ITE executive raises £6.75m

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.

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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