LONDON (ShareCast) - Hangar 8, a privately-owned passenger jet aircraft owner, announced that Dustin Dryden, its Chief Executive Office, made his first ever sale of company stock with the disposal of 750,000 shares to meet institutional demand.

Dryden sold the shares at 205p each for a total of £1.54m and reduced his stake to 3.3m shares.

Nigel Payne, Non-Executive Chairman, said: "Dustin has done an exceptional job in building the business and, as the founder of Hangar8, has never sold a share since its inception.

"By disposing of these shares we have satisfied some institutional demand following the announcement of our final results, and will assist in our desire to improve liquidity."

The company's share price has rocketed since mid-October from 161.50p to Tuesday's high of 226p.

For the first half of the year revenues rose 39% to £23.6m (2012: £17.0m), with gross profit of £8.3m, up 69% from £4.9m for the same period a year earlier.

At the time of the results, Dryden said it had been "another powerful year of growth" for the company.


Top Director Buys

LondonMetric Property (LMP)
Director name: Mr Philip Watson
Amount purchased: 80,000 @ 130.50p
Value: £104,400

EpiStem Holdings (EHP)
Director name: Mr David Evans
Amount purchased: 18,200 @ 328.25p
Value: £59,742

Shaftesbury (SHB)
Director name: Mr Dermot Mathias
Amount purchased: 8,208 @ 605.75p
Value: £49,720

WYG (WYG)
Director name: Mr David Jeffcoat
Amount purchased: 27,278 @ 109.40p
Value: £29,842

Ariana Resources (AAU)
Director name: Mr Kerim Sener
Amount purchased: 800,000 @ 1.25p
Value: £10,000


Top Director Sells

Hangar 8 (HGR8)
Director name: Mr Dustin Dryden
Amount sold: 750,000 @ 205.00p
Value: £1,537,500

Grainger (GRI)
Director name: Mr Andrew R Cunningham
Amount sold: 576,350 @ 201.41p
Value: £1,160,827

Wolseley (WOS)
Director name: Mr Frank Roach
Amount sold: 32,696 @ 3,302.10p
Value: £1,079,655

Wolseley (WOS)
Director name: Mr Ian Meakins
Amount sold: 26,916 @ 3,302.10p
Value: £888,793

Grainger (GRI)
Director name: Mr Peter Couch
Amount sold: 293,820 @ 201.41p
Value: £591,783

Wolseley (WOS)
Director name: Mr John W Martin
Amount sold: 12,003 @ 3,302.10p
Value: £396,351

Wolseley (WOS)
Director name: Mr Richard Shoylekov
Amount sold: 11,831 @ 3,302.10p
Value: £390,671

LondonMetric Property (LMP)
Director name: Mr Patrick Vaughan
Amount sold: 282,000 @ 129.00p
Value: £363,780

Grainger (GRI)
Director name: Mr Nick Jopling
Amount sold: 180,100 @ 201.41p
Value: £362,739

Grainger (GRI)
Director name: Mr Mark Greenwood
Amount sold: 134,400 @ 201.41p
Value: £270,695

NR

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