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Watkin Jones family and directors cash in £70m worth of stock
This is the total banked by family and directors behind student accommodation business Watkin Jones (WJG:AIM) as they sell a near-20% holding.
The company joined AIM a year ago and one of the stated reasons for going public was to ‘allow incumbent shareholders to realise a proportion of value’.
Woodford Investment Management, run by famous UK fund manager Neil Woodford, picked up just over half the shares to hold in its funds.