Two Ovoca directors sell shares totalling £1.84m

published 11 July 2011

Two companies controlled by board members of Ovoca Gold have cut their stakes in the Russia-focused gold miner in two transactions totalling £1.84m.On 8 July, Salyco Trading Company, a firm controlled by Ovoca's executive chairman Mikhail Mogutov, sold over 2.37m ordinary shares at a price of 40p per share for a total of £948,542.Following this transaction, Mogutov holds 12,086,189 ordinary shares in the company, representing a 13.66% stake.Separately, Subishico Trading Company , a firm controlled by Ovoca's non-executive director Leonid Skoptsov, made £891,458 after offloading over 2.23m ordinary share at the same price.Skoptsov now holds 12,113,189 ordinary shares in Ovoca, equivalent to a 13.69% interest in the company.BCTop Director BuysPacific Alliance Asia Opportunity Fund Ltd. (PAX) Director name: Mr Christopher M GradelAmount purchased: 383,067 @ $1.20 Value: $459,297easyJet (EZJ) Director name: Mr Charles GurassaAmount purchased: 19,853 @ 350.20p Value: £69,525Rolls-Royce Group (RR.) Director name: Mr Andrew B ShilstonAmount purchased: 8,807 @ 654.29p Value: £57,623Rolls-Royce Group (RR.) Director name: Mr Mike TerrettAmount purchased: 7,283 @ 654.29p Value: £47,652Rolls-Royce Group (RR.) Director name: Mr Colin P SmithAmount purchased: 3,337 @ 654.29p Value: £21,834Rolls-Royce Group (RR.) Director name: Mr Peter John ByromAmount purchased: 3,207 @ 654.29p Value: £20,983National Australia Bank (NAB) Director name: Mr Geoffrey Allan TomlinsonAmount purchased: 471 @ A$23.65 Value: A$11,140Hornby (HRN) Director name: Mr Nigel CarringtonAmount purchased: 8,000 @ 138.00p Value: £11,040Top Director SellsOvoca Gold (OVG) Director name: Mr Mikhail MogutovAmount sold: 2,371,355 @ 40.00p Value: £948,542Ovoca Gold (OVG) Director name: Mr Leonid SkoptsovAmount sold: 2,228,645 @ 40.00p Value: £891,458TR Property Inv Trust (TRY) Director name: Mr Richard A StoneAmount sold: 15,000 @ 198.10p Value: £29,715