Director dealings: GB's outgoing CEO sells £2.2m of shares

28th Jul 2016 16:22

(ShareCast News) - GB Group chief executive Richard Law sold £2.2m worth of shares, the security and identity data group revealed in a statement overnight, as he prepares to step down from the board.Law and his wife, who remain the largest non-institutional shareholders in the company, sold 750,000 shares at a price of 293p apiece but pledged not to sell further shares in the near future.After the sale, the Laws still hold 1.3m shares, representing almost 1% of the total, plus options over a maximum of 900,978 ordinary shares.The company's annual shareholder meeting on Tuesday confirmed that trading had been in-line with expectations in the year to date and that the search for a new CEO was is progressing well, such that the board hopes to announced a new appointment around time of half year results.Chairman David Rasche said the online identity intelligence market continued to grow, driven by the continued move online around the world, increasing cross-border ecommerce, the rise in fraud and tougher compliance regulation for our clients in areas such as age verification, anti-money laundering and the right to work.Top Director BuysAbbott Laboratories (ABT)Director name: White,Miles DAmount purchased: 731,500 @ $43.23Value: $31,622,772.57Hammerson (HMSO)Director name: Formica,AndrewAmount purchased: 7,000 @ 555.43pValue: £38,879.96Ig Design Group (IGR)Director name: Bond ,Elaine Amount purchased: 15,816 @ 190.00pValue: £30,050.40Tungsten Corporation (TUNG)Director name: Hurwitz,Richard MAmount purchased: 50,000 @ 43.50pValue: £21,750.00Bca Marketplace (BCA)Director name: Palmer-Baunack,AvrilAmount purchased: 11,028 @ 181.20pValue: £19,982.74Adept4 (AD4)Director name: Duckworth,Simon D'OlierAmount purchased: 200,000 @ 7.00pValue: £14,000.00French Connection Group (FCCN)Director name: Angelides,C EAmount purchased: 25,000 @ 37.00pValue: £9,250.00Ashley House (ASH)Director name: Holmes,JonathanAmount purchased: 16,626 @ 8.12pValue: £1,350.03Top Director Sells3i Group (III)Director name: Wilson,JuliaAmount sold after share award: 54,340 @ 621.10pValue: £337,505.74