Date: Wednesday 10 Dec 2014
LONDON (ShareCast) - Gareth Jones, chief executive at Gooch & Housego, has pocketed £342,500 after selling 0.5m shares at 685p each at the fibre optic company.
Jones, who now holds 0.45m shares, said last week in the group's full year report that it suffered "considerable foreign exchange headwinds".
However, Gooch & Housego reported a lift in its profits before tax to £11.5m from £9.7m in the year before.
Jones said in the results report: "It's been another year of development and progress, and our initiatives to streamline the business and reduce costs are laying the building blocks for future growth to bear fruit in the coming years.
"With an encouraging pipeline of new products and opportunities, Gooch & Housego is well positioned to deliver further progress in 2015 and beyond."
Top Director Buys
Symphony International Holdings Ltd. (SIHL)
Director name: Mr Anil Thadani
Amount purchased: 300,000 @ $0.82
Value: $246,000
Independent News & Media (INM)
Director name: Mr Len O'Hagan
Amount purchased: 110,000 @ € 0.14
Value: € 14,850
Jubilee Platinum (JLP)
Director name: Mr Colin Bird
Amount purchased: 1,000,000 @ 1.25p
Value: £12,500
Top Director Sells
Stanley Gibbons Group (SGI)
Director name: Mr Michael Robert Montague Hall
Amount sold: 112,000 @ 310.00p
Value: £347,200
Gooch & Housego (GHH)
Director name: Mr Gareth Jones
Amount sold: 50,000 @ 685.00p
Value: £342,500
Stanley Gibbons Group (SGI)
Director name: Mr Donal Peter James Duff
Amount sold: 70,000 @ 310.00p
Value: £217,000
CSR (CSR)
Director name: Mr Ron Mackintosh
Amount sold: 6,115 @ 845.66p
Value: £51,712
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