Ted Baker CEO to sell over 200,000 shares

Ray Kevin, founder and chief executive officer at Ted Baker, has announced his intention to exercise part of his stock options and sell 202,382 ordinary shares to external investors.

The British highstreet retailer’s founder will still hold 15,540,280 company shares, which is equal to an estimated 35 percent of Ted Baker’s ordinary stock. The share placing will be managed by Liberum Capital Limited, who will fall to the founder under the exercise of nil-cost options due to him under a company bonus scheme from 2009.

Last week saw the fashion retailer report a 22.8 percent in like-for-like retail sales for the eight weeks to January 3, 2015. Gross margins were in line with expectations and, as in previous years, there was no significant promotional activity before Christmas.