LONDON (ShareCast) - (Sharecast News) - Bunzl revealed on Wednesday that chief financial officer Richard Howes had disposed of 19,383 ordinary shares in the FTSE 100-listed distribution company.
Howes, who exercised options of 41,137 shares as part of an agreement struck at the time of his joining the firm earlier in the day, sold the shares on Tuesday to cover the costs related to the exercise, including tax and dealing costs, at an average price of 2,456.0p each, for a total value of £476,046.47.

Back in March, RBC Capital Markets lifted its stance on Bunzl shares to 'sector perform' from 'underperform' and upped the price target to 2,270.0p from 2,200.0p following a de-rating.

The bank pointed to a "robust" set of FY results earlier in the month and the stock's 20% underperformance versus the FTSE All Share index over the past six months.

As of 1615 BST, Bunzl shares were down 0.41% at 2,447.0p.

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Director name: Ferguson,Carolyn
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Bunzl (BNZL)
Director name: Howes,Richard
Amount purchased: 41,137 @ n/a
Value: n/a



Top Director Sells

Bunzl (BNZL)
Director name: Howes,Richard
Amount sold: 19,383 @ 2,456.00p
Value: £476,046.47

Sabre Insurance Group (SBRE)
Director name: Carter,Geoffrey Richard
Amount sold: 93,144 @ 259.73p
Value: £241,922.92

Sabre Insurance Group (SBRE)
Director name: Carter,Geoffrey Richard
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Sabre Insurance Group (SBRE)
Director name: Westwood,Adam Richard
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Value: £108,865.83

Sabre Insurance Group (SBRE)
Director name: Westwood,Adam Richard
Amount sold: 28,362 @ 259.73p
Value: £73,664.62

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