Virgin Media non-exec sells shares

published 7 November 2011

Virgin Media non-executive director John Rigsby has sold £183,287 worth of shares in the cable TV and internet services provider.

Rigsby, who has been a director since September 2008, serves on the business operations and technology committee and the audit committee.

The 64-year-old has worked for Time Warner Cable, Bright House Networks and American Television & Communications.

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In August, Virgin Media announced that it was to sell its stake in UKTV, the digital television group that owns channels such as Dave and Yesterday.

Back in February, the company reported its best ever financial year, with the final quarter of 2010 topping £1bn.

The stock has lost 6.35% over the past year, equivalent to 103p.

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F&C Asset Management (FCAM)

Director name: Mr Edward Bramson

Amount purchased: 200,000 @ 69.08p

Value: £138,160

Stobart Group Ltd. (STOB)

Director name: Mr Michael Kayser

Amount purchased: 62,500 @ 111.93p

Value: £69,956

Telecity Group (TCY)

Director name: Mr Michael Tobin

Amount purchased: 5,000 @ 598.88p

Value: £29,944

Evolve Capital (EVOL)

Director name: Mr David Wallace Ballintine Snow

Amount purchased: 2,000,000 @ 0.60p

Value: £12,000

Top Director Sells

Virgin Media Inc. (VMED)

Director name: Mr John Rigsby

Amount sold: 12,000 @ 1,527.39p

Value: £183,287

Cable & Wireless Communications (CWC)

Director name: Mr Timothy Pennington

Amount sold: 119,200 @ 38.92p

Value: £46,393