Director dealings: Evraz top brass take some profits from steel rebound

3rd Jan 2017 16:25

(ShareCast News) - Evraz chairman Alexander Abramov and chief executive Alexander Frolov have together sold over £10m worth of stock in the steel and mining company.Ambramov sold 3.2m shares at a price of 220.89p apiece to bank more than £7.1m, while Frolov offloaded 1.6m shares at the same price to pocket £3.6m.Company founder and former CEO Abramov still has 21.38% of the company's shares, while Frolov, Evraz's former finance director who has held the tiller since 2007, still owns 10.68% of the company's shares.Last month, Evraz shares hit their highest level in over three and a half years, as Euro steel prices have been driven higher by more aggressive trade policy, pending consolidation catalysts and the push from raw materials costs.The last update from the company was its third-quarter production report in October, which showed consolidated crude steel output increased by 6.3% and output of steel products, net of re-rolled volumes, up by 5.6%.Back in August at the company's interim results, Frolov said structural overcapacity remained a challenge for the steel industry and that the company would continue to pursue its cost-cutting initiatives and focus on net debt reduction and refinancing.Top Director BuysAdvanced Oncotherapy (AVO)Director name: Vanni ,Enrico CiproAmount purchased: 25,000 @ 87.00pValue: £21,750.00Itv (ITV)Director name: Bazalgette,PeterAmount purchased: 10,638 @ 204.11pValue: £21,713.22Itv (ITV)Director name: Haste,Andrew KAmount purchased: 1,822 @ 204.11pValue: £3,718.88Itv (ITV)Director name: Ormerod,JohnAmount purchased: 1,645 @ 204.11pValue: £3,357.61Itv (ITV)Director name: Faxon,RogerAmount purchased: 1,500 @ 203.83pValue: £3,057.45Itv (ITV)Director name: Harris,MaryAmount purchased: 1,262 @ 204.11pValue: £2,575.87Centrica (CNA)Director name: Pusey,Stephen Amount purchased: 1,009 @ 231.50pValue: £2,335.84Itv (ITV)Director name: Manz,Anna Amount purchased: 1,096 @ 204.11pValue: £2,237.05Centrica (CNA)Director name: Valle,Margherita D.Amount purchased: 859 @ 231.50pValue: £1,988.59Personal Group Holdings (PGH)Director name: Rooney,Ken WAmount purchased: 304 @ 370.00pValue: £1,124.80Personal Group Holdings (PGH)Director name: Dugdale,Mike Amount purchased: 281 @ 370.00pValue: £1,039.70Personal Group Holdings (PGH)Director name: Scanlon,Mark Amount purchased: 269 @ 370.00pValue: £995.30Personal Group Holdings (PGH)Director name: Walker,DavidAmount purchased: 191 @ 370.00pValue: £706.70Spirent Communications (SPT)Director name: Hutchinson,Eric GAmount purchased: 256 @ 97.50pValue: £249.60Personal Group Holdings (PGH)Director name: Doody,Ashley Amount purchased: 20 @ 370.00pValue: £74.00Top Director SellsEvraz (EVR)Director name: Abramov,Alexander Amount sold: 3,232,718 @ 220.89pValue: £7,140,750.71Evraz (EVR)Director name: Frolov,AlexanderAmount sold: 1,613,935 @ 220.89pValue: £3,565,020.98