3i boss spends £275,000

published 10 June 2011

The chief executive of 3i, Michael Queen, has spent £275,000 on shares in the private equity group.He took 100,000 shares at just over 275p a time. Finance director Julia Wilson, meanwhile, took 10,000 shares at 272.6p a time.3i last month upped its dividend by 20% after reporting a sharp rise in investments in the year to 31 March. "High quality new investment has always been central to future value growth for our shareholders," said chairman Sir Adrian Montague. Top Director Buys3i Group (III) Director name: Mr Michael James QueenAmount purchased: 100,000 @ 275.08p Value: £275,080Centaur Media (CAU) Director name: Mr Patrick TaylorAmount purchased: 100,000 @ 54.50p Value: £54,500Salamander Energy (SMDR) Director name: Mr James MenziesAmount purchased: 20,000 @ 269.50p Value: £53,900Tate & Lyle (TATE) Director name: Sir Peter GershonAmount purchased: 6,125 @ 652.00p Value: £39,935Inland (INL) Director name: Mr Nishith Motilal Meghji MaldeAmount purchased: 150,000 @ 19.50p Value: £29,2503i Group (III) Director name: Mrs Julia WilsonAmount purchased: 10,000 @ 272.60p Value: £27,260Savile Group (SAVG) Director name: Mr Jonathan CohenAmount purchased: 235,526 @ 8.51p Value: £20,043Savile Group (SAVG) Director name: Mr Peter David ConroyAmount purchased: 235,525 @ 8.51p Value: £20,043Deo Petroleum (DEO) Director name: Mr Kevin BurkeAmount purchased: 40,000 @ 44.85p Value: £17,940Top Director SellsAndrews Sykes Group (ASY) Director name: Mr Emmanuel SebagAmount sold: 6,840 @ 205.50p Value: £14,056Andrews Sykes Group (ASY) Director name: Mr Emmanuel SebagAmount sold: 6,376 @ 208.75p Value: £13,310