Electrocomponents directors ditch shares awarded in bonus plan

4th Jul 2012 16:31

The Chief Executive Officer (CEO) of FTSE 250 electronics and maintenance products distributor Electrocomponents has, alongside the group's Finance Director, sold off a number of shares awarded under the company's deferred bonus plan. CEO Ian Mason earned himself £100,554 after selling 48,460 at 207.50p each, while Finance Director Simon Boddie ditched 32,307 for 207.50p each, pocketing a total of £67,037.Under the plan Mason was awarded 93,005 shares and Boddie was given 62,003, all of which full vested on Monday. The company's shares are currently trading down 22%, equal to 61.30p, compared to a year ago, although they have risen 9.0%,, or 17.80p in the last month. At the end of May the company reported in its final results that the current financial year did not get off to a particularly good start, with the International business declining 2.0%, although the UK grew by 4.0%. Top Director BuysRubicon Diversified Investments (RUBI) Director name: Mr Richard BlakesleyAmount purchased: 688,000 @ 3.85p Value: £26,488The Real Good Food Company (RGD) Director name: Mr Chris ThomasAmount purchased: 40,000 @ 54.00p Value: £21,600Rubicon Diversified Investments (RUBI) Director name: Mr Edward WinterAmount purchased: 500,000 @ 3.85p Value: £19,250Top Director SellsElectrocomponents (ECM) Director name: Mr Ian MasonAmount sold: 48,460 @ 207.50p Value: £100,554Electrocomponents (ECM) Director name: Mr Simon BoddieAmount sold: 32,307 @ 207.50p Value: £67,037News Corp. 'A' Shares (NCRA) Director name: Mr John L ThorntonAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Stanley S. ShumanAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Lachlan MurdochAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Andrew S B KnightAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Sir Rod EddingtonAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Viet DinhAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Peter BarnesAmount sold: 1,233 @ $22.85 Value: $28,174News Corp. 'A' Shares (NCRA) Director name: Mr Jose Maria AznarAmount sold: 1,233 @ $22.85 Value: $28,174