Director sells shares to fund divorce

The executive director of a Hertfordshire housebuilder has sold 125,000 shares in the company to finance his divorce settlement.

Telford Homes, which is based in Waltham Cross and operates in and around east and north London, announced that John Fitzgerald sold shares on 14 and 15 July “to fulfil a personal financial commitment as part of a divorce settlement”.

The company said on 15 July that the sales were the last in a series of recent sales by Mr Fitzgerald. In total, he sold 275,000 shares, raising around £1.2 million before expenses, while retaining a stake of 100,000 shares in the company.

Divorce can be complex when substantial assets are involved and expert business valuations can be form an essential part in achieving a financial settlement.

At Moore Thompson, we are experienced in business valuations, ranging from small family firms through to substantial groups. Working in collaboration with legal and other advisers, we can also add value by advising on whether and how funds can be extracted from the business and assist with wider financial settlement issues – including splitting pensions – the tax implications of disposing of marital assets, share transactions, the setting up trusts and investing funds.

For more information on how we can assist, please contact us.