Gooch & Housego finance boss sells stake

Gooch & Housego's finance director Andrew Boteler has sold nearly half of his holding in the optical components and systems supplier.

Boteler sold 13,000 shares and his wife another 2,000 shares. They were all sold at 515p each, raising a total of £77,250. Boteler still owns 16,065 shares.

Boteler was initially made acting finance director in March 2009 when his predecessor left. He was officially appointed in August 2009. Boteler joined G&H in 2007 when it acquired SIFAM.

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G&H recently bought fibre optic products manufacturer EM4 for an initial £6.3m and raised £10.2m net through a placing at 450p a share.

The current share price is the highest it has been for a decade.

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