Simon Embley, deputy chief executive of LSL Property Services, a UK-based provider of residential property services, has sold 4,164,502 shares representing a 3.99% stake in the company.
Embley, who was previously a director of Norwich Union Wealth management, sold the shares on 4 September 2013 at a price of £4.6265 ($7.39) per share, for gross proceeds of approximately £19.26m.
The company’s revenue as of 30 June 2013 was £118.8m, a slight year-on-year decrease of 2% from £120.8m in total revenue in 2012.
The company’s market capitalisation on the same date was £469.5.
Full name: Simon D Embley
Known as: Simon Embley
Year of birth: 1962
Simon D Embley is the deputy chairman and executive director of LSL Property Services. He was the group chief executive from the time of the management buyout of Chartered Surveyors and Your Move from Aviva (formerly Norwich Union Life) in 2004.
He was previously a director of Norwich Union Wealth Management.