By Iain Gilbert
Date: Monday 15 Apr 2019
LONDON (ShareCast) - (Sharecast News) - IQE's operations director Dr Howard Williams disposed of 3.17m ordinary shares in the AIM-listed semiconductor products manufacturer on Monday.
Williams, who was appointed operations director at IQE back in 1996, sold the shares at an average price of 68.40p, for a total value of £2.17m.
The Cardiff-based outfit's executive exercised options over 3.43m ordinary shares of 1p each last Wednesday, opting to dispose of the majority of them for "personal wealth planning purposes".
Williams still holds a beneficial interest in 2.63m ordinary shares.
Back in March, IQE shares dropped after it reported a decrease in annual profits and warned that it faced short-term headwinds.
Profit before tax for the year ended 31 December came in at £14.0m, a decrease of 43% compared to the year before, while a 1% increase in revenue to £156.3m was more than offset by a 3% increase in the cost of sales to £118.8m and a 38% jump in administrative costs to £29.9m.
As of 1610 BST, IQE shares had moved ahead 1.66% to 70.55p.
Top Director Buys
Tungsten Corporation (TUNG)
Director name: Mr Andrew Doman
Amount purchased: 209,983 @ 39.70p
Value: £83,363
Finsbury Food Group (FIF)
Director name: Mr Stephen Alexander Boyd
Amount purchased: 30,000 @ 67.00p
Value: £20,100
Top Director Sells
IQE (IQE)
Director name: Dr Howard Robert Williams
Amount sold: 3,174,470 @ 68.40p
Value: £2,171,337
Vesuvius (VSVS)
Director name: Mr Guy Young
Amount sold: 60,629 @ 613.37p
Value: £371,880
Vesuvius (VSVS)
Director name: Mr Patrick André
Amount sold: 37,731 @ 613.37p
Value: £231,431
Vesuvius (VSVS)
Director name: Mr Patrick André
Amount sold: 37,731 @ 613.37p
Value: £231,431
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Price | 1,920.18 |
Closing Price Change | 0.00 |
% Change | -0.00 % |
23-Apr-24 Close | 1,920.18 |
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