GFS directors secure gains
Nov 11, 2009
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Nick Buckles and Trevor Dighton, the chief executive and finance director respectively of security group G4S, have both doubled their money through share sales.
Buckles and Dighton took up shares via options at varying exercise prices. Buckles spent nearly £1.1m on additional shares and immediately sold them for £2.28m. Dighton spent nearly £568,000 on his shares and sold them for £1.17m.
Buckles retains 1.59m shares and Dighton still owns 1.05m shares.
On Monday, G4S said that revenues grew 23% in the first nine months of September 2009, although that figure was boosted by exchange rate movements. Overall organic growth was 4.2%. Operating profits rose by one-quarter.
UBS increased its share price target from 240p to 300p. The broker was impressed by improved margins.
Top Director Buys
Chaarat Gold Holdings (CGH)
Director name: Mr Christopher David Palmer-Tomkinson
Amount purchased: 800,000 @ 23.50p
Value: £188,000
Wolseley (WOS)
Director name: Mr Michael Wareing
Amount purchased: 3,000 @ 1,273.85p
Value: £38,215
XP Power (XPP)
Director name: Mr David Hempleman Adams
Amount purchased: 8,200 @ 299.00p
Value: £24,518
Jubilee Platinum (JLP)
Director name: Mr Colin Bird
Amount purchased: 75,000 @ 32.00p
Value: £24,000
Top Director Sells
G4S (GFS)
Director name: Mr Nicholas P Buckles
Amount sold: 925,000 @ 246.65p
Value: £2,281,512
G4S (GFS)
Director name: Mr Trevor Dighton
Amount sold: 475,000 @ 246.65p
Value: £1,171,588
Smith & Nephew (SN.)
Director name: Mr David Illingworth
Amount sold: 100,000 @ 558.27p
Value: £558,270
Misys (MSY)
Director name: Mr Mike Lawrie
Amount sold: 91,454 @ 218.51p
Value: £199,836
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