Major owner of GAIN Capital Holdings just disposed of 250,000 shares

Global Assets Master, a major owner of GAIN Capital Holdings, recently disposed of 250,000 shares of the company. The disposals took place at $8.75 per share, on January 28, 2014. Master still owns 4,258,531 shares of the company. Master operates out of Road Town Tortola, D8. Some additional info was provided as follows:

The shares reported on this Form 4 are owned directly by Master Global Assets Limited ("MGAL"). This Form 4 is being filed jointly by MGAL, Michel Daher and Abdallah Daher. Michel Daher and Abdallah Daher may be deemed to indirectly beneficially own the shares owned directly by MGAL because they are both the owners and directors of MGAL. Michel Daher and Abdallah Daher disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, Michel Daher or Abdallah Daher is the beneficial owner of any of the securities reported herein.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

To receive a free e-mail notification whenever GAIN Capital Holdings makes a similar move, sign up!

   Auto Refresh