Paddy Power non-exec trims stake
Jun 19, 2009
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Tom Grace, senior independent director of Paddy Power, has cut his stake in the Irish bookie, which has seen a rally in the share price since February.
Grace, a former Irish rugby international and the treasurer of the Irish Rugby Football Union, sold €165,000 worth at €10 per share. Grace joined the Paddy Power board in 2006. Paddy Power's share price has picked up after an upbeat trading statement in May.
Top Director Buys
Spirax-Sarco Engineering (SPX)
Director name: Mr Mark Vernon
Amount purchased: 5,000 @ 755.50p
Value: £37,775
Legal & General Group (LGEN)
Director name: Mr Rudy Markham
Amount purchased: 40,000 @ 62.40p
Value: £24,960
Top Director Sells
RSA Insurance Group (RSA)
Director name: Mr Andrew K Haste
Amount sold: 1,323,529 @ 120.90p
Value: £1,600,147
RSA Insurance Group (RSA)
Director name: Mr George Culmer
Amount sold: 673,870 @ 120.90p
Value: £814,709
RSA Insurance Group (RSA)
Director name: Mr Simon P G Lee
Amount sold: 475,901 @ 120.90p
Value: £575,364
RSA Insurance Group (RSA)
Director name: Mr Mark Richard Chambers
Amount sold: 409,610 @ 120.90p
Value: £495,218
IFG Group (IFP)
Director name: Mr Declan Kenny
Amount sold: 250,000 @ 72.34p
Value: £180,850
Paddy Power (PAP)
Director name: Mr Tom Grace
Amount sold: 10,000 @ € 16.50
Value: € 165,000
Man Group (EMG)
Director name: Mr Peter Lawrence Clarke
Amount sold: 54,734 @ 283.00p
Value: £154,897
RSA Insurance Group (RSA)
Director name: Mr Adrian Brown
Amount sold: 109,678 @ 120.90p
Value: £132,601
JSM Indochina (JSM)
Director name: Mr Craig D Jones
Amount sold: 200,000 @ $0.56
Value: $112,800
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