LONDON (ShareCast) - Dustin Dryden, Chief Executive Officer of Hangar 8, a European operator of privately-owned passenger jet aircraft, has this week sold half a million shares on the back of institutional demand for stock, the group revealed Friday.

The demand follows the company's half-year results issued Wednesday, which showed a strong rise in both revenue and profit.

At 260p-a-share, Dryden's sale generated a total of £1.3m. He now has an interest in 2.77m shares, representing approximately 29.32% of the issued ordinary share capital.

On Wednesday, the group said its revenue for the six months to the end of December rose 13.1% to £12.5m (2012: £11.1m), while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £0.89m to £1.18m.

It also said it planned to announce a maiden dividend payment alongside its full-year results.


Top Director Buys

Management Consulting Group (MMC)
Director name: Mr Nicholas Stagg
Amount purchased: 100,000 @ 22.75p
Value: £22,750

Majedie Investments (MAJE)
Director name: Mr Paul Gadd
Amount purchased: 10,000 @ 211.38p
Value: £21,138

Blinkx (BLNX)
Director name: Mrs Judy Vezmar
Amount purchased: 20,000 @ 102.00p
Value: £20,400


Top Director Sells

Mondi (MNDI)
Director name: Mr David A Hathorn
Amount sold: 180,479 @ 1,083.94p
Value: £1,956,284

Mondi (MNDI)
Director name: Mr Peter Oswald
Amount sold: 153,991 @ 1,083.94p
Value: £1,669,170

Hangar 8 (HGR8)
Director name: Mr Dustin Dryden
Amount sold: 500,000 @ 260.00p
Value: £1,300,000

Henderson Group (HGG)
Director name: Mr Andrew Formica
Amount sold: 366,600 @ 242.88p
Value: £890,398

Mondi (MNDI)
Director name: Mr Andrew King
Amount sold: 69,614 @ 1,083.94p
Value: £754,574

Mondi (MNDI)
Director name: Ms Carol Hunt
Amount sold: 26,814 @ 1,083.94p
Value: £290,648

Enterprise Inns (ETI)
Director name: Mr W Simon Townsend
Amount sold: 146,054 @ 151.40p
Value: £221,126

Standard Chartered (STAN)
Director name: Mr Richard H Meddings
Amount sold: 8,863 @ 1,206.20p
Value: £106,906

Standard Chartered (STAN)
Director name: Mr Stefano Paolo Bertamini
Amount sold: 7,877 @ 1,206.20p
Value: £95,012

Xchanging (XCH)
Director name: Mr David Bauernfeind
Amount sold: 50,000 @ 164.00p
Value: £82,000


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