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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues 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
Investors didn't seem to be too bothered by the sale, with shares up 2.23% at 1,007p by late afternoon on Monday.
Top Director Buys
Home Retail Group (HOME)
Director name: Mr Terry Duddy
Amount purchased: 160,000 @ 76.87p
Value: £122,992
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 165,000 @ 70.22p
Value: £115,863
North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 10,000 @ 950.00p
Value: £95,000
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 9,233 @ 600.00p
Value: £55,398
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
Mediterranean Oil & Gas (MOG)
Director name: Mr Keith Henry
Amount purchased: 250,000 @ 5.44p
Value: £13,600
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
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
MPs warn over Lifetime ISAs which could leave savers out of pocket
