Double director sale at Monitise

8th Nov 2011 13:56

Two of the most senior directors of Footsie AIM 50 listed firm Monitise have sold shares in the firm just one week after stock broker Evolution Securities lifted its target on the stock to 45p. Chief executive officer and co-founder of the mobile payments firm Alastair Lukies and chief commercial officer Lee Cameron both sold a number of their shares at 38.75p. Lukies sold more than 53,000 shares for a total of £20,743, while Cameron sold just under 44,000 for a total of £17,006. The share price has gained 84.88%, equivalent to 18.25p, over the past year. In September the firm reported revenues which had more than doubled from £6m to £14m and said it is on track to double turnover again in 2012. Speaking at the time, Lukies said, "this has been a breakthrough year for Monitise". Top Director BuysKofax (KFX) Director name: Mr Greg LockAmount purchased: 100,000 @ 250.70p Value: £250,700Ferrum Crescent Ltd Ord NPV (DI) (FCR) Director name: Mr Robert W HairAmount purchased: 380,000 @ 5.56p Value: £21,128Hargreaves Lansdown (HL.) Director name: Mr Stephen RobertsonAmount purchased: 3,996 @ 497.96p Value: £19,898Standard Chartered (STAN) Director name: Mr John PaynterAmount purchased: 1,250 @ 1,405.00p Value: £17,562Top Director SellsWood Group (John) (WG.) Director name: Mr Mark PapworthAmount sold: 9,991 @ 630.00p Value: £62,943Monitise (MONI) Director name: Mr Alastair LukiesAmount sold: 53,531 @ 38.75p Value: £20,743Monitise (MONI) Director name: Mr Lee CameronAmount sold: 43,886 @ 38.75p Value: £17,006