FW Thorpe chief cashes in

28th May 2009 16:53

Chairman and joint chief executive of FW Thorpe, Andrew Thorpe, has sold 5,000 shares in the lighting equipment manufacturer. Thorpe, grandson of the company's founder, got £26,500 for the stake at 530p a share. He's left with 2.8m shares, or 24% of the company.In March, the company reported a 5% increase in pre-tax profit for the half-year to £4.8m on turnover that increased £27.6m from £25.3m in 2007.Thorpe shares fell to a low of 417.5p in February, but were trading up at 545p earlier today. Top Director BuysGreencore Group (GNC) Director name: Mr Patrick A McCannAmount purchased: 30,000 @ € 1.06 Value: € 31,800MirLand Development Corporation (MLD) Director name: Mr Eyal FishmanAmount purchased: 30,000 @ 50.00p Value: £15,000Mitchells & Butlers (MAB) Director name: Mr Simon T LaffinAmount purchased: 6,000 @ 245.10p Value: £14,706Inland (INL) Director name: Mr Stephen Desmond WicksAmount purchased: 125,000 @ 9.50p Value: £11,875Top Director SellsThorpe (F.W.) (TFW) Director name: Mr Andrew ThorpeAmount sold: 5,000 @ 530.00p Value: £26,500