City broker Peel Hunt adds £7m to its value after successful debut on the Aim market
Directors at City broker Peel Hunt pocketed £26.4m from selling shares in the float
Peel Hunt directors saw their fortunes grow after it celebrated a successful first day of trading on Aim.
Bossess at the City broker pocketed £26.4million from selling shares in the float, and saw their remaining 16.3 per cent combined stake rise by £1.1million to £46.9million.
Chief executive and co-founder Steven Fine, who sold £4.7million of shares, still owns a 4.5 per cent stake in the firm now worth £12.8million.
Around half of the 271 staff and directors hold a stake, and will have welcomed a boost to their paper fortunes as the stock climbed in its first day of dealings.
Shares began trading at 228p. They climbed 2.4 per cent during the day to 233.5p, adding another £7million to its £280million value.