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 ...
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