LONDON (ShareCast) - An Executive Director of natural gas giant BG Group has sold 56,034 shares in the company to cover tax and social security liabilities (and associated dealing costs) following the vesting of 103,890 shares earlier this month.

Martin Houston sold the shares for 1,269.07p each for a total of £711,111 leaving him with 906,444 shares.

The sale was announced on Monday, the same day the company revealed that its Chief Financial Officer (CFO), Fabio Barbosa, is to take a leave of absence after he was diagnosed with a medical condition.

BG Group Financial Controller Den Jones will assume of all of Barbosa's responsibilities, acting as interim CFO for what it expected to be the rest of the year.

Sir Frank Chapman, BG's Chief Executive Officer, will take over as interim Chairman of the group's Investment Committee.

Over the past six months the company's share price has dropped from around the 1,500p mark to its current level of 1,278p, but is up 0.7% in the past year.


Top Director Buys

Trakm8 Holdings (TRAK)
Director name: Mr John Ferris Watkins
Amount purchased: 481,994 @ 17.00p
Value: £81,939

Plant Impact (PIM)
Director name: Mr John Brubaker
Amount purchased: 535,000 @ 13.85p
Value: £74,098

Standard Life Equity Income Trust (SLET)
Director name: Mr Richard Burns
Amount purchased: 20,000 @ 287.38p
Value: £57,476

North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 5,000 @ 1,040.00p
Value: £52,000

Trakm8 Holdings (TRAK)
Director name: Mr James Killingworth Hedges
Amount purchased: 299,783 @ 17.00p
Value: £50,963

Dexion Trading Ltd. (DTL)
Director name: Mr Christopher Spencer
Amount purchased: 24,900 @ 121.00p
Value: £30,129

Hansa Trust 'A' Non Voting Shares (HANA)
Director name: Mr Alexander Hammond-Chambers
Amount purchased: 3,000 @ 706.00p
Value: £21,180

Tracsis (TRCS)
Director name: Mr John Graeme Nelson
Amount purchased: 15,287 @ 130.00p
Value: £19,873


Top Director Sells

BG Group (BG.)
Director name: Mr Martin Houston
Amount sold: 56,034 @ 1,269.07p
Value: £711,111

Belvoir Lettings (BLV)
Director name: Mr Mike Goddard
Amount sold: 600,000 @ 88.50p
Value: £531,000

Low & Bonar (LWB)
Director name: Mr Steve Good
Amount sold: 226,026 @ 55.00p
Value: £124,314

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE