Rosalind Morgan, closely associated with John Morgan, has sold more shares in Morgan Sindall.
- She disposed of 11,543 ordinary shares at £38.90 each, totalling nearly £450,000.
- This is not her first transaction; she previously sold shares worth £13.3 million in 2021.
- John Morgan, CEO of Morgan Sindall, sold 200,000 shares in March 2023.
- Morgan Sindall reports a strong financial performance, with an increase in profits expected.
Rosalind Morgan, the wife of John Morgan, a key figure in Morgan Sindall, has recently undertaken a significant financial move by selling a substantial amount of shares in the company. Her disposal of 11,543 ordinary shares, each priced at £38.90, has amassed nearly £450,000 as reported in the company’s announcement to the London Stock Exchange. As someone closely tied to John Morgan, these transactions attract considerable attention in the financial community.
This transaction follows her previous large-scale divestment in April 2021, where she sold a combined total of 650,000 shares alongside her husband, generating a remarkable £13.3 million. The frequency of these transactions may indicate a strategic financial decision within the Morgan family.
Furthermore, John Morgan himself engaged in a share sale earlier this year in March 2023, disposing of 200,000 shares for an undisclosed amount. This action, coupled with Rosalind’s recent divestment, suggests a potential rebalancing of their investment portfolio.
Despite these significant transactions, Morgan Sindall as a company continues to display robust financial health. This year, John Morgan ascended to third place in an executive remuneration ranking with a package of £2.3 million, underscoring the company’s lucrative nature. The company’s recent financial results reveal a commendable growth with a record turnover of £4.12 billion and a pre-tax profit of £143.9 million, reflecting increases of 14% and 69%, respectively, over the previous year.
The company remains optimistic about exceeding profit expectations buoyed by the strong performance of its Overbury fit-out division. Such financial robustness highlights Morgan Sindall’s strategic positioning within the UK’s construction sector, maintaining its status as a top-tier contractor.
The Morgans’ share transactions coincide with Morgan Sindall’s enduring financial strength, affirming their strategic financial positioning.
