Johns Lyng Group eyes worst day in nearly 5 months on CEO's share sale

Johns Lyng

10/10/2022 01:43

** Shares of Australia's Johns Lyng Group Ltd  JLG.AX  slide
as much as 11.5% to A$5.850 - marking their worst day since May
20  
    ** The Australian building services provider says
CEO-Managing Director Scott Didier has sold 4 mln shares in the
company  urn:newsml:reuters.com:*:nASX2RnKn6 
    ** Co says share sale represents ~7.5% of Didier's holdings
in JLG and Didier will still retain ~49.3 mln shares 
    ** About 2.6 mln shares change hands, compared with the
30-day moving average of 1.1 million shares
    ** Stock hits lowest since July 5
    ** JLG is down 27.6% YTD as of last close
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))