Andrew Herbert, finance director of Domino Printing has taken advantage of a rise in the company's share price following a positive trading statement to sell a large chunk of shares in the provider of industrial ink jet and laser printing equipment.
He pocketed nearly £260,000 from the sale of 49,160 shares at 525.11p a time.
The sale took place on Friday, the same day Domino's shares jumped after it said trading conditions continued to improve over the summer months and it is running ahead of expectations.
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
Domino said Herbert sold the shares for 'tax planning reasons.' He still has 81,744 shares in the company although this includes shares held under incentive plans.
Herbert, an accountant, joined Domino in 1986 and worked with the company in the UK and US. He was appointed finance director in 1998.
Top Director Buys
Arcontech Group (ARC) Director name: Mr Richard LastAmount purchased: 68,702,632 @ 0.100p Value: £68,703
CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 10,000 @ 524.00p Value: £52,400
International Personal Finance (IPF) Director name: Mr John Lorimer Amount purchased: 18,320 @ 271.32p Value: £49,706
Telecity Group (TCY) Director name: Mr Michael TobinAmount purchased: 2,000 @ 501.00p Value: £10,020
Top Director Sells
Provident Financial (PFG) Director name: Mr Peter CrookAmount sold: 64,511 @ 849.49p Value: £548,014
Domino Printing (DNO) Director name: Mr Andrew C HerbertAmount sold: 49,160 @ 525.11p Value: £258,144
Oxford Instruments (OXIG) Director name: Mr Jonathan FlintAmount sold: 16,227 @ 430.00p Value: £69,776
Oxford Instruments (OXIG) Director name: Mr Kevin BoydAmount sold: 6,700 @ 430.00p Value: £28,810
-
M&S shares shift from frumpy to fabulous as pre-tax profits are up by 56%M&S is performing strongly and has announced it will pay a dividend for the first time since the pandemic.
-
The rise and fall of Sam Bankman-Fried – the “boy wonder of crypto”
Why the fate of Sam Bankman-Fried reminds us to be wary of digital tokens and unregulated financial intermediaries.
