Knights plc CEO David Beech has offloaded 15.7 million shares in the law firm 鈥 worth around 拢61.2 million.
At the same time, chairman Bal Johal has sold a 拢1.17m stake in the firm with the sale of 300,000 shares.
It comes after the firm 鈥 which has 15 offices across the 海角视频 in areas including Birmingham, Manchester, Leeds, Leicester, York and Staffordshire underwent a secondary placing.
It means David and Bal will now hold a 20.4 per cent and 0.3 per cent share in the firm, respectively.
David Beech said: 鈥淲e are delighted to welcome a number of new institutional investors to our already high-quality shareholder register.
鈥淚 remain fully committed to delivering our ambition to build the leading legal and professional services business outside London and believe that, with a more diversified shareholder base, our business is in an even better position to achieve this.
鈥淔ollowing the placing I remain a substantial long-term shareholder and I look forward with confidence to continuing to drive the company鈥檚 growth, both organically and through selected acquisitions.鈥
