GFS directors secure gains

11th Nov 2009 16:01

Nick Buckles and Trevor Dighton, the chief executive and finance director respectively of security group G4S, have both doubled their money through share sales. Buckles and Dighton took up shares via options at varying exercise prices. Buckles spent nearly £1.1m on additional shares and immediately sold them for £2.28m. Dighton spent nearly £568,000 on his shares and sold them for £1.17m. Buckles retains 1.59m shares and Dighton still owns 1.05m shares. On Monday, G4S said that revenues grew 23% in the first nine months of September 2009, although that figure was boosted by exchange rate movements. Overall organic growth was 4.2%. Operating profits rose by one-quarter. UBS increased its share price target from 240p to 300p. The broker was impressed by improved margins. Top Director BuysChaarat Gold Holdings (CGH) Director name: Mr Christopher David Palmer-TomkinsonAmount purchased: 800,000 @ 23.50p Value: £188,000Wolseley (WOS) Director name: Mr Michael WareingAmount purchased: 3,000 @ 1,273.85p Value: £38,215XP Power (XPP) Director name: Mr David Hempleman AdamsAmount purchased: 8,200 @ 299.00p Value: £24,518Jubilee Platinum (JLP) Director name: Mr Colin BirdAmount purchased: 75,000 @ 32.00p Value: £24,000Top Director SellsG4S (GFS) Director name: Mr Nicholas P BucklesAmount sold: 925,000 @ 246.65p Value: £2,281,512G4S (GFS) Director name: Mr Trevor DightonAmount sold: 475,000 @ 246.65p Value: £1,171,588Smith & Nephew (SN.) Director name: Mr David IllingworthAmount sold: 100,000 @ 558.27p Value: £558,270Misys (MSY) Director name: Mr Mike LawrieAmount sold: 91,454 @ 218.51p Value: £199,836