LONDON (ShareCast) - Sports Direct International’s Chief Executive Dave Forsey and Finance Director Bob Mellors have each netted 6.4m pounds after selling shares from a bonus plan.

The sportswear retailer said the pair had exercised options granted to them under the company’s executive bonus scheme to buy 1m shares in the company at 10p each.

They have both sold 950,000 shares at a price of 680p a share, making them a profit of £6.4m and leaving them with 50,000 of shares each worth £352,500, for which they would have paid £5,000.

The share award was subject to underlying earnings hitting £195m in 2010/2011 and there being an underlying earnings to net debt ratio of two or less at the end of the same financial year.

The bumper bonus follows a stellar performance by Sports Direct’s share price which has nearly doubled this year to a close last night of 705.17p.



Top Director Buys

StatPro Group (SOG)
Director name: Mr Mark C Adorian
Amount purchased: 202,850 @ 80.00p
Value: £162,280

Sutton Harbour Holdings (SUH)
Director name: Mr Graham Scott Miller
Amount purchased: 97,000 @ 25.50p
Value: £24,735

CLS Holdings (CLI)
Director name: Mr H O Thomas Lundqvist
Amount purchased: 1,330 @ 1,167.84p
Value: £15,532


Top Director Sells

Sports Direct International (SPD)
Director name: Mr Dave Forsey
Amount sold: 950,000 @ 680.00p
Value: £6,460,000

Sports Direct International (SPD)
Director name: Mr Bob Mellors
Amount sold: 950,000 @ 680.00p
Value: £6,460,000

Berendsen (BRSN)
Director name: Mr Kevin Quinn
Amount sold: 50,000 @ 908.40p
Value: £454,200

Mobile Streams (MOS)
Director name: Mr Simon David Buckingham
Amount sold: 630,000 @ 70.13p
Value: £441,819

Berendsen (BRSN)
Director name: Mr Kevin Quinn
Amount sold: 25,000 @ 908.40p
Value: £227,100


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