LONDON (ShareCast) - James Wilson, the Chief Financial Officer (CFO) of drinks giant SABMiller benefitted from the recent surge in the group’s share price following the group’s first-half results yesterday.

The company said today that Wilson had on Thursday exercised options to buy 13,000 shares at an option price of 1,250p per share and a further 13,000 at an option price of 1,231p per share.

He then sold the 26,000 shares at a price of 2,789.25p per share.

The stock closed Thursday’s session at 2,801p, up 6.3% on the day, following the release of its interim figures which beat consensus forecasts for revenue, profit and margins.

Credit Suisse reiterated its 'outperform' rating on the shares this morning, saying that while the stock is trading at a 6% premium to the wider consumer staples sector, it believes it can "re-establish a c10% premium rating".


Top Director Buys

Investec (INVP)
Director name: Mr Bernard Kantor
Amount purchased: 200,000 @ 381.11p
Value: £762,220

Edinburgh Worldwide Inv Trust (EWI)
Director name: Mr David E Reid
Amount purchased: 40,000 @ 282.00p
Value: £112,800

Grainger (GRI)
Director name: Mr Mark Greenwood
Amount purchased: 20,000 @ 114.36p
Value: £22,872


Top Director Sells

SABMiller (SAB)
Director name: Mr James Wilson
Amount sold: 26,000 @ 2,789.25p
Value: £725,205

Xstrata (XTA)
Director name: Mr David Rough
Amount sold: 10,250 @ 1,022.00p
Value: £104,755

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