The Chairman of Dialight, the LED lighting developer, has sold his first batch of shares in the company since the company was listed in 1993.
Harry Tee, who made the sale in order to fund an existing financial commitment, earned 955p for each of the 425,000 shares, bagging himself total of £4,058,750.
The company was keen to stress that despite the large transaction, Tee "remains a significant shareholder", holding 1,028,357 ordinary shares, equal to around 3.2% of the issued share capital of the company. The Chairman confirmed he has no intention to sell any more shares in the company in the near future.
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Investors didn't seem to be too bothered by the sale, with shares up 2.23% at 1,007p by late afternoon on Monday.
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Director name: Mr Terry Duddy
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Director name: Mr Christopher H B Mills
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Director name: Mr Sten A Mortstedt
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Ceres Media International (CMI)
Director name: Mr Leslie C. Barber
Amount purchased: 4,500,000 @ 1.00p
Value: £45,000
Ceres Media International (CMI)
Director name: Mr Alexexander S. Dowdeswell
Amount purchased: 3,000,000 @ 1.00p
Value: £30,000
Mediterranean Oil & Gas (MOG)
Director name: Mr Miles Donnelly
Amount purchased: 400,000 @ 5.35p
Value: £21,400
HaiKe Chemical Group Ltd. (DI) (HAIK)
Director name: Mr Zaizhong Zhang
Amount purchased: 50,000 @ 29.50p
Value: £14,750
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Director name: Mr Keith Henry
Amount purchased: 250,000 @ 5.44p
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Top Director Sells
Dialight (DIA)
Director name: Mr Henry Leonard Tee
Amount sold: 425,000 @ 955.00p
Value: £4,058,750
M Winkworth (WINK)
Director name: Mr Simon Agace
Amount sold: 50,000 @ 85.00p
Value: £42,500
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