LONDON (ShareCast) - The Finance Director of technical plastics products supplier Carclo made 57,077 pounds from the sale of a portion of shares received under the firm’s bonus programme.

Half of the shares conditionally awarded to Robert Brooksbank in July 2010 under the Performance Share Plan 2007 vested last week. These were based on a total shareholder return (TSR) performance target, while the other half is based on earning per share targets.

Brooksbank received 34,500 shares but sold off 16,215 at a price of 352p to cover the “attended tax liability”, the company said.

He retained 18,285, boosting his stake to 196,055 shares, equal to 0.3% of the company.

The company, with a market capitalisation of around £240m, generates a wide variety of products for the medical, optical, electronics, aerospace and lighting industries.

As of Monday, the stock had fallen by 27% over the past six months.



Top Director Buys

C&C Group (CCR)
Director name: Mr Joris Brams
Amount purchased: 8,000 @ € 4.80
Value: € 38,408


Top Director Sells

Carclo (CAR)
Director name: Mr Robert James Brooksbank
Amount sold: 16,215 @ 352.00p
Value: £57,077

BC

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