Yup. The shares were sold after trading had closed - amazing that's even
legal, frankly - to 'instutional investors' (i.e. pension fund managers, hedge funds and merchant banks) for roughly £1.50 a share less than we paid for them back in 2009(?) and, as I say, for 3p a share less than the price closed on that days' trading, and 4p less than it opened for the next morning. So if you bought them - which, given the sale was was after public trading had closed, meant you were someone they wanted to sell them to - and sold them first thing the next morning, you'd make a small but acceptable profit for literally seconds of work.
It was sold to his mates on the cheap while he thought nobody was looking, and next to none of the excuses he's made for doing it hold water.
