Wood Group director sells more than quarter of his shares
Jun 14, 2012
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Wood Group director Mark Papworth sold 53,392 shares on Wednesday, less than a week after the engineering services firm said it has seen growth across all its divisions in the first half of its financial year.
Papworth sold the shares, equal to 0.014% of the issued share capital of the company, at 667.00p each, bagging himself a total of £356,125.
Following the transaction, the director holds 118,608 ordinary shares, representing 0.032% of the issued share capital.
Last week the company cautioned that its downstream operations (building refineries to process oil and gas) are being hit by lower expenditure in the US.
The firm made clear there is a plethora of upstream projects with several of the construction majors including Daewoo, Chevron and Samsung working with Wood Group.
Wood Group PSN, which provides engineering support to existing facilities, is seeing "robust activity levels", while the turbines division, Wood Group GTS, is seeing "good" growth in underlying earnings.
The group has said it is confident of achieving full year performance "in line with expectations".
Top Director Buys
Bank of America Corp. (BAC)
Director name: Mr Charles K Gifford
Amount purchased: 482,794 @ $7.36
Value: $3,553,364
New Europe Property Investments (NEPI)
Director name: Mr Martin Slabbert
Amount purchased: 400,000 @ € 3.28
Value: € 1,312,000
New Europe Property Investments (NEPI)
Director name: Mr Victor Semionov
Amount purchased: 250,000 @ € 3.28
Value: € 820,000
Lowland Investment Co (LWI)
Director name: Mr Robert Robertson
Amount purchased: 5,000 @ 848.00p
Value: £42,400
Terrace Hill Group (THG)
Director name: Mr Robert F M Adair
Amount purchased: 375,000 @ 9.75p
Value: £36,562
Terrace Hill Group (THG)
Director name: Mr Robert F M Adair
Amount purchased: 375,000 @ 9.61p
Value: £36,038
Eden Research (EDEN)
Director name: Mr Kenneth Williams Brooks
Amount purchased: 190,000 @ 12.92p
Value: £24,548
Eden Research (EDEN)
Director name: Sir Arthur Benjamin Norman Gill
Amount purchased: 187,000 @ 13.00p
Value: £24,310
Management Consulting Group (MMC)
Director name: Mr Nicholas Stagg
Amount purchased: 100,000 @ 21.72p
Value: £21,720
Fidessa Group (FDSA)
Director name: Mr John Hamer
Amount purchased: 1,078 @ 1,450.00p
Value: £15,631
Top Director Sells
Hiscox Ltd. (HSX)
Director name: Mr Bronek E Masojada
Amount sold: 144,070 @ 408.10p
Value: £587,950
Wood Group (John) (WG.)
Director name: Mr Mark Papworth
Amount sold: 53,392 @ 667.00p
Value: £356,125
Hiscox Ltd. (HSX)
Director name: Mr Bronek E Masojada
Amount sold: 33,838 @ 407.00p
Value: £137,721
Hiscox Ltd. (HSX)
Director name: Mr Roberts R S Childs
Amount sold: 33,838 @ 405.27p
Value: £137,135
Hiscox Ltd. (HSX)
Director name: Mr Roberts R S Childs
Amount sold: 33,838 @ 405.20p
Value: £137,112
Big Yellow Group (BYG)
Director name: Mr Nicholas Vetch
Amount sold: 20,000 @ 286.00p
Value: £57,200
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