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.
The firm recently announced that although summer 2012 bookings during the key booking month of January were little changed from last year, it is doing a lot better than the rest of the industry.
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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
