Carpetright Chairman trades in 416,500 shares

17th Oct 2013 16:32

Lord Harris of Peckham, the Executive Chairman of Carpetright, this week reduced his stake in the flooring specialist with the sale of 416,500 shares. The sale was made through his company Harris Ventures, which is also connected with Martin Harris, Carpetright's Group Development Director. Harris Ventures disposed of the shares at 649.06p each, for a total trade value of £2.7m. Lord Harris, who explained that the sale is for personal wealth management reasons, now owns 11.92m shares, equal to a 17.64% stake in the company. The director, who has been with the retailer for 56 years, only became Executive Chairman at the start of this month, and previously held the role of Chief Executive before stepping down in May last year. The sale was made just two weeks after the company revealed its full-year profit would be "significantly" below its previous expectations, hit by volatile UK trading, a decline in sales, and extremely difficult economic conditions in the Netherlands. Top Director BuysRedrow (RDW) Director name: Mr Andrew Nicholas Hewson Amount purchased: 7,750 @ 255.19p Value: £19,777Cello Group (CLL) Director name: Mr Mark BentleyAmount purchased: 17,724 @ 62.00p Value: £10,989Top Director SellsCarpetright (CPR) Director name: Mr Martin HarrisAmount sold: 416,500 @ 649.06p Value: £2,703,335Carpetright (CPR) Director name: Mr Lord Philip Harris of PeckhamAmount sold: 416,500 @ 649.06p Value: £2,703,335Tasty (TAST) Director name: Mr Daniel Jonathan PlantAmount sold: 511,391 @ 100.00p Value: £511,391Goodwin Plc (GDWN) Director name: Mr Richard S GoodwinAmount sold: 9,000 @ 3,708.00p Value: £333,720Goodwin Plc (GDWN) Director name: Mr John W GoodwinAmount sold: 9,000 @ 3,708.00p Value: £333,720Tasty (TAST) Director name: Mr Adam KayeAmount sold: 332,230 @ 100.00p Value: £332,230Tasty (TAST) Director name: Mr Samuel KayeAmount sold: 332,230 @ 100.00p Value: £332,230Dairy Farm International Holdings Ltd. (Singapore) (DFI) Director name: Mr Michael KokAmount sold: 28,800 @ $10.81 Value: $311,363Bunzl (BNZL) Director name: Mr Brian MayAmount sold: 19,343 @ 1,324.00p Value: £256,101Tasty (TAST) Director name: Mr Keith LassmanAmount sold: 163,910 @ 100.00p Value: £163,910NR