Director dealings: Bodycote's outgoing FD halves stake before ex-div date

7th Apr 2016 15:56

(ShareCast News) - Bodycote's outgoing finance director David Lawless has sold half his shares in the metal heat treatment group. Lawless, who has been at the company since 1999 and is moving into a non-executive portfolio career, made almost £370,000 after selling 62,000 shares at 594.18p apiece.He made the sale just after shares in Bodycote recent hit a six-month high, but maintained a modicum of loyalty by holding onto 63,203 shares.Surprisingly Lawless is selling half his stake just a few weeks before the 22 April ex-dividend date, with the company due to pay a final ordinary dividend of 10.3p and a further special dividend of 10p, both of which will be paid on 3 JuneTop Director BuysFinsbury Growth & Income Trust (FGT)Director name: Allard,JohnAmount purchased: 215 @ 603.70pValue: £1,297.96Finsbury Growth & Income Trust (FGT)Director name: Allard,JohnAmount purchased: 88 @ 603.70pValue: £531.26Top Director SellsBodycote (BOY)Director name: Landless,David FAmount sold: 62,000 @ 594.18pValue: £368,388.50Digital Globe Services Ltd (di) (DGS)Director name: Watson,AnthonyAmount sold: 33,416 @ 85.00pValue: £28,403.60Blackrock Frontiers Investment Trust (BRFI)Director name: Ruddick,LynnAmount sold: 15,826 @ 103.75pValue: £16,419.48