LSL Chief sells four million shares ahead of role change

5th Sep 2013 16:11

Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an average price of 462.65p each. Sales were also made by Steve Cooke, the company's Finance Director, and David Newnes, an Executive Director, who sold 70,764 and 2,164,502 shares, respectively, at the same average price. The total of 6.4m shares represents approximately 6.14% of the issued share capital. Following the sale, Simon Embley retains an interest of 5.89m shares, Steve Cooke an interest of 40,000 shares, and David Newnes 3.4m. Top Director BuysThomas Cook Group (TCG) Director name: Mr Michael HealyAmount purchased: 18,248 @ 137.00p Value: £25,000Sierra Rutile Ltd (SRX) Director name: Mr Jan Alex CastroAmount purchased: 30,000 @ 54.00p Value: £16,200Top Director SellsLSL Property Services (LSL) Director name: Mr Simon EmbleyAmount sold: 4,164,502 @ 462.65p Value: £19,267,069LSL Property Services (LSL) Director name: Mr David NewnesAmount sold: 2,164,502 @ 462.65p Value: £10,014,069LSL Property Services (LSL) Director name: Mr Steve CookeAmount sold: 70,764 @ 462.65p Value: £327,390Delcam (DLC) Director name: Mr Edward B LambourneAmount sold: 575,000 @ 1,650.00p Value: £9,487,500Bankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Robert M D CrossAmount sold: 750,000 @ 216.50p Value: £1,623,750Consort Medical (CSRT) Director name: Mr Jonathan GlennAmount sold: 68,090 @ 833.00p Value: £567,190Frenkel Topping Group (FEN) Director name: Mr Richard FraserAmount sold: 1,100,000 @ 26.00p Value: £286,000Delcam (DLC) Director name: Mr Clive MartelAmount sold: 13,333 @ 1,650.00p Value: £219,994PayPoint (PAY) Director name: Mr Steve RowleyAmount sold: 16,116 @ 1,085.60p Value: £174,955Consort Medical (CSRT) Director name: Mr J A D SlaterAmount sold: 17,822 @ 833.00p Value: £148,457NR