Brightside founder banks £2m

published 14 July 2011

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

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