Chief Executive of N Brown, Alan White, has sold 234,699 shares, post-exercise of options, just a week after the internet and catalogue home shopping company said sales were up.
White, who joined the company in September 2002, earned himself £613,597 after selling the shares at 261.44p each.
The CEO sold all of the 234,699 shares, having earned them through the company's long-term incentive plan and deferred annual bonus scheme.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Despite sales being higher the firm warned that price conscious shoppers opting for value ranges had hit margins.
In the four months to the end of June the firm said total group revenue increased by 2.5%.
Like-for-like revenue growth was 1.9% after excluding sales from stores opened in the last year.
The company said an overall improvement in sales disguised a significant variation in performance by product category.
The share price fell 3.5% in the past year, but gained over 13% in the past month.
Top Director Buys
Rolls-Royce Holdings (RR.)
Director name: Mr Mike Terrett
Amount purchased: 6,066 @ 888.03p
Value: £53,868
Rolls-Royce Holdings (RR.)
Director name: Mr Colin P Smith
Amount purchased: 3,245 @ 888.03p
Value: £28,817
Rolls-Royce Holdings (RR.)
Director name: Mr Peter John Byrom
Amount purchased: 2,672 @ 888.03p
Value: £23,728
Rolls-Royce Holdings (RR.)
Director name: Mr John Rishton
Amount purchased: 1,252 @ 888.03p
Value: £11,118
Top Director Sells
Brown (N.) Group (BWNG)
Director name: Mr Alan White
Amount sold: 234,699 @ 261.44p
Value: £613,597
