The Property Franchise Group (Martin & Co, EweMove, CJ Hole, Ellis & Co, Parkers, Whitegates) chairman, Richard Martin, has sold 850,000 of his shares in the business.

At a price of 173.25p per share this amounts to £1.472m

Following the transaction, Martin and his wife hold 8,039,950 ordinary shares in the company representing approximately 31.14% of the issued share capital.

The company will pay a 2.1p per share dividend to its shareholders in September.