Rightmove CEO Sells More Shares Ahead of Retirement

November 27, 2022
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Rightmove CEO Peter Brooks-Johnson has sold a portion of his shareholding in Rightmove ahead of his retirement next year.

A statement to the markets on Thursday confirmed that Brooks-Johnson sold 39,282 shares in Rightmove for an average price of £5.54 per share, netting over £217,000 in the process.

He retains over two million shares in the company, worth roughly £11m in total.

 

Brooks-Johnson will retire in 2023 with Expedia Group veteran Johan Svanström succeeding him.

Rightmove shares dipped to £4.20 at the start of the coronavirus pandemic in 2020, but have since recovered to highs of £7.95 in December 2021. Shares at the time of writing are worth £5.61.

 

Rm Shares 27.11.22

Source: Google Finance

 

Learn more about Rightmove and the British portal industry as a whole in Online Marketplaces' Ultimate Visual Guide to Property Portals in the UK.

November 27, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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