LONDON (ShareCast) - The Chief Executive Officer and Finance Director of Sports Direct, the High Street sports retailer, sold off their entire holdings in the firm this week following a strong share-price performance over the last year.

David Forsey and Robert Mellor both offloaded their remaining 803,922 shares each in the company on Wednesday at a price of 425p. The sales, worth £3.4m to each executive, mean that neither now own a stake in the company.

The moves follow an impressive 50% jump in the stock over the last 12 months on the back of a strong sales performance in the 2012/2013 financial year.

Sports Direct reported last month that sales over its third quarter, which covers the key Christmas period for retailers, increased by 21.1% and that it is on track to hit its full-year profit targets.

The firm recently bought Republic, the High Street fashion chain that went into administration earlier this year.

The acquisition safeguarded 2,100 jobs through the purchase of Republic's 114 stores, its head office in Leeds and associated websites.


Top Director Buys

HydroDec Group (HYR)
Director name: Mr Andrew Black
Amount purchased: 2,000,000 @ 11.00p
Value: £220,000

Staffline Group (STAF)
Director name: Mr Andy Hogarth
Amount purchased: 50,000 @ 392.00p
Value: £196,000

Vesuvius (VSVS)
Director name: Mr John McDonough
Amount purchased: 50,000 @ 355.24p
Value: £177,620

British American Tobacco (BATS)
Director name: Ms Ann Godbehere
Amount purchased: 2,430 @ 3,509.59p
Value: £85,283

Brewin Dolphin Holdings (BRW)
Director name: Mr David Richardson Nicol
Amount purchased: 30,000 @ 209.50p
Value: £62,850

Catlin Group Ltd. (CGL)
Director name: Ms Fiona Luck
Amount purchased: 5,000 @ 518.36p
Value: £25,918

Mission Marketing Group (TMMG)
Director name: Mr Chris Goodwin
Amount purchased: 60,000 @ 34.00p
Value: £20,400

3Legs Resources (3LEG)
Director name: Mr Roderick W. Perry
Amount purchased: 50,000 @ 34.00p
Value: £17,000

3Legs Resources (3LEG)
Director name: Mr Tim J C Eggar
Amount purchased: 50,000 @ 34.00p
Value: £17,000

Forte Energy NL (FTE)
Director name: Mr Mark Reilly
Amount purchased: 768,040 @ 1.19p
Value: £9,140


Top Director Sells

Sports Direct International (SPD)
Director name: Mr Dave Forsey
Amount sold: 803,922 @ 425.00p
Value: £3,416,668

Sports Direct International (SPD)
Director name: Mr Bob Mellors
Amount sold: 803,922 @ 425.00p
Value: £3,416,668

Wood Group (John) (WG.)
Director name: Mr Allister G Langlands
Amount sold: 149,633 @ 865.00p
Value: £1,294,325

Staffline Group (STAF)
Director name: Mr Tim Jackson
Amount sold: 50,000 @ 392.00p
Value: £196,000

COLT Group SA (COLT)
Director name: Mr Rakesh Bhasin
Amount sold: 84,490 @ 125.40p
Value: £105,950

G4S (GFS)
Director name: Mr Grahame Gibson
Amount sold: 18,840 @ 287.40p
Value: £54,146

Abbey Protection (ABB)
Director name: Mr Adrian Green
Amount sold: 26,500 @ 113.25p
Value: £30,011

BC

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