Henderson director makes sale

11th Apr 2012 15:28

David Jacob, Managing Director of Investment Management at fund manager Henderson Group, has sold 429,000 shares at 120.60p. The £517,374 sale was made after the director acquired just over two million shares on the vesting of a share plan. Following the transaction Jacob now holds around 2.466m shares. His wife continues to own 710,920 shares. The stock has fallen over 28% in the past year, equivalent to 48.5p, and despite making gains in the last month of around 5%, has lost over 3% in the past week. At the end of February the company said that while its acquisition of Gartmore in 2011 boosted income, outflows during the year were still 'significant'. Underlying profits before tax were £159.2m, although when the Gartmore transaction and other items are taken into account, basic profit before tax fell to £13m. Assets under management by the end of 2011 were £64.3bn an increase of 4% compared to December 31st 2010. Top Director BuysComputacenter (CCC) Director name: Mr Greg LockAmount purchased: 6,562 @ 410.20p Value: £26,917Top Director SellsHenderson Group (HGG) Director name: Mr David JacobAmount sold: 429,000 @ 120.60p Value: £517,374SVG Capital (SVI) Director name: Mr Edgar KoningAmount sold: 4,587 @ 321.00p Value: £14,724Walker Crips Group (WCW) Director name: Mr Stephen BaileyAmount sold: 25,000 @ 45.00p Value: £11,250NR