Kingfisher CEO sells incentive share scheme stock
A round-up of the biggest director deals today so far.
Ian Cheshire, Chief Executive Officer of do-it-yourself retailer Kingfisher, has sold 994,482 shares in the company after earning them through the Performance Share Plan and the Kingfisher Incentive Share Scheme.
Cheshire earned himself £2.87m after selling the shares for 288.42p each. He now has just under 1.13m shares in the company.
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At the end of May the company posted a 3.6% decline, or 1.3% on a constant currency (CC) basis, in total sales for the 13 weeks to April 28th from a year earlier at £2,632m, as poor weather across Europe affected footfall. Like-for-like (LFL) sales were down 4.8% on a CC basis.
The share price is up six per cent over the past year, and four per cent in the past month.
On Tuesday the share price fell 2.49% to 281.80p.
Top Director Buys
UMC Energy (UEP)
Director name: Mr Jonathan R Reynolds
Amount purchased: 500,000 @ 11.13p
Value: £55,650
TUI Travel (TT.)
Director name: Ms Janis C Kong
Amount purchased: 15,000 @ 174.20p
Value: £26,130
JPMorgan US Smaller Companies Inv Trust (JUSC)
Director name: Mr Mark Ansell
Amount purchased: 2,000 @ 964.02p
Value: £19,280
Top Director Sells
Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 994,482 @ 288.42p
Value: £2,868,285
