Henderson director makes sale

David Jacob, Managing Director of Investment Management at fund manager Henderson Group, has sold 429,000 shares at 120.60p.

The £517,374 sale was made after the director acquired just over two million shares on the vesting of a share plan.

Following the transaction Jacob now holds around 2.466m shares. His wife continues to own 710,920 shares.

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The stock has fallen over 28% in the past year, equivalent to 48.5p, and despite making gains in the last month of around 5%, has lost over 3% in the past week.

At the end of February the company said that while its acquisition of Gartmore in 2011 boosted income, outflows during the year were still 'significant'.

Underlying profits before tax were £159.2m, although when the Gartmore transaction and other items are taken into account, basic profit before tax fell to £13m.

Assets under management by the end of 2011 were £64.3bn an increase of 4% compared to December 31st 2010.

Top Director Buys

Computacenter (CCC)

Director name: Mr Greg Lock

Amount purchased: 6,562 @ 410.20p

Value: £26,917

Top Director Sells

Henderson Group (HGG)

Director name: Mr David Jacob

Amount sold: 429,000 @ 120.60p

Value: £517,374

SVG Capital (SVI)

Director name: Mr Edgar Koning

Amount sold: 4,587 @ 321.00p

Value: £14,724

Walker Crips Group (WCW)

Director name: Mr Stephen Bailey

Amount sold: 25,000 @ 45.00p

Value: £11,250

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