Arron Banks, chief executive and co-founder of the insurance broking and financial services business Brightside, has pocketed £2m from the sale of shares in the group.He sold 8m at 25p a pop, but still has nearly 70m, more than 15% of the company.Banks, along with commercial director John Gannon and finance director Paul Chase-Gardener, founded the business in 2005. Its activities include commercial vehicle insurance broking and financial advice for people with money worries.Top Director BuysHelius Energy (HEGY) Director name: Mr Angus MacDonald OBEAmount purchased: 1,638,032 @ 14.10p Value: £230,963SeaEnergy (SEA) Director name: Mr Stephen E RempAmount purchased: 311,770 @ 28.50p Value: £88,854Prosperity Voskhod Fund Ltd. (PVF) Director name: Mr Robert W BoyleAmount purchased: 17,495 @ $1.51 Value: $26,452Top Director SellsBrightside Group (BRT) Director name: Mr Arron Fraser Andrew BanksAmount sold: 8,000,000 @ 25.00p Value: £2,000,000Homeserve (HSV) Director name: Mr Jon FlorsheimAmount sold: 220,765 @ 491.00p Value: £1,083,956
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
