Ocean Power founder waves goodbye to shares
A round-up of the biggest director buys today so far.
The founder of Ocean Power Technologies has been busy selling shares in the wave power specialist, netting him over £200,000.
Between 13-15 April, George Taylor offloaded 50,000 shares at $5.78-$6.17 per share, leaving him with 764,801 shares, or 7.5% of the company.
He became chief executive in 1993, but resigned at the end of January to take on the executive chairman's role.
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Third quarter results, released in March, revealed a $0.4m drop in revenue to $1m and net loss of $3.6m for the three months ended 31 January 2009 against $4m a year earlier.
"Financial results for the third quarter of fiscal 2009 were in line with our expectations," said chief executive Mark Draper.
Top Director Buys
Value: £374,844
Value: £98,000
Value: £17,608
Top Director Sells
Value: £205,695
Value: £43,493
Value: £19,600
Value: £14,125
