TUI chief funds tax charges with share sale
A round-up of the biggest director deals today so far.
Johan Lundgren, Deputy Chief Executive Officer of TUI Travel, a FTSE 250 company, has sold 124,777 shares at 193.54p each, leaving him with a total of 882,964 shares.
The director said the £241,493 sale was made to cover accumulated tax liabilities relating to his move from Sweden to the UK in 2009.
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The group said it outperformed the UK leisure travel market with its bookings in January, with summer holiday reservations flat year-on-year against a 14% decline seen by the sector as a whole.
Revenue rose 5% to £2,845m from £2,716m in the final quarter of 2010, while the underlying operating loss thickened to £109m from £86m the year before, largely as a result of fewer French holiday-makers en vacances in North Africa.
Top Director Buys
New Europe Property Investments (NEPI)
Director name: Mr Desmond de Beer
Amount purchased: 21,225 @ €3.51
Value: €74,483
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 15,000 @ 600.00p
Value: £90,000
SABMiller (SAB)
Director name: Mr Geoffrey Bible
Amount purchased: 2,875 @ 2,653.30p
Value: £76,282
New Europe Property Investments (NEPI)
Director name: Mr Desmond de Beer
Amount purchased: 2,184 @ €3.49
Value: €7,631
Mandarin Oriental International (Singapore) (MDO)
Director name: Mr Andrew Hirst
Amount purchased: 58,000 @ $0.70
Value: $40,745
4Imprint Group (FOUR)
Director name: Mr John Poulter
Amount purchased: 10,000 @ 280.00p
Value: £28,000
ProVen Health VCT (PHV)
Director name: Mr Peter Arthur
Amount purchased: 51,750 @ 43.30p
Value: £22,408
CLS Holdings (CLI)
Director name: Mr Richard Tice
Amount purchased: 2,000 @ 599.71p
Value: £11,994
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 1,734 @ 595.00p
Value: £10,317
Top Director Sells
Prudential (PRU)
Director name: Mr Mike Wells
Amount sold: 31,372 @ 1,592.41p
Value: £499,571
Michael Page International (MPI)
Director name: Mr Stephen Puckett
Amount sold: 161,058 @ 479.00p
Value: £771,468
Michael Page International (MPI)
Director name: Mr Stephen Ingham
Amount sold: 161,058 @ 479.00p
Value: £771,468
TUI Travel (TT.)
Director name: Mr Johan Lundgren
Amount sold: 124,777 @ 193.54p
Value: £241,493
Michael Page International (MPI)
Director name: Mr Stephen Ingham
Amount sold: 36,741 @ 479.00p
Value: £175,989
Michael Page International (MPI)
Director name: Mr Stephen Puckett
Amount sold: 29,313 @ 479.00p
Value: £140,409
Pace (PIC)
Director name: Mr Mike Pulli
Amount sold: 141,127 @ 91.04p
Value: £128,482
Mandarin Oriental International (Singapore) (MDO)
Director name: Mr Andrew Hirst
Amount sold: 58,000 @ $1.61
Value: $93,490
Prudential (PRU)
Director name: Mr Barry Stowe
Amount sold: 11,322 @ 789.50p
Value: £89,387
Prudential (PRU)
Director name: Mr Michael McLintock
Amount sold: 5,006 @ 789.50p
Value: £39,522
