Two of the most senior directors of Footsie AIM 50 listed firm Monitise have sold shares in the firm just one week after stock broker Evolution Securities lifted its target on the stock to 45p.
Chief executive officer and co-founder of the mobile payments firm Alastair Lukies and chief commercial officer Lee Cameron both sold a number of their shares at 38.75p.
Lukies sold more than 53,000 shares for a total of £20,743, while Cameron sold just under 44,000 for a total of £17,006.
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The share price has gained 84.88%, equivalent to 18.25p, over the past year.
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In September the firm reported revenues which had more than doubled from £6m to £14m and said it is on track to double turnover again in 2012.
Speaking at the time, Lukies said, "this has been a breakthrough year for Monitise".
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Amount purchased: 100,000 @ 250.70p
Value: £250,700
Ferrum Crescent Ltd Ord NPV (DI) (FCR)
Director name: Mr Robert W Hair
Amount purchased: 380,000 @ 5.56p
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Director name: Mr Stephen Robertson
Amount purchased: 3,996 @ 497.96p
Value: £19,898
Standard Chartered (STAN)
Director name: Mr John Paynter
Amount purchased: 1,250 @ 1,405.00p
Value: £17,562
Top Director Sells
Wood Group (John) (WG.)
Director name: Mr Mark Papworth
Amount sold: 9,991 @ 630.00p
Value: £62,943
Monitise (MONI)
Director name: Mr Alastair Lukies
Amount sold: 53,531 @ 38.75p
Value: £20,743
Monitise (MONI)
Director name: Mr Lee Cameron
Amount sold: 43,886 @ 38.75p
Value: £17,006
