Lancaster's £4.05m SDL share sale

Sep 03, 2010

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SDL International's chairman and chief executive has sold more than one-half of his stake in the content localisation technology company.

Mark Lancaster sold 750,000 shares at 540p a share. This raised £4.05m. Lancaster says that he sold the shares in order to finance the purchase of a property. He retains a 0.7% stake.

Gartner has published an annual update to its web content management research. This covers SDL. Gartner says that SDL's marketing lags behind the quality of the services it offers. Gartner adds that SDL is maintaining its innovative edge.

KBC Peel Hunt upgraded its 2010 earnings per share forecast for SDL to 34.7p. This followed SDL's interims.

Interim revenues grew 13% to £94.5m, while underlying profits increased 12% to £16.3m.

Top Director Buys

VinaCapital Vietnam Opportunity Fund Ltd. (VOF) Director name: Mr Michael Grenville Gray Amount purchased: 70,000 @ $1.48 Value: $103,600

XP Power (XPP) Director name: Mr David Hempleman Adams Amount purchased: 5,775 @ 855.00p Value: £49,376

Computacenter (CCC) Director name: Mr John Ormerod Amount purchased: 10,000 @ 284.61p Value: £28,461

Symphony International Holdings (SIHL) Director name: Mr Anil Thadani Amount purchased: 40,935 @ $0.66 Value: $27,017

Chaucer Holdings (CHU) Director name: Mr Richard T Scholes Amount purchased: 55,000 @ 46.65p Value: £25,658

Anglo Pacific (APF) Director name: Mr Matthew Tack Amount purchased: 5,079 @ 254.50p Value: £12,926

Top Director Sells

SDL International (SDL) Director name: Mr Mark J Lancaster Amount sold: 750,000 @ 540.00p Value: £4,050,000

NCC Group (NCC) Director name: Mr Robert F C Cotton Amount sold: 29,867 @ 430.00p Value: £128,428

Northern Foods (NFDS) Director name: Mr Stefan Barden Amount sold: 157,896 @ 43.50p Value: £68,685

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