Nigel William Wray, non-executive director of Domino’s Pizza Group, a UK-based franchisee of fast food pizza delivery chain Domino’s Pizza, has sold 4,910,179 shares, representing a 2.98% stake in the company.

Wray, who is also chairman of rugby club Saracens, sold the shares on 2 August 2013, at a price of £5.70 ($8.645) per share, for gross proceeds of about £27.98 million ($42.45 million).

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The company has recently experienced a big loss in the pre-tax profits of its German business, with a 46% slump to £11.6m from £21.5 million in 2012.

However, according to the company’s latest interim results, group’s sales increased by 13.8% to £326.5 million, with online sales accounting for 63.3% of UK delivered sales.

As of 30 June 2013 a total of 22 new stores opened resulting in a total of 825 stores, including Ireland, Germany and Switzerland, and creating 600 new jobs.

Nigel William Wray

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-Full name: Dr. Nigel William Wray
-Known as: Nigel Wray
-Gender: Male
-Age: 65
-Date of birth/Year: 1948
-Citizenship: United Kingdom
-Domicile: United Kingdom
-Languages: English

Liquidity Events

-2 August 2013: sale of 4,910,179 shares in Domino’s Pizza Group plc for£27.98 million

Profile

Nigel Wray is a non-executive director of Domino’s Pizza Group plc, Networkers International Plc and Chapel Down Group plc. He also serves as director of Prestbury Investment Holdings Limited. He is the owner and chairman of Saracens Rugby Club. Born in 1948, Wray attended Mill Hill School. He was awarded a degree of Doctor of Laws honoris causa from University of Bristol. He is married with two children.

 

For a more detailed profile of Nigel William Wray see WealthInsight’s dossier: http://www.wealthinsight.com/Dossiers/Summary/36315