Lancaster's £4.05m SDL share sale

3rd Sep 2010 16:34

SDL International's chairman and chief executive has sold more than one-half of his stake in the content localisation technology company. Mark Lancaster sold 750,000 shares at 540p a share. This raised £4.05m. Lancaster says that he sold the shares in order to finance the purchase of a property. He retains a 0.7% stake. Gartner has published an annual update to its web content management research. This covers SDL. Gartner says that SDL's marketing lags behind the quality of the services it offers. Gartner adds that SDL is maintaining its innovative edge. KBC Peel Hunt upgraded its 2010 earnings per share forecast for SDL to 34.7p. This followed SDL's interims. Interim revenues grew 13% to £94.5m, while underlying profits increased 12% to £16.3m. Top Director BuysVinaCapital Vietnam Opportunity Fund Ltd. (VOF) Director name: Mr Michael Grenville GrayAmount purchased: 70,000 @ $1.48 Value: $103,600XP Power (XPP) Director name: Mr David Hempleman AdamsAmount purchased: 5,775 @ 855.00p Value: £49,376Computacenter (CCC) Director name: Mr John OrmerodAmount purchased: 10,000 @ 284.61p Value: £28,461Symphony International Holdings (SIHL) Director name: Mr Anil ThadaniAmount purchased: 40,935 @ $0.66 Value: $27,017Chaucer Holdings (CHU) Director name: Mr Richard T ScholesAmount purchased: 55,000 @ 46.65p Value: £25,658Anglo Pacific (APF) Director name: Mr Matthew TackAmount purchased: 5,079 @ 254.50p Value: £12,926Top Director SellsSDL International (SDL) Director name: Mr Mark J LancasterAmount sold: 750,000 @ 540.00p Value: £4,050,000NCC Group (NCC) Director name: Mr Robert F C CottonAmount sold: 29,867 @ 430.00p Value: £128,428Northern Foods (NFDS) Director name: Mr Stefan BardenAmount sold: 157,896 @ 43.50p Value: £68,685