THE OUTGOING head of Marks & Spencers’ non-food business sold off almost a quarter of a million shares in the firm on Friday, regulatory filings showed yesterday.
Kate Bostock, who is leaving the firm on 1 October by mutual consent, exercised options granted in 2004 to acquire and then sell 249,627 shares, making a net profit of £87,600.
The sale follows a similar disposal in August, when Bostock used options from 2009 to sell off around the same number of shares. She still holds 64,526 shares, yesterday’s filing showed.
M&S shares have risen almost 11 per cent in the last three months, outperforming the FTSE 100 as rumours persist of bid interest from a private equity firm.