Greene King CEO sells a chunk of share awards

11th Dec 2012 15:57

Rooney Anand, the Chief Executive of pubs group Greene King, pocketed nearly half a million pounds yesterday by selling off a portion of the shares he was awarded under the company's long-term incentive awards (LTIP) a few years back.Under the LTIP awards that were granted to a number of senior execs on December 9th 2009 which have now vested in full, Anand received 153,000 ordinary shares, 79,959 of which he sold immediately, retaining some 73,041.He sold the shares at a price of 620.07p, earning himself a total of £495,802. This leaves him with 272,794 shares left in the company.The move comes just a week after the company unveiled its first-half results, in which it reported a 7.3% rise in total revenue and a 6.1% increase in operating profit.Speaking at the time, Anand said: "Our team has delivered another strong trading performance driven by 17% profit growth in our retail division. We have continued to focus on providing excellent value, service and quality to our customers, while improving productivity and keeping tight control of costs. "This has led to strong sales and profit growth, increased cashflow, improved returns and a stronger balance sheet."Top Director BuysSymphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 600,000 @ $0.68 Value: $405,480Cineworld Group (CINE) Director name: Mr Steve WienerAmount purchased: 40,816 @ 245.00p Value: £99,999Cineworld Group (CINE) Director name: Mr Rick SenatAmount purchased: 20,408 @ 245.00p Value: £50,000Cineworld Group (CINE) Director name: Mr Peter WilliamsAmount purchased: 20,000 @ 245.00p Value: £49,000Xchanging (XCH) Director name: Mr David BauernfeindAmount purchased: 39,800 @ 119.90p Value: £47,720F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 35,221 @ 97.22p Value: £34,242Cineworld Group (CINE) Director name: Mr Philip Bowcock Amount purchased: 10,000 @ 245.00p Value: £24,500Cineworld Group (CINE) Director name: Mr David MaloneyAmount purchased: 10,000 @ 245.00p Value: £24,500Gable Holdings Inc. (GAH) Director name: Mr William DewsallAmount purchased: 50,000 @ 41.50p Value: £20,750JPMorgan Brazil Inv Trust (JPB) Director name: Prof Victor Bulmer-ThomasAmount purchased: 24,000 @ 83.40p Value: £20,016Top Director SellsCSR (CSR) Director name: Dr Levy GerzbergAmount sold: 355,476 @ 360.00p Value: £1,279,714Greene King (GNK) Director name: Mr Rooney AnandAmount sold: 79,959 @ 620.07p Value: £495,802Jarvis Securities (JIM) Director name: Mr Andrew J GrantAmount sold: 58,250 @ 170.00p Value: £99,025Xchanging (XCH) Director name: Mr David BauernfeindAmount sold: 20,000 @ 119.80p Value: £23,960BC