LONDON (ShareCast) - Kevin Chidwick, Chief Financial Officer of Admiral, the FTSE 100 car insurance group, has sold off a chunk of shares awarded to him through the firm's senior executive restricted share plan.

Chidwick, 48, offloaded 34,207 shares at 1,179.00p each for a total of £403,301. The director also retained 10,802 shares.

Chidwick and his family now hold a total of 83,800 ordinary shares in Admiral.

Last month the company decided to pay a special dividend after it saw pre-tax profits rise 13% to £299m in 2011 with net revenue up 36% at £870.3m. Both those figures beat the consensus forecast of £291m and £849m, respectively. Earnings per share came in at 81.9p, against a market expectation of of 81p.

The special dividend payment was 38.8p, raising the total dividend for the year to 75.6p, an 11% increase over 2010.


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Director name: Mr Peter John Mansell
Amount purchased: 300,000 @ 18.39p
Value: £55,170

XP Power Ltd. (DI) (XPP)
Director name: Mr James E Peters
Amount purchased: 7,000 @ 1,100.00p
Value: £77,000

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Director name: Mr Oliver A G Baring
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Director name: Mr Bryan Morton
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Top Director Sells

Admiral Group (ADM)
Director name: Mr Kevin Chidwick
Amount sold: 34,207 @ 1,179.00p
Value: £403,301

IPSO Ventures (IPS)
Director name: Mr Craig Rochford
Amount sold: 400,000 @ 2.88p
Value: £11,520

NR

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