Nick Buckles and Trevor Dighton, the chief executive and finance director respectively of security group G4S, have both doubled their money through share sales.
Buckles and Dighton took up shares via options at varying exercise prices. Buckles spent nearly £1.1m on additional shares and immediately sold them for £2.28m. Dighton spent nearly £568,000 on his shares and sold them for £1.17m.
Buckles retains 1.59m shares and Dighton still owns 1.05m shares.
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On Monday, G4S said that revenues grew 23% in the first nine months of September 2009, although that figure was boosted by exchange rate movements. Overall organic growth was 4.2%. Operating profits rose by one-quarter.
UBS increased its share price target from 240p to 300p. The broker was impressed by improved margins.
Top Director Buys
Value: £188,000
Value: £38,215
Value: £24,518
Value: £24,000
Top Director Sells
Value: £2,281,512
Value: £1,171,588
Value: £558,270
Value: £199,836
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