Iomart boss lands pound(s)2.5m from sale of Cupid stake

IOMART's Angus MacSween has scooped pound(s)2.5 million byselling almost half of his remaining stake in Cupid, the internetdating firm run by his brother-in-law Bill Dobbie.

Mr MacSween sold two million shares in the company, according toa stock exchange filing. Shares in Edinburgh-based Cupid closed lastnight at 125.5p, more than double the 60p the company, then calledEasydate, listed at last summer.

Mr MacSween, pictured, is chief executive of Glasgow-basedinternet hosting company Iomart, which he co-founded with Mr Dobbiein 1998.

He retains 2.5 million shares in Cupid, but his stake has fallenfrom 5.6% to 3.1%