LONDON (ShareCast) - Shares of Cambridge-based Vectura rose after it confirmed the Japanese government has approved its Seebri inhalation capsules used in inhaler devices.

The shares rose 2p to 86.5p, on news that government clearance will trigger a £2.5m milestone payment for Vectura from its partner Novartis.

Whether by coincidence or not, Vectura director Dr Chris Blackwell chose this day to exercise options that entitled him to buy 277,776 ordinary shares at 48.125p a pop. The options were granted through Vectura's enterprise management incentive (EMI) scheme.

Dr Blackwell and his spouse promptly offloaded 54,800 of these shares at 87p a throw, which the company said was to use up capital gains tax allowances.

Dr Blackwell's beneficial holding in the company now stands at 0.64m shares, equivalent to 0.191% of the issued share capital.


Top Director Buys

Terrace Hill Group (THG)
Director name: Mr Robert Fredrik Martin Adair
Amount purchased: 450,000 @ 9.75p
Value: £43,875

Hiscox Ltd. (HSX)
Director name: Ms Andrea Rosen
Amount purchased: 3,966 @ 482.15p
Value: £19,122

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 2,632 @ 721.00p
Value: £18,977

Thor Mining (THR)
Director name: Mr David Thomas
Amount purchased: 1,000,000 @ 1.14p
Value: £11,400

Hiscox Ltd. (HSX)
Director name: Mr Ernst Jansen
Amount purchased: 3,663 @ 482.15p
Value: £17,661

Manx Financial Group (MFX)
Director name: Mr David Gibson
Amount purchased: 250,000 @ 5.00p
Value: £12,500

Amphion Innovations (AMP)
Director name: Mr Richard C E Morgan
Amount purchased: 375,000 @ 3.00p
Value: £11,250


Top Director Sells

Hambledon Mining (HMB)
Director name: Mr Nicholas Bridgen
Amount sold: 88,448,936 @ 1.80p
Value: £1,592,081

Numis Corporation (NUM)
Director name: Mr Oliver H J Hemsley
Amount sold: 1,500,000 @ 99.00p
Value: £1,485,000

Aegis Group (AGS)
Director name: Mr Nick Priday
Amount sold: 130,457 @ 235.80p
Value: £307,618

Fuller Smith & Turner (FSTA)
Director name: Mr M J Turner
Amount sold: 14,150 @ 712.00p
Value: £100,748

Vectura Group (VEC)
Director name: Dr Chris Blackwell
Amount sold: 54,800 @ 87.00p
Value: £47,676

Fuller Smith & Turner (FSTA)
Director name: Mr Simon Emeny
Amount sold: 3,505 @ 712.00p
Value: £24,956

Wetherspoon (J.D.) (JDW)
Director name: Mr John Hutson
Amount sold: 4,933 @ 474.00p
Value: £23,382

Wetherspoon (J.D.) (JDW)
Director name: Mr Su Cacioppo
Amount sold: 4,185 @ 474.00p
Value: £19,837


JH

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