Experian director reduces stake by 40,000

7th Aug 2012 14:58

Experian non-Executive Director, David Tyler, who is also the Chairman of both Sainsbury and Logica, has ditched 40,000 shares in the FTSE 100 financial data company.Tyler's sale, which saw him pocket £388,236 by selling the shares at 970.59p each, comes less than a month after the company posted a 14% rise in second quarter revenue. Earnings were pushed higher by activities in Latin America, although the firm continues to feel somewhat edgy about its prospects in the Eurozone. The share price is up 33% over the past year, equal to a gain of 242p. During the second quarter, the firm saw organic revenue growth of 9% at constant exchange rates, in what is the first quarter of the group's financial year. To put that into context, in the whole of the financial year just finished, organic revenue growth was 10% year-on-year. On a constant currency basis and with organic growth figures in brackets, the regional breakdown for revenue growth was as follows: North America +10% (+8%); Latin America +33% (+18%); UK & Ireland +7% (+4%); Europe, Middle East, Africa and Asia +5% (+4%). Top Director BuysF&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 74,666 @ 87.93p Value: £65,654Vertu Motors (VTU) Director name: Mr David Malcolm Forbes Amount purchased: 100,000 @ 28.25p Value: £28,250Renold (RNO) Director name: Mr Robert DaviesAmount purchased: 106,174 @ 23.00p Value: £24,420F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 27,592 @ 88.05p Value: £24,295Renold (RNO) Director name: Mr Brian TennerAmount purchased: 67,565 @ 23.00p Value: £15,540Top Director SellsExperian (EXPN) Director name: Mr David A TylerAmount sold: 40,000 @ 970.59p Value: £388,236NR