Serco chairman sells options

A round-up of the biggest director deals today so far.

Kevin Beeston, non-executive chairman of outsourcing specialist Serco, has netted more than £3m after offloading 867,481 shares at an average price of 348.2p each.

The sale comprises 644,603 options awarded under the company's 1998 Executive Option Plan with an average exercise price of 211p each, and 222,878 shares from awards under the group's 1996 Long Term Incentive Scheme.

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