Pressure Technologies bosses cut stakes
Bosses at Pressure Technologies, which produces oil and gas storage cylinders, have sold a combined total of £1.05m in shares of the AIM-listed company.
Chief executive John Hayward sold 100,000 shares at 199p each, taking his total holding to 1,000,040 shares or 8.82% of the company.
Director Philip Redfern sold 125,000 shares, reducing his stake to 745,000 shares, or 6.57%, while John Brown, Philip Catton and Alan Harding sold 100,000 shares each. They also received 199p a share.
Pressure Technologies' shares surged on 30 January after it posted a 68% rise in full year profits.
"Significant progress was made in the UK gas trailer refurbishment market and we plan to develop this sector further during 2008," it said.
Top Director Buys
Regal Petroleum (RPT)
Director name: Mr Francesco Scolaro
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Amount purchased: 50,000 @ 136.00p
Value: £68,000
Top Director Sells
Pressure Technologies (PRES)
Director name: Mr John Hayward
Amount sold: 100,000 @ 199.00p
Value: £199,000
