The Financial Services Authority has fined former Morrisons boss Sir Ken Morrison £210,000 for failing to disclose share sales worth up to £450 million.
He failed to tell Morrisons when his voting rights dropped below six per cent, five per cent, four per cent and three per cent between 2009 and 2010.
He told the City watchdog he failed to disclose his share sales because he did not know he was meant to do so.
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