Australia's Johns Lyng Group slides after directors sell shares

Johns Lyng

20/05/2022 03:50

** Shares of Johns Lyng Group  JLG.AX  slide as much as 13%
to A$5.41, their lowest trading price since Aug 27, 2021
    ** The Australian building services provider says Managing
Director-CEO Scott Didier and Executive Director-COO Lindsay
Barber both sold 1 mln shares in the company  urn:newsml:reuters.com:*:nGLFc3ngRj 
    ** Adds that sale shares are a "very small percentage" of
their holdings in the co, which remain their overwhelming asset 
    ** Reconfirms its current outlook of A$802.4 mln ($562.80
mln) sales revenue and A$78.7 mln EBITDA for FY22 
    ** Stock posts its biggest intraday percentage fall since
May 10
    ** Trading volumes hit thrice their 30-day average, with
about 2.2 mln shares traded so far
    ** JLG down 31.9% YTD, as of last close 
    
    ($1 = 1.4257 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))