LONDON (ShareCast) - Four directors, including the Chief Executive, at industrial rental group Ashtead Group on Monday sold a total of 826,682 following their vesting the same day.

Company Chief Geoff Drabble traded in 406,176 shares, which were awarded in 2011 under the group's performance share plan. With a disposal price of 934p the sale generated £3.79m.

Finance Director Suzanne Wood earned £1.95m after trading in 208,805 shares at the same price.

Divisional Chief Executives Brendan Horgan and Sat Dhaiwal sold 163,049 and 130,641 shares, respectively.

It comes a month after the group reported that profits had flown higher than record levels in the year to April 30th, helping earnings beat expectations comfortably.

The UK-headquartered company, whose larger US business is seen as a play on the slow-burning US non-residential construction recovery, lifted underlying revenues 24% to £1.48bn and earnings before interest, tax, depreciation and amortisation (EBITDA) 34% to £685.1m.


Top Director Buys

Intelligent Energy Holdings (IEH)
Director name: Mr John Maguire
Amount purchased: 21,574 @ 231.75p
Value: £49,998

Vodafone Group (VOD)
Director name: Mr Omid Kordestani
Amount purchased: 10,000 @ 202.17p
Value: £20,217

Witan Pacific Inv Trust (WPC)
Director name: Mr Andrew Stephen Robson
Amount purchased: 5,000 @ 230.00p
Value: £11,500


Top Director Sells

Ashtead Group (AHT)
Director name: Mr Geoffrey Drabble
Amount sold: 406,176 @ 934.00p
Value: £3,793,684

Ashtead Group (AHT)
Director name: Ms Suzanne Wood
Amount sold: 208,805 @ 934.00p
Value: £1,950,239

Ashtead Group (AHT)
Director name: Mr Brendan Horgan
Amount sold: 163,049 @ 934.00p
Value: £1,522,878

Ashtead Group (AHT)
Director name: Mr Sat Dhaiwal
Amount sold: 130,641 @ 934.00p
Value: £1,220,187

De La Rue (DLAR)
Director name: Mr Colin Child
Amount sold: 50,978 @ 748.28p
Value: £381,458

Bullabulling Gold Limited (DI) (BGL)
Director name: Mr Peter John Mansell
Amount sold: 1,625,000 @ 4.43p
Value: £71,988

Bullabulling Gold Limited (DI) (BGL)
Director name: Mr Ronald Hugh Beevor
Amount sold: 709,552 @ 4.43p
Value: £31,433

NR

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