IndigoVision's chief technical officer Barry Keepence has cut his holding in the CCTV group after a sharp spike in the share price since August.
It is Keepeace's second sale of a small parcel of shares recently. In June, he sold 10,000 shares at 415p. The group, which uses internet-based digital technology to make surveillance systems, recently posted record results ahead of expectations and announced a maiden dividend.
Profit before tax for the year ended 31 July jumped to £3.26m from £2.04m in 2008 on revenue up 43% to a record £26.4m. The group will pay a dividend of 5p a share.
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Following today's sale Keepence has an interest in 24,350 ordinary shares, representing approximately 0.3% of the issued share capital of the company.
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