Print Published 31st Dec 2009, 14:22

Exercise of share options costs Langdon £1m in tax

Digital Marketing Group’s chief executive Ben Langdon sold about 2.3 million shares in the company yesterday to raise the £1 million required to settle a tax liability arising on the exercise of performance-linked share options earlier this month.  The sale prompted a 6.5% fall in the share price.  Langdon now holds almost 3.5 million shares representing 4.8% of the company’s  capital.