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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.
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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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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