Director dealings: Kaz Minerals CEO exercises nil-cost options, offloads 242,098 shares

4th Mar 2019 14:39

(Sharecast News) - Kaz Minerals chief executive Andrew Southam disposed of 242,098 ordinary shares in the FTSE 250-listed copper company on Monday.The Kazakhstan-focussed company's chief executive exercised options over 705,419 nil-cost options awarded as part of its deferred share bonus plan and its long-term incentive plan.Southam, who has been at Kaz's helm since May 2013, then sold a portion of the shares at an average price of 664.53p each, for a total value of £1.60m.In February, Kaz Minerals reported a rise in annual profits thanks to increased revenues driven by higher copper production from the FTSE 250 listed company's portfolio of low-cost open-pit mines.As of 1620 Kaz shares had slipped 0.46% to 659p.Top Director BuysFIH Group (FIH)Director name: Mr Robert J (Bob) JohnstonAmount purchased: 37,500 @ 280.00pValue: £105,000 Metro Bank (MTRO)Director name: Mr Craig DonaldsonAmount purchased: 11,100 @ 903.23pValue: £100,259 JPMorgan Mid Cap Inv Trust (JMF)Director name: Mr Michael HughesAmount purchased: 4,500 @ 1,051.80pValue: £47,331 Hochschild Mining (HOC)Director name: Mr Sanjay SarmaAmount purchased: 15,000 @ 196.19pValue: £29,428 Bank of Ireland Group (BIRG)Director name: Ms Evelyn BourkeAmount purchased: 4,100 @ 5.56Value: 22,783 Top Director SellsKaz Minerals (KAZ)Director name: Mr Andrew SouthamAmount sold: 242,098 @ 664.53pValue: £1,608,814 Jupiter Fund Management (JUP)Director name: Mr Charlotte JonesAmount sold: 23,387 @ 361.00pValue: £84,427 Jupiter Fund Management (JUP)Director name: Mr Charlotte JonesAmount sold: 19,202 @ 361.00pValue: £69,319