BBA Aviation boss jettisons incentive plan shares

Shares in aviation support service group BBA Aviation are a few pence off their 52-week high, so it was not a bad time for Group Chief Executive Simon Pryce to get shot of a pile of shares awarded under the firm's long term incentive and bonus plans.

Pryce jettisoned 323,613 shares at 215.55p each for a total of £697,548, reducing his total holding to 939,874 shares.

The sale was made exactly one month after the aviation support firm boasted a significant rise in both revenue and profit for the year ended December 31st.

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Statutory profit before tax was up 24% from $132m to $163.6m (up 15% to £170.2m before exceptional items), while revenue was up 17% from $1,833.7m to $2,136.7m.

Earnings before interest, tax, depreciation and amortisation rose 13% from $221m to $250.1m, while basic underlying earnings per share gained 6% from 27.3c to 29c, after the firm continued to outperform the market, albeit at a slower rate than expected.

Speaking at the time, Pryce said: "We will continue to deliver operational improvement, to flex costs and to deploy our available capital to a strong pipeline of attractive investment and consolidation opportunities. Whilst the macro-economic climate remains uncertain, we anticipate making further progress during the year.

"Over the medium-term, the strengths and track record of our business together with the structural drivers of our markets give us continued confidence in the attractive growth prospects for BBA Aviation and our ability to deliver superior through-cycle returns."

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First Quantum Minerals Ltd. (FQM)

Director name: Mr Michael Martineau

Amount purchased: 1,500 @ 1,189.27p

Value: £17,839

Victoria Oil & Gas (VOG)

Director name: Mr Kevin A Foo

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Charles Taylor Consulting (CTR)

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WYG (WYG)

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Anglo American (AAL)

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Bunzl (BNZL)

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Amount purchased: 1,083 @ 856.34p

Value: £9,274

Anglo American (AAL)

Director name: Mr Phuthuma F. Nhleko

Amount purchased: 571 @ 2,468.85p

Value: £14,097

Anglo American (AAL)

Director name: Dr Dr Mamphela Ramphele

Amount purchased: 571 @ 2,468.85p

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WYG (WYG)

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Top Director Sells

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Director name: Mr Simon Pryce

Amount sold: 323,613 @ 215.55p

Value: £697,548

Henderson Group (HGG)

Director name: Mr David Jacob

Amount sold: 223,881 @ 125.11p

Value: £280,098

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Director name: Mr Jonathan Gray

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Value: £278,449

Shire Plc (SHP)

Director name: Mr Angus Russell

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Value: £246,997

EnQuest (ENQ)

Director name: Dr James Buckee

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Travis Perkins (TPK)

Director name: Mr Paul N Hampden Smith

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Value: £194,833

Shire Plc (SHP)

Director name: Mr Graham Hetherington

Amount sold: 4,659 @ 2,014.00p

Value: £93,832

SpaceandPeople (SAL)

Director name: Mr Christopher Graham Stainforth

Amount sold: 128,984 @ 67.75p

Value: £87,387

Bodycote (BOY)

Director name: Mr David F Landless

Amount sold: 19,000 @ 387.00p

Value: £73,530

Fisher (James) & Sons (FSJ)

Director name: Mr Nick Henry

Amount sold: 10,000 @ 597.00p

Value: £59,700