Moneysupermarket founder makes £200m from shareholding sale

money

Moneysupermarket.com founder Simon Nixon has sold 100m shares in the company, bringing him a cash windfall of £200m.

The shares represent approximately 18.5% of the issued share capital, and the sale represents Mr Nixon’s first substantial disposal since the company's IPO in July 2007.

Initially he intended to sell 80m shares, but the size of the placing was increased “due to strong market demand”.

Mr Nixon’s role changed from executive deputy chairman to non-executive deputy chairman of Moneysupermarket in April 2013, and according to the company the sale of 100m shares will allow him to diversify his personal holdings “in line with this change in role”.

In a statement to the London Stock Exchange, the company said: “Following completion of the placing, Simon Nixon will be subject to a lock-up of nine months in respect of his remaining shareholding in the company.”

Credit Suisse Securities and Citigroup Global Markets placed the shareholding on behalf of Mr Nixon.

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