Rightmove heads sell shares equaling almost £1.4M

One of the most popular property portals in the UK, Rightmove, have seen shares sold by bosses

Rightmove bosses have exercised their share options and enjoyed a pay day.

Chief Executive Officer Peter Brooks-Johnson exercised options due to expire in March, and sold 254,510 shares at an average price of 542p. The shares were sold for a total £1,379,444.

Rightmove makes money from listing estate agents on its website and offering additional advertising products to those agents. The ads are visible to users who search for the area chosen by the estate agent. Individuals selling property privately (i.e. directly without an agent) are prohibited from advertising on the site. Each month, Rightmove release a House Price Index, illustrating any changes in the asking prices of houses throughout England and Wales.

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