Graham Feltham, CFO of Altitude Group, Executes Complex Dealings Involving Transfer of Ordinary Shares

Branded merchandise solutions provider, Altitude Group plc, recently announced an array of dealings by its CFO, Graham Feltham, involving the company’s ordinary shares. Feltham began by transferring 160,000 ordinary shares to his wife at no cost. Afterward, he indulged in a series of astute stock transactions. He sold 284,444 ordinary shares from his personal dealing account, only to repurchase the same number of shares in his Individual Savings Account (ISA).

Not to be outdone, Feltham’s wife followed suit. She sold 160,000 ordinary shares she had just received from Graham, and immediately repurchased them in her ISA as well. While this might seem like a merry-go-round of asset transfers, it’s a rather clever manoeuvre by Graham Feltham. By doing so, he potentially positions his assets in the most tax-efficient way, while also keeping them within the family.