Homewares and furniture retailer Dunelm has confirmed that deputy chairman, Will Adderley, has sold millions of shares for almost £200m.
Will Adderley, the son of Dunelm founders Bill and Jean Adderley, has sold 15 million shares, representing a 7.4% stake, at a price is £12.80 per share for a total sum of £192m.
Will’s remaining stake has been reduced to 17.8%, while the Adderley family as whole represents a stake of 43.2%.
The sales has been to a company called WA Capital, which is controlled by Adderley and his wife Nadine.
Dunelm said that Will remains “fully committed” to the business and his position, while his working relationship will remain “unchanged”.