Harold Mitchell, a senior board member of Aegis Group, the FTSE-250 media and digital communications group, has made a double sale of shares in the month following its better-than-expected full year results.
Mitchell, who is the Executive Chairman of Aegis Media Pacific, sold 150,000 shares at 5.5p each on April 10th, six days after he sold 400,000 shares for the same price. Together, the sales earned the director £990,365.
Mitchell's sale made the most of the boost to the group's share price,
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
which is up over 36% since the same date a year ago.
The firm announced in March that it had beaten analyst forecasts for 2011 with profits jumping by a third. Pre-tax profits for 2011 at the firm came in at £161.8m, up 32% on the year before and beating expectations of £148.3m.
Earnings per share were 10.1p, up 29% on the previous year, with the company saying it would pay a dividend of 3.2p.
Top Director Buys
Bahamas Petroleum Co (BPC)
Director name: Mr Ross McDonald
Amount purchased: 250,000 @ 10.52p
Value: £26,300
RSM Tenon Group (TNO)
Director name: Mr Christopher Merry
Amount purchased: 250,000 @ 7.25p
Value: £18,125
W H Ireland Group (WHI)
Director name: Mr Christopher Paul Compton
Amount purchased: 15,000 @ 85.00p
Value: £12,750
Xchanging (XCH)
Director name: Mr David Bauernfeind
Amount purchased: 11,200 @ 96.59p
Value: £10,818
Top Director Sells
Hilton Food Group (HFG)
Director name: Mr Colin Patten
Amount sold: 3,644,315 @ 280.00p
Value: £10,204,082
Aegis Group (AGS)
Director name: Mr Harold Mitchell
Amount sold: 400,000 @ 183.14p
Value: £732,560
Morrison (Wm) Supermarkets (MRW)
Director name: Mr Richard Pennycook
Amount sold: 210,030 @ 288.17p
Value: £605,243
Computacenter (CCC)
Director name: Mr Michael J Norris
Amount sold: 122,670 @ 415.05p
Value: £509,142
Computacenter (CCC)
Director name: Mr Tony Conophy
Amount sold: 66,770 @ 415.05p
Value: £277,129
Aegis Group (AGS)
Director name: Mr Harold Mitchell
Amount sold: 150,000 @ 176.59p
Value: £264,885
W H Ireland Group (WHI)
Director name: Dr Richard Lee
Amount sold: 90,000 @ 85.00p
Value: £76,500
NR
1,000 children hold over £100,000 in a junior ISA – how to grow tax-free nest egg for your child
How to start investing: a beginner’s guide
