Posted: Wed 16th Mar 2016

Founder of Ewloe based Moneysupermarket.com pockets £124m after selling final stake.

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Wednesday, Mar 16th, 2016

Founder of Moneysupermarket.com Simon Nixon has pocketed £124m today after selling his remaining stake in the Ewloe headquartered company he set up in 1999.

The Billionaire businessman and former pupil St Richard Gwyn Catholic High School in Flint has sold almost £551 million of shares in the company in the past two years.

Credit Suisse Securities (Europe) announced that it has placed 37.8 million shares or 6.9 per cent of the company’s shares on behalf of Nixon priced at 328p per share, with gross proceeds of approximately £124m for Nixon.

Following completion of the placing, Nixon will not retain any holding in the company.

Last year Nixon said he would like to concentrate on other ventures, which includes luxury holiday home website Simonescapes.com.

In May 2015, the Sunday Times Rich List estimated his net worth at £945 million, and in December 2015, The Guardian reported that his previous share sale in 2015, on which he will avoid British capital gains tax at 28% having moved to Jersey in 2013, made him a billionaire.

Feature Image: stantonphotographic.com

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