LONDON (ShareCast) - The wife of Cairn Chairman, Sir Bill Gammell, has traded in a large slice of shares, reducing his stake in the oil exploration company to 596,331 shares.

Lady Janice Gammell sold the shares at 263.26p earning £1.45m before tax.

The Chairman earned a further £260,006 through the sale of another 98,764 shares at the same price through two trusts in which he has an interest.

At its last update, on October 18th, the group reported that it was pleased with the progress made this year in re-balancing the portfolio for exploration-led growth.


Top Director Buys

Lo-Q (LOQ)
Director name: Mr Matthew Jonathan Cooper
Amount purchased: 17,442 @ 344.00p
Value: £60,000

Unilever (ULVR)
Director name: Mr Sunil Bharti Mittal
Amount purchased: 2,100 @ 2,425.00p
Value: £50,925

DP Poland (DPP)
Director name: Mr Chris Moore
Amount purchased: 250,000 @ 19.25p
Value: £48,125

Berkeley Mineral Resources (BMR)
Director name: Mr Masoud Alikhani
Amount purchased: 1,000,000 @ 2.70p
Value: £27,000

RSA Insurance Group (RSA)
Director name: Mr Hugh Mitchell
Amount purchased: 20,000 @ 123.78p
Value: £24,756

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 25,000 @ 98.20p
Value: £24,550

Invesco Perpetual UK Small Companies Inv Trust (IPU)
Director name: Mr Christopher Fletcher
Amount purchased: 10,450 @ 226.50p
Value: £23,669

London Mining (LOND)
Director name: Sir Nicholas Bonsor
Amount purchased: 15,300 @ 124.65p
Value: £19,071

easyJet (EZJ)
Director name: Ms Adèle Anderson
Amount purchased: 2,500 @ 738.38p
Value: £18,460

Berkeley Mineral Resources (BMR)
Director name: Mr Horacio Furman
Amount purchased: 518,518 @ 2.70p
Value: £14,000


Top Director Sells

Cairn Energy (CNE)
Director name: Sir Bill Gammell
Amount sold: 551,909 @ 263.26p
Value: £1,452,956

Lo-Q (LOQ)
Director name: Mr Leonard Sim
Amount sold: 100,000 @ 344.00p
Value: £344,000

Cairn Energy (CNE)
Director name: Sir Bill Gammell
Amount sold: 98,764 @ 263.26p
Value: £260,006

Enterprise Inns (ETI)
Director name: Mr Graham E (Ted) Tuppen
Amount sold: 100,000 @ 96.28p
Value: £96,280

Enterprise Inns (ETI)
Director name: Mr W Simon Townsend
Amount sold: 100,000 @ 96.28p
Value: £96,280

Northern Investors Co (NRI)
Director name: Mr John C Barnsley
Amount sold: 10,841 @ 335.00p
Value: £36,317

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