Restaurateur Adam Kaye has sold 350,000 shares in Prezzo, the Italian dining chain founded and operated by his cousin Jonathan Kaye.
Adam Kaye sold his ordinary shares of 5 pence each at a price of 93p per share today, netting him over £300,000. He still has just over eight million shares left, representing a 3.5% holding in the business.
They both joined the board of Prezzo in 2008 as non-executive directors.
Jonathan Kaye was the 2011 Restaurateur of the Year - Group Catey award winner.