THE FOUNDER of price comparison website MoneySupermarket today announced that he plans to sell a 14.8 per cent stake in the group.
Simon Nixon, who moved to a non-executive role in April, is reported to have had a 48 per cent stake in the company before the sale.
The company also announced today that it will pay a special interim dividend of 12.92p per share and that group performance remains in line with expectations, with revenues for the year so far up over 10 per cent on the same period last year.
“The board remains committed to a progressive dividend policy in line with the investment and capital needs of the business,” said chairman Gerald Corbett.
“The placing by Simon Nixon will increase liquidity and help normalise the company's shareholding structure. Simon remains a major shareholder and will continue to play a key role on the board as the non-executive deputy chairman.”