HL's Dampier and Gardhouse cashed in shares weeks before Woodford crisis

£6.1m share sale

Mark Dampier, his wife Annette and CIO Lee Gardhouse sold a total of £6.1m of HL shares last month, prior to the shares going into freefall following the suspension of Woodford Investment Management's flagship fund.

Co-founder of HL Stephen Lansdown also sold more than £170m in HL shares on 22 May; he no longer works for the company but still holds a 9.3% stake worth £839m having previously held a 10.89% stake.  Invesco's Barnett looks to distance himself from Woodford crisis - reports Last Monday (3 June), Woodford Investment Management announced it was suspending trading on the Equity Income fund for at least 28 days due to a surge in redemptions. HL dropped its platform fee on the Equity Income fund and removed the fund from its Wealth 50 two days later. However, HL's shares suffered as ...