Update: Jupiter directors offload £63m of shares in group

A group of Jupiter directors and employees, including Edward Bonham Carter and Tony Nutt, have sold off £63m worth of ordinary shares in the group, representing a 5.7% stake.

The 26,190,004 ordinary shares, which were priced at 240p each, represent 25.3% of the sellers’ holding in the firm. They were subject to a lock-in agreement at IPO in June last year, which has now expired, allowing the sellers to take profits in their holdings. Among them is Edward Bonham Carter, who offloaded 3.06% of issued share capital; Tony Nutt, who sold off 2.84%; and Philip Gibbs, who sold 1.97%. The remaining independent directors and certain other employees have elected not to offer shares for sale in the placing but have agreed to certain lock-in arrangements. Follow...