Dixons chairman Stanley Kalms sold 1.1 million shares in the business for #5.7 million, just days after slamming a retail analyst for advising shareholders to sell.
Kalms sold 34 per cent of the shares owned by his family following the issue of a brokers? sell note by Tony Cooper at brokers Greig Middleton.
The note predicted Dixons shares would be hit by ?a succession of shocks ? interest rate increases, higher insurance premium tax and a rising cost base relative to rapidly decelerating sales growth?.
At the time, Kalms threatened to cut all communication with the broker, but days later followed his advice, making a #218,000 profit while retaining 2.12 million shares in the firm.
Dixons? share price dropped to a six-month low of 487p following lower-than-expected interim results after Christmas.
Analysts warned that the public row and Kalms share sale are likely to depress the share value further.
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