LONDON (ShareCast) - Geoff Wild, who has occupied the role Chief Executive Officer at speciality chemicals producer AZ Electronic Materials since January 2010, dumped 46,000 shares in the firm one week after the firm reported a robust performance during a tough first quarter.
Wild, 55, disposed of the shares at 322.4048p each, reducing his stake in the company to 845,749 shares, equivalent to just 0.002%.
The sale, which earned the director around £0.15m, was made on May 3rd, six days after the company posted a 4% year-on-year dip in first quarter revenue from $192.3m to $184m.
However, judging by the group's statement, things started to look up in April and assuming there is no adverse change in the consumer and trading environment, management expects sequential quarterly growth throughout 2012, while expectations for the full year were unchanged.
In the past year the stock has gained 38.70p, equivalent to almost 14%.
Top Director Buys
HydroDec Group (HYR)
Director name: Mr Andrew Black
Amount purchased: 3,000,000 @ 10.75p
Value: £322,500
Sirius Minerals (SXX)
Director name: Mr Christopher N Fraser
Amount purchased: 500,000 @ 18.48p
Value: £92,400
Edinburgh Worldwide Inv Trust (EWI)
Director name: Mr Henry Strutt
Amount purchased: 25,000 @ 288.12p
Value: £72,030
Aberforth Smaller Companies Trust (ASL)
Director name: Mr Paul Marsh
Amount purchased: 8,000 @ 635.08p
Value: £50,806
Bank of America Corp. (BAC)
Director name: Mr Donald E. Powell
Amount purchased: 5,000 @ $13.03
Value: $65,134
Edinburgh Worldwide Inv Trust (EWI)
Director name: Mr Henry Strutt
Amount purchased: 10,500 @ 288.00p
Value: £30,240
Trakm8 Holdings (TRAK)
Director name: Mr John Ferris Watkins
Amount purchased: 200,000 @ 6.00p
Value: £12,000
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Director name: Mr Robert Andrew Day
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Top Director Sells
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Director name: Mr Harold Mitchell
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Director name: Mr Roy Burton
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Value: £622,937
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Director name: Mr Harold Mitchell
Amount sold: 225,601 @ 179.50p
Value: £404,954
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