GW Pharma's Guy sells to Whittle

28th Jul 2009 16:30

Geoffrey Guy, executive chairman of GW Pharmaceuticals, has sold almost £600,000 of shares in the cannabis-based medicine firm to co-founder Brian Whittle.The purchase of 750,000 shares from Guy at 79p each cost Whittle, who retired as a director at GW last year, £592,500.Whittle and Guy set up the company in 1998 and listed it on the London Stock Exchange in June 2001.Guy also gifted, for nil consideration, a further 782,111 shares to Whittle and members of Whittle's family. Despite transferring over 1.5m shares, or 1.3% of the business, Guy still owns a 15.2% stake.GW posted a maiden annual profit last month. It made £4m on revenue up to £16.1m from £5.7m thanks to increased sales and milestone revenue from Almirall and Sativax Top Director BuysDouglasbay Capital Ltd (DBAY) Director name: Mr Alexander Maria PaiuscoAmount purchased: 2,536,585 @ 5.10p Value: £129,366Scottish Inv Trust (SCIN) Director name: Mr Russell NapierAmount purchased: 14,000 @ 382.00p Value: £53,480BlackRock Smaller Companies Trust (BRSC) Director name: Mr Robert Sinclair RobertsonAmount purchased: 15,000 @ 235.60p Value: £35,340Douglasbay Capital Ltd (DBAY) Director name: Mr David Edward Howard PanterAmount purchased: 487,805 @ 5.10p Value: £24,878Douglasbay Capital Ltd (DBAY) Director name: Mr David John Morton BlackerAmount purchased: 487,805 @ 5.10p Value: £24,878Infoserve Group (INFS) Director name: Mr David HoodAmount purchased: 103,748 @ 22.00p Value: £22,825Douglasbay Capital Ltd (DBAY) Director name: Mr Geoffrey J BicknellAmount purchased: 390,244 @ 5.10p Value: £19,902BlackRock Smaller Companies Trust (BRSC) Director name: Mr Robert Sinclair RobertsonAmount purchased: 5,000 @ 235.00p Value: £11,750BlackRock Smaller Companies Trust (BRSC) Director name: Mr Robert Sinclair RobertsonAmount purchased: 5,000 @ 232.00p Value: £11,600BlackRock Smaller Companies Trust (BRSC) Director name: Mr John DaviesAmount purchased: 4,451 @ 236.70p Value: £10,536Top Director SellsGW Pharmaceuticals (GWP) Director name: Mr Geoffrey GuyAmount sold: 750,000 @ 79.00p Value: £592,500