Rightmove boss Peter Brooks-Johnson has cashed in 62,336 shares in the firm, netting over £2.5m.
He exercised rights to acquire deferred shares acquired at no cost in March 2015 in respect of his 2014 bonus, plus performance shares awarded in 2013, and share options awarded in 2007.
Brooks-Johnson promptly sold most at an average price of £41.03 each, to make £2,557,298.
He still holds 89,720 ordinary shares and options over a further 295,825.
Brooks-Johnson joined Rightmove in 2006.
He became CEO in May this year when Nick McKittrick – who helped set up the portal in 2000 –retired.
Rightmove shares finished the day yesterday at £39.94, down 2.23%.
he s worked hard for that.. i particulary like the way he has let pay any way agent purplebricks on his site to completley destroy a business model that helped them in the first place. hope he gives some to charity , bless him.
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I wonder how new data protection laws next May will impact their data revenue ambitions?
Watch out for more ‘free’ data ownership initiatives from RM in the near future?
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They are trying to flog data via a new algorithm program that will predict house movers in the future. The corporates are signed up in some areas…watch out for the subscription demands again! Way behind other portals on this one…no wonder the top dogs are cashing in…they have milked everything as far as it will go.
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Heard somewhere that they are looking at creating a viewing booking platform?
Anyone know anything about this?
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