Date: Tuesday 11 Dec 2012
LONDON (ShareCast) - Rooney Anand, the Chief Executive of pubs group Greene King, pocketed nearly half a million pounds yesterday by selling off a portion of the shares he was awarded under the company's long-term incentive awards (LTIP) a few years back.
Under the LTIP awards that were granted to a number of senior execs on December 9th 2009 which have now vested in full, Anand received 153,000 ordinary shares, 79,959 of which he sold immediately, retaining some 73,041.
He sold the shares at a price of 620.07p, earning himself a total of £495,802. This leaves him with 272,794 shares left in the company.
The move comes just a week after the company unveiled its first-half results, in which it reported a 7.3% rise in total revenue and a 6.1% increase in operating profit.
Speaking at the time, Anand said: "Our team has delivered another strong trading performance driven by 17% profit growth in our retail division. We have continued to focus on providing excellent value, service and quality to our customers, while improving productivity and keeping tight control of costs.
"This has led to strong sales and profit growth, increased cashflow, improved returns and a stronger balance sheet."
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Director name: Mr Anil Thadani
Amount purchased: 600,000 @ $0.68
Value: $405,480
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Director name: Mr Steve Wiener
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Director name: Mr Philip Bowcock
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Cineworld Group (CINE)
Director name: Mr David Maloney
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Value: £24,500
Gable Holdings Inc. (GAH)
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Director name: Dr Levy Gerzberg
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Director name: Mr Rooney Anand
Amount sold: 79,959 @ 620.07p
Value: £495,802
Jarvis Securities (JIM)
Director name: Mr Andrew J Grant
Amount sold: 58,250 @ 170.00p
Value: £99,025
Xchanging (XCH)
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Value: £23,960
BC
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