.

Rothermere, the DMGT chairman, could make the bid through his trust, Rothermere Continuation Limited (RCL).

The move, first reported by Sky News, would see RCL buy out 10.8 per cent of the total voting shares not under his stewardship. RCL currently owns 89.2 per cent. DMGT declined to comment.