Director dealings: Safecharge CEO cashes in £13m in Wednesday share sale

26th Sep 2018 15:44

(Sharecast News) - Safecharge International chief executive David Avgi sold 3,995,185 ordinary shares in the AIM-listed payments technology company on Wednesday.Avgi, who took over as CEO back in 2007, disposed of the shares at an average price of 325p each, for a total value of £12.98m.Following the transaction, Avgi maintained an interest in 3,374,111 ordinary shares in the company, equivalent to 2.2% of Safecharge's total number of shares.In a brief update for the first six months of its trading year, SafeCharge hailed a solid first-half on the back of new client wins and strong trading, with good momentum in revenues and transaction processing volumes.Back in July, the group said it had continued to invest in new salespeople and additional marketing to bring in new customers and generate a greater awareness of its capabilities outside its traditional markets and verticals."With robust current trading and strong sales pipeline, the board remains confident that the outcome for the year will be in line with market expectations."As of 1620 BST, Safecharge shares had picked up 2.04% to 325p.Top Director BuysThomas Cook Group (TCG)Director name: Meysman,FrankAmount purchased: 100,000 @ 60.12pValue: £60,120.00Smiths Group (SMIN)Director name: Tata ,Noel NavalAmount purchased: 2,000 @ 1,498.00pValue: £29,960.00Thomas Cook Group (TCG)Director name: Meysman,FrankAmount purchased: 50,000 @ 58.75pValue: £29,375.00Scientific Digital Imaging (SDI)Director name: Abell,JonAmount purchased: 37,250 @ 43.00pValue: £16,017.50Directa Plus (DCTA)Director name: Cesareo,Giulio GiuseppeAmount purchased: 33,000 @ 44.00pValue: £14,520.00Albert Technologies Ltd (di) (ALB)Director name: Gordon,Lisa JaneAmount purchased: 50,000 @ 24.60pValue: £12,300.00Firstgroup (FGP)Director name: Hauser,WolfhartAmount purchased: 10,459 @ 94.90pValue: £9,925.59Scientific Digital Imaging (SDI)Director name: Abell,JonAmount purchased: 22,358 @ 42.40pValue: £9,479.79Scientific Digital Imaging (SDI)Director name: Tilston,DavidAmount purchased: 10,000 @ 41.44pValue: £4,144.00Centrica (CNA)Director name: Valle,Margherita D.Amount purchased: 1,340 @ 147.54pValue: £1,977.04Witan Inv Trust (WTAN)Director name: Rogoff,BenAmount purchased: 78 @ 1,115.34pValue: £869.97Top Director SellsSafecharge International Group Limited (di) (SCH)Director name: Avgi,David Amount sold: 3,995,185 @ 325.00pValue: £12,984,351.25Future (FUTR)Director name: Ladkin-Brand,PennyAmount sold: 55,000 @ 450.00pValue: £247,500.00