The top men at miner Anglo Pacific have sold over £2m of stock after the price doubled inside six months.
Chairman Peter Boycott and chief executive Brian Wides both got rid of 500,000 shares at 210p a go, netting each just over £1m.
Boycott still owns 2.83m shares, or 2.65% of the company, worth £5.8m, while Wides has £6.5m of stock, or a 2.98% stake.
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
In August, the group reported a fall in profit for the six months to 30 June to £12.3m from £16.4m a year ago, reflecting lower metals prices and weak equity markets.
Top Director Buys
Value: £398,197
Value: £52,320
Value: £26,510
Value: £26,510
Value: £16,088
Value: £10,678
Value: £10,476
Top Director Sells
Value: £1,050,000
Value: £1,050,000
Value: £116,237
Value: £31,109
Value: £30,345
Value: £16,830
Value: £16,380
Value: £10,341
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
