LONDON (ShareCast) - Frank Martin, the former Chief Executive of Hornby, which is best known for its model train sets and Scalextric racing kits, has reduced his stake in the group ahead of his retirement in June.

Martin, who since announcing his retirement has occupied the role of Deputy Chairman, traded in 400,000 shares at 82p each, pocketing £328,000.

At the end of last month the group warned investors that the retail environment in the UK and Europe has remained challenging, but is nonetheless confident in the group's strategy.

The company also announced plans for a re-structuring of the senior team below the board level, saying this will "create a simpler, more streamlined reporting structure that more closely reflects the current shape of the business".

The one-off restructuring charge of around £0.5m is expected to be largely offset by cost savings in the year to March 31st 2014.


Top Director Buys

Vesuvius (VSVS)
Director name: Mr Christer Gardell
Amount purchased: 50,000 @ 350.00p
Value: £175,000

Guinness Peat Group (GPG)
Director name: Mr Rob Campbell
Amount purchased: 24,985 @ 33.39p
Value: £8,342

RSA Insurance Group (RSA)
Director name: Mr Edward Lea
Amount purchased: 10,500 @ 111.90p
Value: £11,750


Top Director Sells

Hornby (HRN)
Director name: Mr Frank Martin
Amount sold: 400,000 @ 82.00p
Value: £328,000

Wood Group (John) (WG.)
Director name: Mr Mark Dobler
Amount sold: 25,000 @ 862.00p
Value: £215,500

Strategic Equity Capital (SEC)
Director name: Sir Clive Thompson
Amount sold: 120,306 @ 101.55p
Value: £122,171

News Corp. 'A' Shares (NCRA)
Director name: Mr Jose Maria Aznar
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Stanley S. Shuman
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Lachlan Murdoch
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Sir Rod Eddington
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Natalie Bancroft
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Peter Barnes
Amount sold: 1,339 @ $30.34
Value: $40,625

News Corp. 'A' Shares (NCRA)
Director name: Mr Viet Dinh
Amount sold: 1,339 @ $30.34
Value: $40,625

NR

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