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Provident Financial

Provident Financial finance chief trousers £800k from share sale

Andrew Fisher has sold 123,000 PFG shares at £6.635 apiece, netting him £816,000

businessman with money
It’s been a rough 12 months for Provident Financial

Shares in Provident Financial PLC (LON:PFG) inched lower on Tuesday as the doorstep lender’s finance director sold a chunk of his shares, pocketing more than £800,000 in the process.

A stock exchange notification revealed Andrew Fisher, who has been on the firm’s board for over a decade, sold 123,000 shares at £6.635, netting him a total of £816,000.

READ: CEO resigns amid profit warning

Fisher’s shares would have been worth considerably more this time last year, before a string of profit warnings, investigations into some of its subsidiaries and a heavily discounted £300mln rights issue depressed the stock.

At the end of May, Barclays issued a bullish note, saying that things are “finally looking up” for the troubled group.

READ: Things ‘finally looking up’ for PFG after tough 2017

Provident shares were down 1.5% to 654.3p in mid-morning trading.

Quick facts: Provident Financial

Price: £3.70

Market: LSE
Market Cap: £937.75 m
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