Dialight Chairman makes first sale since company listed

28th May 2012 15:59

The Chairman of Dialight, the LED lighting developer, has sold his first batch of shares in the company since the company was listed in 1993. Harry Tee, who made the sale in order to fund an existing financial commitment, earned 955p for each of the 425,000 shares, bagging himself total of £4,058,750. The company was keen to stress that despite the large transaction, Tee "remains a significant shareholder", holding 1,028,357 ordinary shares, equal to around 3.2% of the issued share capital of the company. The Chairman confirmed he has no intention to sell any more shares in the company in the near future. Investors didn't seem to be too bothered by the sale, with shares up 2.23% at 1,007p by late afternoon on Monday. Top Director BuysHome Retail Group (HOME) Director name: Mr Terry DuddyAmount purchased: 160,000 @ 76.87p Value: £122,992F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 165,000 @ 70.22p Value: £115,863North Atlantic Smaller Companies Inv Trust (NAS) Director name: Mr Christopher H B MillsAmount purchased: 10,000 @ 950.00p Value: £95,000CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 9,233 @ 600.00p Value: £55,398Ceres Media International (CMI) Director name: Mr Leslie C. BarberAmount purchased: 4,500,000 @ 1.00p Value: £45,000Ceres Media International (CMI) Director name: Mr Alexexander S. DowdeswellAmount purchased: 3,000,000 @ 1.00p Value: £30,000Mediterranean Oil & Gas (MOG) Director name: Mr Miles DonnellyAmount purchased: 400,000 @ 5.35p Value: £21,400HaiKe Chemical Group Ltd. (DI) (HAIK) Director name: Mr Zaizhong ZhangAmount purchased: 50,000 @ 29.50p Value: £14,750Mediterranean Oil & Gas (MOG) Director name: Mr Keith HenryAmount purchased: 250,000 @ 5.44p Value: £13,600Top Director SellsDialight (DIA) Director name: Mr Henry Leonard TeeAmount sold: 425,000 @ 955.00p Value: £4,058,750M Winkworth (WINK) Director name: Mr Simon AgaceAmount sold: 50,000 @ 85.00p Value: £42,500