The sale of shares by the founder of AIM-quoted TPXimpact (LON: TPX) is not necessarily a bad thing. Non-executive director Neal Gandhi sold 1.2 million shares at 42p each. He still owns 4.85 million shares (5.26%).
Neal Gandhi stepped down as chief executive of the digitisation services provider in October 2022. The cash will be reinvested in his renewable energy businesses.
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His mind is no longer focused on TPXimpact and the stake could be seen as an overhang. The fact these shares were sold without any great impact on the share price is positive.
Business
TPXimpact has three div...
