LONDON (ShareCast) - Lord Harris of Peckham, the Executive Chairman of Carpetright, this week reduced his stake in the flooring specialist with the sale of 416,500 shares.

The sale was made through his company Harris Ventures, which is also connected with Martin Harris, Carpetright's Group Development Director.

Harris Ventures disposed of the shares at 649.06p each, for a total trade value of £2.7m.

Lord Harris, who explained that the sale is for personal wealth management reasons, now owns 11.92m shares, equal to a 17.64% stake in the company.

The director, who has been with the retailer for 56 years, only became Executive Chairman at the start of this month, and previously held the role of Chief Executive before stepping down in May last year.

The sale was made just two weeks after the company revealed its full-year profit would be "significantly" below its previous expectations, hit by volatile UK trading, a decline in sales, and extremely difficult economic conditions in the Netherlands.


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Redrow (RDW)
Director name: Mr Andrew Nicholas Hewson
Amount purchased: 7,750 @ 255.19p
Value: £19,777

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Director name: Mr Mark Bentley
Amount purchased: 17,724 @ 62.00p
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Top Director Sells

Carpetright (CPR)
Director name: Mr Martin Harris
Amount sold: 416,500 @ 649.06p
Value: £2,703,335

Carpetright (CPR)
Director name: Mr Lord Philip Harris of Peckham
Amount sold: 416,500 @ 649.06p
Value: £2,703,335

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Director name: Mr Daniel Jonathan Plant
Amount sold: 511,391 @ 100.00p
Value: £511,391

Goodwin Plc (GDWN)
Director name: Mr Richard S Goodwin
Amount sold: 9,000 @ 3,708.00p
Value: £333,720

Goodwin Plc (GDWN)
Director name: Mr John W Goodwin
Amount sold: 9,000 @ 3,708.00p
Value: £333,720

Tasty (TAST)
Director name: Mr Adam Kaye
Amount sold: 332,230 @ 100.00p
Value: £332,230

Tasty (TAST)
Director name: Mr Samuel Kaye
Amount sold: 332,230 @ 100.00p
Value: £332,230

Dairy Farm International Holdings Ltd. (Singapore) (DFI)
Director name: Mr Michael Kok
Amount sold: 28,800 @ $10.81
Value: $311,363

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Director name: Mr Brian May
Amount sold: 19,343 @ 1,324.00p
Value: £256,101

Tasty (TAST)
Director name: Mr Keith Lassman
Amount sold: 163,910 @ 100.00p
Value: £163,910

NR

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