Daniel Dayan, chief executive of Fiberweb, has sold £455,000 worth of shares in the fabrics group.
Dayan sold 700,000 ordinary shares at a price of 65p each. He now owns 900,394 shares, or 0.74%, in the company.
Last month, Fiberweb announced it slipped into losses of £13m in the half year to June as revenues dropped, though the firm added that there are some signs the market is now stabilising.
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Revenues fell by 6.8% to £242.5m reflecting the impact of both the pass-through effect of lower raw material prices and lower volumes.
Top Director Buys
Value: £270,000
Top Director Sells
Value: £1,704,000
Value: £908,444
Value: £455,000
Value: £386,659
Value: £106,641
Value: $100,000
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