Chief scientific officer Dr Erling Sundrehagen has sold 100,000 shares in diagnostics firm Axis-Shield at 408p a share. The sale raised £408,000. The share price fell 7p to 401p on the day of the announcement.
Dr Sundrehagen still owns 79,645 shares in Axis-Shield. Back in May, Dr Sundrehagen raised £148,000 by selling 50,000 shares at 296p each.
Dr Sundrehagen has a PhD in immunology and founded Norway-based Axis Biochemicals. Axis merged with Shield Diagnostics to form Axis-Shield in 1999. The company is quoted on the London and Oslo Stock Exchanges.
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Scotland-based Axis-Shield published an interim management statement at the end of October 2009. At that time management said that revenues were in line with expectations.
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Top Director Sells
Jardine Matheson (Singapore) (JAR) Director name: Mr E P K WeatherallAmount sold: 88,000 @ $29.67 Value: $2,610,731
Jardine Matheson (Singapore) (JAR) Director name: Mr Adam Phillip Charles KeswickAmount sold: 88,000 @ $29.67 Value: $2,610,731
Jardine Matheson (Singapore) (JAR) Director name: Mr Benjamin William KeswickAmount sold: 88,000 @ $29.67 Value: $2,610,731
Jardine Matheson (Singapore) (JAR) Director name: Mr Simon L KeswickAmount sold: 88,000 @ $29.67 Value: $2,610,731
TUI Travel (TT.) Director name: Mr Peter James LongAmount sold: 504,947 @ 243.30p Value: £1,228,536
TUI Travel (TT.) Director name: Mr Johan LundgrenAmount sold: 239,753 @ 243.30p Value: £583,319
TUI Travel (TT.) Director name: Mr Paul BowtellAmount sold: 225,567 @ 243.30p Value: £548,805
TUI Travel (TT.) Director name: Mr William WaggottAmount sold: 187,363 @ 243.30p Value: £455,854
Axis-Shield (ASD) Director name: Mr E SundrehagenAmount sold: 100,000 @ 408.00p Value: £408,000
Jardine Matheson (Singapore) (JAR) Director name: Mr Simon L KeswickAmount sold: 10,000 @ $29.74 Value: $297,440
