LONDON (ShareCast) - Michael Jackson, the Chairman of Advanced Computer Software Group, this week reduced his stake in the company with the sale of one million shares.

The company, which provides healthcare and business management software and services, said in a statement that the shares were traded in across three transactions, generating a total of just under £1.1m.

On Monday, Jackson disposed of 300,000 shares at 112.152p a piece, then on Tuesday he sold 212,312 at 109.38p along with a further 487,688 at 108.3p.

His stake in the company was reduced to 1.42m, equal to 0.3% of the issued share capital.

The announcement was made one day after the company announced it had acquired Compass Computer Consultants, a UK higher education software provider, for a total cash consideration of £14.5m.

The business will be integrated into Advanced Computer Softwares' Business Solutions division.


Top Director Buys

Lombard Risk Management (LRM)
Director name: Mr John McCormick
Amount purchased: 3,835,000 @ 13.00p
Value: £498,550

Nasstar (NASA)
Director name: Mr Nick Bate
Amount purchased: 750,000 @ 6.50p
Value: £48,750

Diageo (DGE)
Director name: Mr Ivan Menezes
Amount purchased: 835 @ 1,457.05p
Value: £12,166

Chaarat Gold Holdings Ltd. (DI) (CGH)
Director name: Mr Richard Rae
Amount purchased: 200,000 @ 9.70p
Value: £19,400

Manchester & London Investment Trust (MNL)
Director name: Mr Mark Sheppard
Amount purchased: 4,480 @ 265.50p
Value: £11,894


Top Director Sells

Advanced Computer Software Group (ASW)
Director name: Mr Michael Jackson
Amount sold: 487,688 @ 108.30p
Value: £528,166

Advanced Computer Software Group (ASW)
Director name: Mr Michael Jackson
Amount sold: 300,000 @ 112.15p
Value: £336,450

Advanced Computer Software Group (ASW)
Director name: Mr Michael Jackson
Amount sold: 212,312 @ 109.38p
Value: £232,227

Lombard Risk Management (LRM)
Director name: Mr John Wisbey
Amount sold: 1,567,500 @ 13.00p
Value: £203,775

Fenner (FENR)
Director name: Mrs Debra Bradbury
Amount sold: 10,339 @ 411.00p
Value: £42,493

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE