LONDON (ShareCast) - The chairman and boss of fastenings group Trifast have both raised £1.08m each after selling shares issued under the company's 2009 share option plan.
Executive chairman Malcolm Diamond and chief executive Jim Barker, who have both been with the company for over three decades, were issued 1m shares each and sold the lot for 108p a piece.

Diamond's and Barker's stakes in Trifast were left unchanged at 553,800 shares (a 0.46% stake) and 573,229 shares (0.49%), respectively.

The company, which makes mechanical fasteners for the automotive, distribution, home appliances and electronics industries, last week hailed its "best trading period ever" as it reported a 14% rise in first-half profits to £4.3m.

Revenues rose 13% to £74m, while margins improved and overheads reduced. The company also hiked its interim dividend by 50% to 0.6p per share.

The shares have gained by over a third in 2014 alone and have risen by well over 300% since the same date in 2009. By Friday's close, the share price stood at 108p, giving the company a market capitalisation of around £123m.



Top Director Buys

Serco Group (SRP)
Director name: Mr Angus Cockburn
Amount purchased: 84,600 @ 173.70p
Value: £146,950

Enteq Upstream (NTQ)
Director name: Mr Robin H. Pinchbeck
Amount purchased: 148,701 @ 24.95p
Value: £37,101

Fenner (FENR)
Director name: Mr Nick Hobson
Amount purchased: 11,291 @ 257.00p
Value: £29,018

Future (FUTR)
Director name: Ms Zillah Byng-Maddick
Amount purchased: 185,018 @ 7.99p
Value: £14,783


Top Director Sells

Trifast (TRI)
Director name: Mr Jim Barker
Amount sold: 1,000,000 @ 108.00p
Value: £1,080,000

Trifast (TRI)
Director name: Mr Malcolm Diamond
Amount sold: 1,000,000 @ 108.00p
Value: £1,080,000

Stanley Gibbons Group (SGI)
Director name: Mr Ian Gregory Goldbart
Amount sold: 122,853 @ 300.00p
Value: £368,559

Young & Co's Brewery 'A' Shares (YNGA)
Director name: Mr Torquil Sligo-Young
Amount sold: 12,000 @ 1,030.00p
Value: £123,600

Fidessa Group (FDSA)
Director name: Mr Andy Malpass
Amount sold: 2,100 @ 2,366.00p
Value: £49,686

Fidessa Group (FDSA)
Director name: Mr Andy Malpass
Amount sold: 1,350 @ 2,368.46p
Value: £31,974

Frenkel Topping Group (FEN)
Director name: Mr Richard Fraser
Amount sold: 40,540 @ 37.00p
Value: £15,000

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