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.
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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.
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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
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Provident Financial (PFG) Director name: Mr Peter CrookAmount sold: 64,511 @ 849.49p Value: £548,014
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