Date: Tuesday 22 Oct 2013
LONDON (ShareCast) - Kuldip Sehmi, an Executive Director at Italian restaurant chain Prezzo, on Monday traded in 200,000 shares, reducing his stake to 682,244 shares, equal to 0.29 per cent of the issued share capital.
Sehmi, who is responsible for the day to day running of approximately half the Prezzo estate, sold the shares at 117p each for a total trade value of £234,000.
While significant, the size of the transaction pales in comparison to that made by Jonathan Kaye, the group's Chief Executive Officer, and two of its Non-Executive Directors, last month, when they each traded in a 1.3m share slice of the company.
At the beginning of September, the group posted a 17% leap in half year revenue to £79.7m, while adjusted pre-tax profit climbed 12% to £8.5m, and said it was "confident of delivering a satisfactory outcome for the year as a whole".
Top Director Buys
Aberforth Geared Income Trust (AGIT)
Director name: Mr Graham R Menzies
Amount purchased: 49,865 @ 158.12p
Value: £78,847
JPMorgan European Inv Trust Growth Shares (JETG)
Director name: Mr Andrew Adcock
Amount purchased: 25,000 @ 217.50p
Value: £54,375
STV Group (STVG)
Director name: Mr Genevieve Shore
Amount purchased: 5,564 @ 264.75p
Value: £14,731
Top Director Sells
GLOBO (GBO)
Director name: Mr Gavin Burnell
Amount sold: 505,000 @ 71.00p
Value: £358,550
Prezzo (PRZ)
Director name: Mr Kuldip Sehmi
Amount sold: 200,000 @ 117.00p
Value: £234,000
GLOBO (GBO)
Director name: Mr Gerasimos (Makis) Bonanos
Amount sold: 250,000 @ 71.00p
Value: £177,500
GLOBO (GBO)
Director name: Mr Dimitrios Gryparis
Amount sold: 245,000 @ 71.00p
Value: £173,950
Dairy Farm International Holdings Ltd. (Singapore) (DFI)
Director name: Mr Michael Kok
Amount sold: 13,500 @ $11.13
Value: $150,246
Dillistone Group (DSG)
Director name: Mr Giles Robin Fearnley
Amount sold: 150,000 @ 100.10p
Value: £150,150
Scancell Holdings (SCLP)
Director name: Dr Richard Goodfellow
Amount sold: 100,000 @ 30.00p
Value: £30,000
Scancell Holdings (SCLP)
Director name: Professor Lindy Durrant
Amount sold: 100,000 @ 30.00p
Value: £30,000
Dunedin Enterprise Investment Trust (DNE)
Director name: Mr Liz Airey
Amount sold: 2,500 @ 475.00p
Value: £11,875
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