Edward Strachan, an executive director of exhibitions organiser ITE, has raised £6.75m by selling more than half of his shareholding.
Strachan has sold 3m shares at 225p each. The shares were owned by Kyzyl Tan Consultants, where Strachan is the majority shareholder. Strachan still owns 2.675m shares.
Strachan has been with ITE since 1993 and he has been involved in starting up and running its Russian and CIS businesses.
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
The disposal comes on the day that ITE bought Moscow-based International Exhibition Company CJSC (MVK) for €33m cash.
Top Director Buys
Modern Water (MWG) Director name: Mr Robert Clarke Amount purchased: 150,000 @ 62.75p Value: £94,125
Imperial Tobacco Group (IMT) Director name: Ms Alison CooperAmount purchased: 3,624 @ 1,919.82p Value: £69,574
Imperial Tobacco Group (IMT) Director name: Mr Robert DyrbusAmount purchased: 3,097 @ 1,919.82p Value: £59,457
Collins Stewart (CLST) Director name: Mr Nicholas (Nick) PageAmount purchased: 62,000 @ 80.50p Value: £49,910
Imperial Tobacco Group (IMT) Director name: Mr Graham BlashillAmount purchased: 2,262 @ 1,919.82p Value: £43,426
Aegis Group (AGS) Director name: Dr Martin ReadAmount purchased: 15,000 @ 139.80p Value: £20,970
Young & Co's Brewery 'A' Shares (YNGA) Director name: Mr David PageAmount purchased: 3,278 @ 610.00p Value: £19,996
Aegis Group (AGS) Director name: Mr John BradyAmount purchased: 10,000 @ 138.97p Value: £13,897
Imperial Tobacco Group (IMT) Director name: Mr Matthew PhillipsAmount purchased: 640 @ 1,919.82p Value: £12,287
Roeford Properties (ROE) Director name: Mr Michael Gerard DonovanAmount purchased: 500,000 @ 2.12p Value: £10,600
Top Director Sells
ITE Group (ITE) Director name: Mr Edward StrachanAmount sold: 3,000,000 @ 225.00p Value: £6,750,000
Imperial Tobacco Group (IMT) Director name: Mr Robert DyrbusAmount sold: 27,843 @ 1,919.82p Value: £534,535
Medilink-Global UK Ltd. (MEDI) Director name: Mr Shia Kok FatAmount sold: 1,500,000 @ 12.00p Value: £180,000
Imperial Tobacco Group (IMT) Director name: Ms Alison CooperAmount sold: 7,032 @ 1,919.82p Value: £135,002
Imperial Tobacco Group (IMT) Director name: Mr Graham BlashillAmount sold: 6,950 @ 1,919.82p Value: £133,427
Imperial Tobacco Group (IMT) Director name: Mr Matthew PhillipsAmount sold: 2,979 @ 1,919.82p Value: £57,191
Young & Co's Brewery 'A' Shares (YNGA) Director name: Mr Patrick DardisAmount sold: 3,278 @ 610.00p Value: £19,996
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
