Director dealing: Paddy Power co-founder cashes in some shares

14th Mar 2016 14:49

(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38 apiece. Now a senior non-executive on the board of the enlarged group, Kenny was a co-founder of Paddy Power in 1988 and was chief executive the Irish bookie from that point until 2002 and chairman from 2002 to 2003. He still holds 330,432 shares, making his stake worth over £30m. Last Thursday Corcoran sold £4.1m worth of his shares at 9,572.13p, but still has a 139,997-share stake that is worth roughly £12.9m. This followed the publishing of both group's last set of separate results earlier in the week after the merger was completed in February. As such, the results reflected 20%-plus revenue growth in both Paddy Power's annual performance to 31 December 2015, and Betfair's third quarter results to 31 January. Top Director BuysElectrocomponents (ECM)Director name: Egan ,David Amount purchased: 70,000 @ 238.00pValue: £166,600.01Regus (RGU)Director name: Pauly,FrancoisAmount purchased: 37,718 @ 292.00pValue: £110,136.56Worldpay Group (wi) (WPG)Director name: Oppenheimer,DeannaAmount purchased: 30,000 @ 280.75pValue: £84,224.58Fdm Group (holdings) (FDM)Director name: Martin,IvanAmount purchased: 8,000 @ 500.00pValue: £40,000.00Kromek Group (KMK)Director name: Kinet,Lawrence Henry NeilAmount purchased: 120,000 @ 32.25pValue: £38,700.00Purecircle Limited (di) (PURE)Director name: Malsagov,MagometAmount purchased: 10,000 @ 380.00pValue: £38,000.00Purecircle Limited (di) (PURE)Director name: Mitchell,WilliamAmount purchased: 10,000 @ 380.00pValue: £38,000.00Lakehouse (LAKE)Director name: Simpson,JeremyAmount purchased: 70,990 @ 50.04pValue: £35,523.40Stock Spirits Group (STCK)Director name: Stachowicz,MiroslawAmount purchased: 16,970 @ 147.40pValue: £25,013.78Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 40,000 @ 14.70pValue: £5,880.00Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 25,000 @ 14.40pValue: £3,600.00Falcon Acquisitions (FAL)Director name: Gustafson,MarkAmount purchased: 25,000 @ 14.00pValue: £3,500.00Jarvis Securities (JIM)Director name: Head ,Jolyon Christopher Amount purchased: 882 @ 339.55pValue: £2,994.83Mortgage Advice Bureau (holdings) (MAB1)Director name: Tilley,LucyAmount purchased: 92 @ 330.00pValue: £303.60Oxford Instruments (OXIG)Director name: Flint,David (Jonathan)Amount purchased: 39 @ 699.25pValue: £272.71Securities Trust Of Scotland (STS)Director name: Donaldson,Michael NeilAmount purchased: 186 @ 130.81pValue: £243.31Zotefoams (ZTF)Director name: Hurst,Clifford GAmount purchased: 53 @ 288.00pValue: £152.64Zotefoams (ZTF)Director name: Stirling,DavidAmount purchased: 53 @ 288.00pValue: £152.64Oxford Instruments (OXIG)Director name: Boyd,KevinAmount purchased: 21 @ 699.25pValue: £146.84Mitchells & Butlers (MAB)Director name: Jones,Timothy (Tim) CharlesAmount purchased: 52 @ 268.35pValue: £139.54Kcom Group (KCOM)Director name: Simpson,PaulAmount purchased: 110 @ 113.00pValue: £124.30Top Director SellsPaddy Power Betfair (PPB)Director name: Kenny,StewartAmount purchased: 27,000 @ € 120.38Value: € 2,590,880.77Lakehouse (LAKE)Director name: Simpson,JeremyAmount purchased: 71,430 @ 50.00pValue: £35,715.00