The wife of insurance services consultancy Charles Taylor Consulting's chief executive has raised £126,000 from a share disposal.
John Rowe's wife, Janet, sold 60,000 shares at 210p each. The shares were sold on the day that they went ex-dividend. The dividend of 9.01p a share is being paid on 25 May. The Rowes' retain 309,635 shares, equivalent to 0.77% of the company's share capital.
Rowe joined Charles Taylor in 1973 and became chief executive in May 1993, prior to the flotation in 1996. Rowe stepped down as chief executive in 2003 when he was replaced by Steve Clarke, a former finance director of Direct Line. Rowe was then reappointed in 2005. Between 1993 and 2007 he was also chairman.
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
Charles Taylor reported a rise in revenues from £80.8m to £96.6m in 2009. Underlying profits improved from £13.4m to £18.7m.
The company's AGM is on 29 April.
Top Director Buys
HGCapital Trust (HGT) Director name: Mr Timothy J AmiesAmount purchased: 2,000 @ 845.00p Value: £16,900
HGCapital Trust (HGT) Director name: Mr Andrew MurisonAmount purchased: 2,000 @ 845.00p Value: £16,900
Psource Structured Debt Ltd. (PSD) Director name: Mr Peter NivenAmount purchased: 30,000 @ 52.50p Value: £15,750
Walker Greenbank (WGB) Director name: Mr J SachAmount purchased: 38,480 @ 33.16p Value: £12,760
Baronsmead AIM VCT (BAV) Director name: Mr John DaviesAmount purchased: 13,376 @ 77.00p Value: £10,300
Top Director Sells
Charles Taylor (CTR) Director name: Mr John S M RoweAmount sold: 60,000 @ 210.00p Value: £126,000
Planet Payment Inc. (PPT) Director name: Mr Philip BeckAmount sold: 50,000 @ 140.00p Value: £70,000
