There are many reasons why a director may want to sell shares. Franchised lettings and property sales business The Property Franchise Group (LON: TPFG) finance director David Raggett is retiring from the company. He is handing over the reins to Ben Dodd on 1 October, although he will continue to provide support the board after stepping down.
David Raggett sold 212,400 shares at 425p each. That leaves him with 448,277 shares. The reduction in exposure to the company and the spread of investment money makes sense when someone is retiring.
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The Property Franchise Group has grown...
