Misys chairman sells shares

Misys chairman sells shares

Misys executive chairman Kevin Lomax has raised close to £330,000 in the past week from the sale of shares in the UK software company.

Lomax yesterday cashed in 142,000 shares at 224.06p to raise just over £320,000. This is on top of a disposal last Friday by his spouse of nearly 4000 shares at 222 pence.

Shares in the vendor have picked up recently on the back of a positive trading statement in January when MIsys reported signs of a turnaround in its core banking markets.

Lomax, a founding investor in Misys, retains a holding of approximately 7.5 million shares, representing roughly 1.4% of the company.

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