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.
He sold the shares to meet his tax liabilities following the exercise of the shares and to diversify personal finances.
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
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrency
According to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
By Chris Newlands Published
-
Investing for children this Christmas – five ideas
It might not come with a shiny ribbon, but an investment fund could be the gift that keeps on giving. We share five ideas if you are investing for children this Christmas.
By Katie Williams Published