LONDON (ShareCast) - David Morrison, a non-executive director at PayPoint, has cashed in on the recent rise in the group's share price with sale of 2.46m shares in a deal worth £27.1m.

Last month the payment services group revealed that its transaction volume in the 12-month period rose 3.9% to a record high, revenues climbed 1.7% to £212.2m and pre-tax profit came in 11.5% higher at £46m.

Although the share price has risen around 128p since the release of the results, the gain only took it back to levels seen mid-May.

The 1,100p-a-share deal has left Morrison with just 35,000 shares, all of which are held by his company, Prospect Investment Management.

Top Director Buys

Griffin Mining Ltd. (GFM)
Director name: Mr Dal Brynelsen
Amount purchased: 167,000 @ 32.46p
Value: £54,208

Sierra Rutile Ltd (SRX)
Director name: Mr Richard Lloyd Lister
Amount purchased: 100,000 @ 49.00p
Value: £49,000

Blue Star Capital (BLU)
Director name: Mr Francisco Anthony Bodie Fabrizi
Amount purchased: 3,665,090 @ 0.55p
Value: £20,158

Blue Star Capital (BLU)
Director name: Mr Graham Parr
Amount purchased: 3,636,363 @ 0.55p
Value: £20,000

Fusionex International (FXI)
Director name: Mr Alan Lim
Amount purchased: 4,500 @ 398.00p
Value: £17,910


Top Director Sells

Hargreaves Lansdown (HL.)
Director name: Mr Stephen Robertson
Amount sold: 9,500 @ 1,282.00p
Value: £121,790

Planet Payment Inc. (PPT)
Director name: Lady Barbara Judge
Amount sold: 4,400 @ 172.47p
Value: £7,589

NR

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