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.