Enterprise Inns bosses take profits

10th Aug 2009 16:12

Directors at tenanted pub group Enterprise Inns have taken the opportunity to pocket some profits following a strong rally in the firm's share price.Chief executive Ted Tuppen sold 300,000 shares at 167.01p a time, or a total of about £500,000, leaving him with just under 2.9m shares in the firm.The share price of Enterprise Inns has rallied strongly since December when Tuppen bought 185,000 shares at 71.9p a time. It received a boost last month when it updated the market, saying that its underlying trading performance appears to be stabilising, with the rate of decline in beer sales reducing. The firm, which rents out thousands of pubs across England and Wales, has sold nearly 300 pubs this year as it seeks to balance its books.Tuppen was joined in his latest sale by chief operating officer Simon Townsend, who also bought a big chunk back in December. He today sold 67,500 shares at 172.7p a time. Top Director BuysJupiter European Opportunities Trust (JEO) Director name: Mr J D A WallingerAmount purchased: 35,000 @ 147.50p Value: £51,625Sanderson Group (SND) Director name: Mr Christopher WinnAmount purchased: 150,000 @ 16.00p Value: £24,000Drax Group (DRX) Director name: Mr Anthony (Tony) James QuinlanAmount purchased: 2,500 @ 439.90p Value: £10,998Top Director SellsBerkeley Group Holdings Units (BKG) Director name: Mr Gregory J FryAmount sold: 150,000 @ 894.00p Value: £1,341,000Enterprise Inns (ETI) Director name: Mr Graham E (Ted) TuppenAmount sold: 300,000 @ 167.00p Value: £501,000Enterprise Inns (ETI) Director name: Mr W Simon TownsendAmount sold: 67,501 @ 172.70p Value: £116,574Energy XXI (Bermuda) (Reg S) (EXXS) Director name: Mr David West GriffinAmount sold: 35,217 @ $0.65 Value: $22,891