Experian director reduces stake by 40,000

Aug 07, 2012

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Experian non-Executive Director, David Tyler, who is also the Chairman of both Sainsbury and Logica, has ditched 40,000 shares in the FTSE 100 financial data company.

Tyler's sale, which saw him pocket £388,236 by selling the shares at 970.59p each, comes less than a month after the company posted a 14% rise in second quarter revenue.

Earnings were pushed higher by activities in Latin America, although the firm continues to feel somewhat edgy about its prospects in the Eurozone.

The share price is up 33% over the past year, equal to a gain of 242p.

During the second quarter, the firm saw organic revenue growth of 9% at constant exchange rates, in what is the first quarter of the group's financial year. To put that into context, in the whole of the financial year just finished, organic revenue growth was 10% year-on-year.

On a constant currency basis and with organic growth figures in brackets, the regional breakdown for revenue growth was as follows: North America +10% (+8%); Latin America +33% (+18%); UK & Ireland +7% (+4%); Europe, Middle East, Africa and Asia +5% (+4%).

Top Director Buys

F&C Asset Management (FCAM)

Director name: Mr Edward Bramson

Amount purchased: 74,666 @ 87.93p

Value: £65,654

Vertu Motors (VTU)

Director name: Mr David Malcolm Forbes

Amount purchased: 100,000 @ 28.25p

Value: £28,250

Renold (RNO)

Director name: Mr Robert Davies

Amount purchased: 106,174 @ 23.00p

Value: £24,420

F&C Asset Management (FCAM)

Director name: Mr Edward Bramson

Amount purchased: 27,592 @ 88.05p

Value: £24,295

Renold (RNO)

Director name: Mr Brian Tenner

Amount purchased: 67,565 @ 23.00p

Value: £15,540

Top Director Sells

Experian (EXPN)

Director name: Mr David A Tyler

Amount sold: 40,000 @ 970.59p

Value: £388,236

NR

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