Kevin Chidwick, Chief Financial Officer of Admiral, the FTSE 100 car insurance group, has sold off a chunk of shares awarded to him through the firm's senior executive restricted share plan.
Chidwick, 48, offloaded 34,207 shares at 1,179.00p each for a total of £403,301. The director also retained 10,802 shares.
Chidwick and his family now hold a total of 83,800 ordinary shares in Admiral.
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Last month the company decided to pay a special dividend after it saw pre-tax profits rise 13% to £299m in 2011 with net revenue up 36% at £870.3m. Both those figures beat the consensus forecast of £291m and £849m, respectively. Earnings per share came in at 81.9p, against a market expectation of of 81p.
The special dividend payment was 38.8p, raising the total dividend for the year to 75.6p, an 11% increase over 2010.
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