Beighton aside, the remaining senior management — with a stake of about 5% — are locked into the business for the next two years.
Shares rose 8p to 346p, as Numis analyst Chris Millington said: “In our view this looks like a good deal and means the partnership business is now close to 4,000 units and generating £750 million of revenue — we estimate partnerships will now represent over 50% of Countryside’s profit profile.”