Founder of serviced office space company Regus to sell 10% ownership
It has been announced today that Mark Dixon, Chief Executive and founder of serviced office company Regus, is to sell 10% of his personal stake in the business.
Said to be selling around 35 million shares, Dixon claims that there is no particular reason for the sale. Speaking to the Financial Times, he said:
“Very simply, there’s been a lot of demand for the shares over the past couple of weeks and I decided to sell a small part of the stake to put a bit of money in the bank.”
According to online reports, he said that the sale would add liquidity to the share float, which has been constrained by his 37.5 per cent holding. Analysts state that the sale will bring Dixon’s personal stake in the business down to 33%.
Your Space suspends shares
Another serviced office company, Your Space, has also featured in news headlines this morning. Reports claim that shares were suspended today after the company said it needed to clarify its financial position.
For a number of weeks the company has been in talks with potential buyers for parts of the business, but these have reportedly ended unsuccessfully.
Further reports state that the company’s most recent financial results show a pre-tax profit of just ┬ú2,000 against ┬ú2.48m the previous year, while turnover for the six months was down to ┬ú3.72m from ┬ú9.61m.
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