LONDON (ShareCast) - Neil Stothard, the Managing Director of equipment rental firm VP, made nearly half a million pounds through the partial sale of shares awarded under the group’s long-term incentive plan (LTIP), taking advantage of a strong surge in the stock over the last year.
Stothard, who has been on the board since 1997, exercised 175,935 LTIP shares on Monday and subsequently sold 82,689 of them at a price of 559.5p each for a total of £462,645.
The remaining shares boosted his stake to 776,116, equal to a 1.93% stake in VP.
The transaction came three weeks after the firm impressed the market with its half-yearly results, as it reported a 17% jump in first-half profits on revenues which rose 9%.
The stock is currently trading at an all-time high, up 82% since the start of the year.
Top Director Buys
Medgenics Inc. (Reg S) (MEDG)
Director name: Sol J. Barer
Amount purchased: 20,000 @ 329.52p
Value: £65,906
Micro Focus International (MCRO)
Director name: Mr Kevin Loosemore
Amount purchased: 7,950 @ 778.50p
Value: £61,891
Planet Payment Inc. (PPT)
Director name: Mr Carl Joseph Williams
Amount purchased: 25,000 @ 142.95p
Value: £35,737
Arcontech Group (ARC)
Director name: Mr Richard Last
Amount purchased: 51,000,000 @ 0.11p
Value: £56,100
London Mining (LOND)
Director name: Mr Michael Miles
Amount purchased: 50,000 @ 102.33p
Value: £51,165
Arcontech Group (ARC)
Director name: Mr Matthew Jeffs
Amount purchased: 19,000,000 @ 0.11p
Value: £20,900
BG Group (BG.)
Director name: Mr Patrick W. Thomas
Amount purchased: 995 @ 1,221.40p
Value: £12,153
Avingtrans (AVG)
Director name: Mr Stephen King
Amount purchased: 8,052 @ 145.00p
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BG Group (BG.)
Director name: Mr Haw-Kuang Lim
Amount purchased: 899 @ 1,221.40p
Value: £10,980
BC
Top Director Sells
VP (VP.)
Director name: Mr Neil A Stothard
Amount sold: 82,689 @ 559.50p
Value: £462,645
BC
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