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Agencies & People

Oops! Hunters statement to City mixes up senior job titles as it reveals shares buy-up

Statement to the Stock Exchange says four key exec and non-exec directors bought up shares worth £115,000 including co-founder Kevin Hollinrake and Harry Hill.

Nigel Lewis

Franchised estate agency chain Hunters had to reissue a statement to the stock market yesterday after mistakenly naming Chief Financial Officer Ed Jones (pictured above, right) as its CEO.

The company’s CEO is Glynis Frew (above, left), who was not named in the announcement to the City, which revealed that four key executives have increased their holdings in the company at a cost of £115,000, taking the value of their total stock owned to £2.7 million.

The four who have exercised their options to buy shares are CFO Ed Jones (above, left), Chairman Kevin Hollinrake (above, centre), founder and non-exec Deputy Chairman Harry Hill (second from right) and non-exec board member Dean Fielding.

The most recent purchases mean Ed Jones and Kevin Hollinrake now each own approximately 13% of the company’s issued share capital, while Harry Hill and Dean Fielding between them own less than 1.5% of the issued share capital.

Share purchase

Hollinrake purchased 33,333 shares at a cost of £10,000 while Jones bought 100,000 shares for £30,000.

All the share purchased by the senior quartet were bought at 30p each, a few pence less than its stock was trading on the London Stock Exchange yesterday.

The other major shares hold in Hunters include Nigel Wray, who made a fortune from investing in Domino’s Pizzas; John Waterhouse, who co-founded Hunters with Hollinrake; sales director Martin Robinson (pictured above, third from right) and CEO Glynis Frew.

After debuting on the London Stock Exchange in 2015 Hunters’ share price has been on a largely downward trajectory. After opening at 73p a share it peakedf at 87p but, despite several rallies, is now at 30p a share.

June 19, 2019

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