Admiral CFO in share disposal

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.

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

Sign up

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.

Top Director Buys

Bullabulling Gold Limited (DI) (BGL)

Director name: Mr Peter John Mansell

Amount purchased: 300,000 @ 18.39p

Value: £55,170

XP Power Ltd. (DI) (XPP)

Director name: Mr James E Peters

Amount purchased: 7,000 @ 1,100.00p

Value: £77,000

BlackRock World Mining Trust (BRWM)

Director name: Mr Oliver A G Baring

Amount purchased: 3,000 @ 668.50p

Value: £20,055

Dechra Pharmaceuticals (DPH)

Director name: Mr Bryan Morton

Amount purchased: 2,804 @ 511.85p

Value: £14,352

Top Director Sells

Admiral Group (ADM)

Director name: Mr Kevin Chidwick

Amount sold: 34,207 @ 1,179.00p

Value: £403,301

IPSO Ventures (IPS)

Director name: Mr Craig Rochford

Amount sold: 400,000 @ 2.88p

Value: £11,520

NR