LONDON (ShareCast) - Bob Holt, Chairman of Mears, a social housing maintenance firm, has exercised share options for over 1,500,000 ordinary shares and subsequently sold two million shares - his entire holding of ordinary shares in the firm.

He sold the shares for 250p each for a total of £0.5m.

56-year-old Holt has retained an interest in share options under the Special Incentive Plan over one million ordinary shares.

The company announced earlier this week that it had beat profit forecasts for 2011 as it sought to grow its care homes business.

Turnover came in at £589m slightly below the consensus forecast of £598m but still 12% ahead of 2010.

Profits before tax beat expectations, totalling £31.5m versus a forecast of £31.2m. The figure was 9% up on 2010.

Mears also says it has booked revenues equivalent to 94% of the consensus forecast for 2012 and 80% of 2013’s expected turnover.

The share price dropped 2.75% to 248.00p on Friday.


Top Director Buys

Caledonia Investments (CLDN)
Director name: Major William Wyatt
Amount purchased: 4,000 @ 1,536.50p
Value: £61,460

Kingfisher (KGF)
Director name: Mr Mark Seligman
Amount purchased: 15,000 @ 296.10p
Value: £44,415

Interior Services Group (ISG)
Director name: Mr Richard Whittington
Amount purchased: 29,000 @ 135.00p
Value: £39,150

SABMiller (SAB)
Director name: Mr Geoffrey Bible
Amount purchased: 1,350 @ 2,608.83p
Value: £35,219

HaloSource Inc. (Reg S) (HAL)
Director name: Mr Martin Coles
Amount purchased: 130,000 @ 22.50p
Value: £29,250

Energy Assets Group (EAS)
Director name: Dr Christopher Masters
Amount purchased: 10,000 @ 199.00p
Value: £19,900

Renew Holdings (RNWH)
Director name: Mr David Malcolm Forbes
Amount purchased: 20,000 @ 73.40p
Value: £14,680

Energy Assets Group (EAS)
Director name: Mr David MacFarlane
Amount purchased: 7,000 @ 202.90p
Value: £14,203

SABMiller (SAB)
Director name: Mr John A Manzoni
Amount purchased: 543 @ 2,562.06p
Value: £13,912

Energy Assets Group (EAS)
Director name: Mr Russell Gibson
Amount purchased: 5,000 @ 200.30p
Value: £10,015


Top Director Sells

Mears Group (MER)
Director name: Mr Robert (Bob) Holt
Amount sold: 200,000 @ 250.00p
Value: £500,000

Wolfson Microelectronics (WLF)
Director name: Mr Mike Hickey
Amount sold: 29,496 @ 179.64p
Value: £52,987

Wolfson Microelectronics (WLF)
Director name: Mr Mark Cubitt
Amount sold: 19,853 @ 179.64p
Value: £35,664

Beazley (BEZ)
Director name: Mr Adrian Cox
Amount sold: 23,869 @ 142.30p
Value: £33,966

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