Cranswick newly departed CEO sells shares post-exercise

6th Aug 2012 16:05

Bernard Hoggarth, the now former Chief Executive Officer of Cranswick, sold all of the 30,2225 shares he exercised under the company's long term incentive plan, just two days after he signed off from the FTSE 250 food producer. Hoggarth, who will stay on as Commercial Director on a part-time basis, sold the shares at 850.98p each for a total of £257,209. Hoggarth's role as CEO came to an end on a positive note, with the firm reporting a solid start to its new financial year. Trading since April 1st has been in line with expectations, with all product categories delivering robust growth, especially sausage, bacon and continental products. Sales for the three months to 30th June increased by 7.4% versus the second quarter of last year to £209m. The share price was down slightly on Monday, but is up 35%, equal to 222.50p, over the past year. Top Director BuysAvocet Mining (AVM) Director name: Mr David CatherAmount purchased: 50,000 @ 89.00p Value: £44,500ILX Group (ILX) Director name: Mr Ken ScottAmount purchased: 400,000 @ 10.00p Value: £40,000Top Director SellsHowden Joinery Group (HWDN) Director name: Mr Matthew IngleAmount sold: 1,431,486 @ 137.00p Value: £1,961,136UBM (UBM) Director name: Mr David LevinAmount sold: 50,000 @ 649.51p Value: £324,755Cranswick (CWK) Director name: Mr Bernard HoggarthAmount sold: 30,225 @ 850.98p Value: £257,209Morgan Crucible Co (MGCR) Director name: Mr Mark RobertshawAmount sold: 86,796 @ 252.41p Value: £219,082NR