LONDON (ShareCast) - Darren Throop, Chief Executive Officer of Entertainment One, has sold four rounds of shares in the international entertainment company, reducing his stake by a total of 785,789 shares to 8.4m.

While 69,239 shares were traded in at 239.2p each, the remainder were sold for 241.1p, earning Throop a total of £1.89m over a period of seven days.

The sales come after the FTSE 250-listed group in November revealed it had more than doubled its earnings in the first half, thanks to strong acquisition-fuelled growth in its film distribution business.

The acquisitive Canadian film and TV distributor bought rival Alliance Films from owner Goldman Sachs in January, which greatly helped increase its content library and drove “significant” revenue growth in the film division, lifting group turnover 65% to £364.5m.

The purchase of Alliance and more than doubling its investment in content rights has grown the film, television and music content library by 70% to $650m in the period, with further investment expected in the second half.

Speaking at the announcement of the results, Throop said he looked forward to a positive second half of the year in line with management expectations, with the film division set for another strong slate of releases and television on track to deliver a year-on-year increase in the volume of programming.


Top Director Buys

Utilitywise (UTW)
Director name: Mr Jeremy Middleton
Amount purchased: 119,050 @ 212.00p
Value: £252,386

JPMorgan Global Markets Emerging Income Trust (JEMI)
Director name: Mr Richard Robinson
Amount purchased: 20,550 @ 119.02p
Value: £24,459

Ariana Resources (AAU)
Director name: Mr William Payne
Amount purchased: 1,000,000 @ 1.18p
Value: £11,800

Ariana Resources (AAU)
Director name: Mr Michael de Villiers
Amount purchased: 950,000 @ 1.15p
Value: £10,925

WYG (WYG)
Director name: Mr Paul Hamer
Amount purchased: 9,788 @ 109.00p
Value: £10,669


Top Director Sells

Entertainment One Limited (ETO)
Director name: Mr Darren Dennis Throop
Amount sold: 517,302 @ 241.10p
Value: £1,247,215

Xaar (XAR)
Director name: Mr Ian Dinwoodie
Amount sold: 89,573 @ 986.60p
Value: £883,727

Xaar (XAR)
Director name: Mr Ramon Borrell
Amount sold: 56,872 @ 986.60p
Value: £561,099

Entertainment One Limited (ETO)
Director name: Mr Darren Dennis Throop
Amount sold: 175,000 @ 241.10p
Value: £421,925

Entertainment One Limited (ETO)
Director name: Mr Darren Dennis Throop
Amount sold: 69,239 @ 239.20p
Value: £165,620

Entertainment One Limited (ETO)
Director name: Mr Darren Dennis Throop
Amount sold: 24,248 @ 241.10p
Value: £58,462


NR

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