Insider sales at GVC Holdings scrutinized

|About: GVC Holdings PLC (GMVHF)|By:, SA News Editor

There is some head scratching over a report that GVC Holdings' (OTCPK:GMVHF) chairman and CEO signed off on each other's large share sales last month

The sales were worth £20M and are described by The Times as "high controversial" due to the share price movement they caused.

GVC hasn't said if either the chairman or CEO sought consent from other directors to sell, but noted the transactions were in adherence to corporate governance proceedings.

Shares of GVC are down 1.66% in London.

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