Dialight Chairman makes first sale since company listed

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 Miles Donnelly

Amount purchased: 400,000 @ 5.35p

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Director name: Mr Zaizhong Zhang

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Top Director Sells

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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