Australia's Johns Lyng Group leads losses on ASX 200 after COO offloads 31% stake

Johns Lyng

20/12/2022 03:41

** Shares of Australian buildings services provider Johns
Lyng Group  JLG.AX  tank as much as 12.3% to A$5.970, on track
for their biggest pct loss since Oct. 10  
    ** Co says Lindsay Barber, executive director and chief
operating officer (COO), sold 4 mln shares, accounting for 31%
of prior holding in JLG  urn:newsml:reuters.com:*:nFWN339222
    ** Barber now retains 8.87 mln JLG shares 
    ** Co says Barber informed JLG that he has no intentions of
selling more shares within the next 12 months 
    ** Shares hit their lowest level since Oct. 17 
    ** Stock is the biggest pct loser on the benchmark S&P/ASX
200 index  .AXJO  
    ** More than 3.5 mln shares change hands, vs 30-day average
volume of ~792,900 shares  
    ** Stock down 25.4% this year, as of last close 
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))