We told you last week how Blinkx’s stock market valuation has quadrupled in the last couple of months.
Some institutional and small investors alike have profited – and Blinkx’s founder and founding father are among them.
The company just told the London Stock Exchange…
– CEO Suranga Chandratillake (pictured) sold 383,257 shares at £0.65 each (that’s equal to £249,117). He retains 4,109,314 shares.
– Autonomy CEO Dr Michael R Lynch, who is a Blinkx non-exec director, sold 750,000 shares (3.1 percent of his stake) at £0.65 each (that’s equal to £487,500). He retains 23,252,712 shares – 7.5 percent of Blinkx.
The pair sold their shares on Monday as Blinkx stock settled down from a rally that took it to £0.75.
Blinkx was spun out of Autonomy in 2007 and turned public.