The founder and chief executive of serviced office company Regus, Mark Dixon, is intending to sell ten percent of his own holding of the company’s shares.
Regus, which provides serviced and virtual offices – predominantly in London, Birmingham and Manchester, but also in many other locations around the world – was created 20 years ago in response to the demand for flexible meeting and working space. Over the last month shares in the company have gone from lows of around 77p to almost 110p.
The sale will reduce Dixon’s stake in the company to 33 percent. “There has been a lot of demand for the shares over the past couple of weeks and I decided to sell a small part of the stake to put a bit of money in the bank,” commented Dixon.
The recession has seen a rise in demand for some serviced office companies as firms seek to reduce overheads.