LONDON (ShareCast) - The Chairman of Advanced Computer Software this week sliced off 870,380 pounds-worth of shares from his stake, reducing it to 2.42m, the group announced after the close on Thursday.

Michael Jackson disposed of exactly 1m shares in the healthcare and business management software, and said he made the sale for "personal reasons".

Jackson, who took up the post of Chairman in 2008, was able to take advantage of the strong rise seen in the group's share price since the start of the year, during which time it has climbed from a low of 68p, to sell at 87.038p a piece.

The disposal was made on Wednesday, the same day the company posted a 74% jump in group revenue to £99.1m, driven largely by the acquisition of CSH earlier this year, and a 7% rise in pre-tax profit.

The group revealed it was "increasingly confident" of delivering good full year results and said it was in an "excellent" position to take advantage of further acquisition opportunities.


Top Director Buys

AstraZeneca (AZN)
Director name: Mr Pascal Soriot
Amount purchased: 23,981 @ 3,330.00p
Value: £798,567

Puricore (PURI)
Director name: Mr Daniel Hegglin
Amount purchased: 1,000,000 @ 45.00p
Value: £450,000

Symphony International Holdings Ltd. (SIHL)
Director name: Mr Anil Thadani
Amount purchased: 500,000 @ $0.76
Value: $380,000

Berkeley Group Holdings (The) (BKG)
Director name: Mr David Howell
Amount purchased: 1,200 @ 2,450.00p
Value: £29,400

Travis Perkins (TPK)
Director name: Mr Robert M Walker
Amount purchased: 805 @ 1,845.00p
Value: £14,852

Arden Partners (ARDN)
Director name: Mr Jonathan B Keeling
Amount purchased: 25,000 @ 48.50p
Value: £12,125

NB Global Floating Rate Income Fund Limited Red C Shs GBP (NBCS)
Director name: Mr Richard John Battey
Amount purchased: 10,000 @ 100.00p
Value: £10,000

NB Global Floating Rate Income Fund Limited Red C Shs GBP (NBCS)
Director name: Mrs Sandra Platts
Amount purchased: 10,000 @ 100.00p
Value: £10,000

NB Global Floating Rate Income Fund Limited Red C Shs GBP (NBCS)
Director name: Mr William Frewen
Amount purchased: 10,000 @ 100.00p
Value: £10,000


Top Director Sells

DotDigital Group (DOTD)
Director name: Mr Peter A. Simmonds
Amount sold: 2,000,000 @ 21.00p
Value: £420,000

DotDigital Group (DOTD)
Director name: Mr Ian (Tink) Taylor
Amount sold: 1,100,000 @ 21.00p
Value: £231,000

DotDigital Group (DOTD)
Director name: Mr Simon C. Bird
Amount sold: 1,100,000 @ 21.00p
Value: £231,000

Jarvis Securities (JIM)
Director name: Mr Andrew J Grant
Amount sold: 50,000 @ 400.00p
Value: £200,000

SpaceandPeople (SAL)
Director name: Mr Martin Kemp
Amount sold: 75,000 @ 112.25p
Value: £84,188

Informa (INF)
Director name: Mr Peter Rigby
Amount sold: 4,000 @ 555.00p
Value: £22,200

NR

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