Berkeley directors trade in vested shares

31st Jan 2014 15:49

Three directors of Berkeley Group have sold a collective 65.29m pounds-worth of shares in the housebuilder after they vested under the group's long-term incentive plan. A statement from the company said the proceeds were used principally to enable them to meet the tax, national insurance and costs associated with the vesting of the awards. Chairman and co-founder, Anthony Pidgley made the largest of the sales, generating £39.12m in exchange for 1.5m shares. Group Managing Director Rob Perrins raised £17.45m from the disposal of 676,696 shares, while Greg Fry, a Divisional Executive Director, sold 337,798 shares for a total trade value of £8.7m. The directors retained 1.18m, 0.33m, and 1.67m of the vested shares, respectively. Top Director BuysRM2 International S.A. (DI) (RM2) Director name: Mr R. Ian MolsonAmount purchased: 225,000 @ 79.00p Value: £177,750Edinburgh Inv Trust (EDIN) Director name: Mr Jim PettigrewAmount purchased: 25,000 @ 580.00p Value: £145,000Edinburgh Inv Trust (EDIN) Director name: Mrs Victoria (Vicky) HastingsAmount purchased: 5,000 @ 583.73p Value: £29,186Top Director SellsBerkeley Group Holdings (The) (BKG) Director name: Mr Anthony W PidgleyAmount sold: 1,514,392 @ 2,583.00p Value: £39,116,745Berkeley Group Holdings (The) (BKG) Director name: Mr Robert C G PerrinsAmount sold: 675,596 @ 2,583.00p Value: £17,450,645Berkeley Group Holdings (The) (BKG) Director name: Mr Gregory J FryAmount sold: 337,798 @ 2,583.00p Value: £8,725,322Mattioli Woods (MTW) Director name: Mr Robert WoodsAmount sold: 100,000 @ 415.00p Value: £415,000Anpario (ANP) Director name: Mr Richard Stanley RoseAmount sold: 20,000 @ 290.00p Value: £58,000NR