LONDON (ShareCast) - Adam Walker, the outgoing Finance Director at data publishing and events firm Informa, has reduced his stake in the FTSE 250 group by 344,483 shares.
Walker, who two weeks ago announced his intention to become Finance Director at GKN, disposed of the shares at 554.26p, earning himself £1.91m.
At the start of this week the company said it is on track to hit expectations this year after a 'solid' third quarter with good performances from across each division.
However, it also warned that the recent strength of the sterling against the US dollar, euro and Brazilian real, has been "unhelpful" to its results. Nearly half of group sales are in US dollars or currencies closely aligned with the greenback.
The company saw positive organic growth across the board during the first nine months of the year in spite of the absence of the Formobile exhibition in Brazil, which only takes place every two years. Group adjusted organic revenues increased by 1.1% during the first three quarters.
Like-for-like (LFL) revenue growth in Academic Information was 4%, a slight pick-up from the half-year stage.
Walker, who will exit the company at the end of 2013, now owns 22,663 shares in the group.
Top Director Buys
Stobart Group Ltd. (STOB)
Director name: Mr Iain Ferguson
Amount purchased: 100,000 @ 130.00p
Value: £130,000
Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Datuk Amar Leonard Linggi Jugah
Amount purchased: 25,000 @ 201.00p
Value: £50,250
Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Dennis Melka
Amount purchased: 25,000 @ 200.00p
Value: £50,000
IMI (IMI)
Director name: Mr Carl Peter Forster
Amount purchased: 3,000 @ 1,567.00p
Value: £47,010
Centrica (CNA)
Director name: Mr Rick Haythornthwaite
Amount purchased: 12,500 @ 356.58p
Value: £44,572
Geopark Limited (GPK)
Director name: Mr James F Park
Amount purchased: 3,500 @ 515.00p
Value: £18,025
Magnolia Petroleum (MAGP)
Director name: Mr Ronald Sanford Harwood
Amount purchased: 500,000 @ 2.80p
Value: £14,000
Home Retail Group (HOME)
Director name: Mr John Coombe
Amount purchased: 6,952 @ 195.80p
Value: £13,612
Home Retail Group (HOME)
Director name: Mr Jacqueline de Rojas
Amount purchased: 5,324 @ 195.80p
Value: £10,424
Home Retail Group (HOME)
Director name: Mr Cath Keers
Amount purchased: 5,324 @ 195.80p
Value: £10,424
Top Director Sells
IMI (IMI)
Director name: Mr Martin J Lamb
Amount sold: 300,000 @ 1,503.00p
Value: £4,509,000
Informa (INF)
Director name: Mr Adam Walker
Amount sold: 344,483 @ 554.26p
Value: £1,909,331
Menzies(John) (MNZS)
Director name: Mr D J Jenkinson
Amount sold: 153,750 @ 812.00p
Value: £1,248,450
Menzies(John) (MNZS)
Director name: Mr D J Jenkinson
Amount sold: 37,500 @ 820.00p
Value: £307,500
Dairy Farm International Holdings Ltd. (Singapore) (DFI)
Director name: Mr Michael Kok
Amount sold: 15,300 @ $11.51
Value: $176,040
Dillistone Group (DSG)
Director name: Mr Giles Robin Fearnley
Amount sold: 140,000 @ 111.00p
Value: £155,400
Proton Power Systems (PPS)
Director name: Dr Faiz Francois Nahab
Amount sold: 2,300,000 @ 6.15p
Value: £141,450
Law Debenture Corp. (LWDB)
Director name: Ms Caroline Banszky
Amount sold: 10,000 @ 525.00p
Value: £52,500
NR
Email this article to a friend
or share it with one of these popular networks: