Novae sale could generate £9.6mn for Fosh

Novae CEO Matthew Fosh could be set to personally gain as much
as £9.6mn ($12.4mn) from his firm's agreed sale to Axis
Capital.
According to Novae's latest annual report, Fosh owned
872,939 shares outright in the firm - equivalent to close to a 1.4
percent stake - as of 28 February.
At Axis' offer price of 700 pence per share, this would
equate to £6.1mn.
However, Fosh also had 500,917 shares in unvested awards as of
the end of February....