Ashtead directors sell vested shares

29th Jul 2014 16:30

Four directors, including the Chief Executive, at industrial rental group Ashtead Group on Monday sold a total of 826,682 following their vesting the same day. Company Chief Geoff Drabble traded in 406,176 shares, which were awarded in 2011 under the group's performance share plan. With a disposal price of 934p the sale generated £3.79m. Finance Director Suzanne Wood earned £1.95m after trading in 208,805 shares at the same price. Divisional Chief Executives Brendan Horgan and Sat Dhaiwal sold 163,049 and 130,641 shares, respectively. It comes a month after the group reported that profits had flown higher than record levels in the year to April 30th, helping earnings beat expectations comfortably. The UK-headquartered company, whose larger US business is seen as a play on the slow-burning US non-residential construction recovery, lifted underlying revenues 24% to £1.48bn and earnings before interest, tax, depreciation and amortisation (EBITDA) 34% to £685.1m. Top Director BuysIntelligent Energy Holdings (IEH) Director name: Mr John MaguireAmount purchased: 21,574 @ 231.75p Value: £49,998Vodafone Group (VOD) Director name: Mr Omid KordestaniAmount purchased: 10,000 @ 202.17p Value: £20,217Witan Pacific Inv Trust (WPC) Director name: Mr Andrew Stephen RobsonAmount purchased: 5,000 @ 230.00p Value: £11,500Top Director SellsAshtead Group (AHT) Director name: Mr Geoffrey DrabbleAmount sold: 406,176 @ 934.00p Value: £3,793,684Ashtead Group (AHT) Director name: Ms Suzanne Wood Amount sold: 208,805 @ 934.00p Value: £1,950,239Ashtead Group (AHT) Director name: Mr Brendan HorganAmount sold: 163,049 @ 934.00p Value: £1,522,878Ashtead Group (AHT) Director name: Mr Sat DhaiwalAmount sold: 130,641 @ 934.00p Value: £1,220,187De La Rue (DLAR) Director name: Mr Colin ChildAmount sold: 50,978 @ 748.28p Value: £381,458Bullabulling Gold Limited (DI) (BGL) Director name: Mr Peter John Mansell Amount sold: 1,625,000 @ 4.43p Value: £71,988Bullabulling Gold Limited (DI) (BGL) Director name: Mr Ronald Hugh BeevorAmount sold: 709,552 @ 4.43p Value: £31,433NR