Moneysupermarket.Com founder, Simon Nixon, sells nearly 15% of stake in the group. This was after he moves up to a non-executive office in April.

Credit Suisse, a joint book runner said Wednesday that Nixon is selling up to 80 million shares. These shares represent 14.8% capital in the group. The group is responsible in providing insurance quotes and other financial products.

According to a data from Thomson Reuters, Simon Nixon holds 259.8 million shares in the group as of March 4. This represents roughly 48% of share capital.

The sale is Nixon's first major disposal after having the company listed in 2007. This will also lead to a more diversified personal holdings for Nixon, Credit Suisse said.

Moneysupermarket.Com states that it would return US$107 million to its shareholders. This will be done through a special dividend of 12.92 pence per share.  Citigroup was appointed as the other joint book runner.