Robert Wiseman Dairies has today announced that Alan and Robert Wiseman have each sold 1.5 million shares in the business. The price given for the shares was 520.50pps (pence per share) meaning that approximately £15.6m was raised from the sale.

This latest sale means that Alan Wiseman has a stake of 14.99% while Robert Wiseman has a stake of 17.24%. In addition, this latest transaction means that Alan Wiseman will be the third largest shareholder behind Robert and First Milk (15.11%). In terms of share price, information from the Robert Wiseman Dairies website shows that the share price has today increased by 20pps (3.8%) compared to yesterdays closing price to 541.50pps.