Multiple sales for Entertainment One Chief

2nd Dec 2013 16:16

Darren Throop, Chief Executive Officer of Entertainment One, has sold four rounds of shares in the international entertainment company, reducing his stake by a total of 785,789 shares to 8.4m.While 69,239 shares were traded in at 239.2p each, the remainder were sold for 241.1p, earning Throop a total of £1.89m over a period of seven days. The sales come after the FTSE 250-listed group in November revealed it had more than doubled its earnings in the first half, thanks to strong acquisition-fuelled growth in its film distribution business.The acquisitive Canadian film and TV distributor bought rival Alliance Films from owner Goldman Sachs in January, which greatly helped increase its content library and drove "significant" revenue growth in the film division, lifting group turnover 65% to £364.5m. The purchase of Alliance and more than doubling its investment in content rights has grown the film, television and music content library by 70% to $650m in the period, with further investment expected in the second half.Speaking at the announcement of the results, Throop said he looked forward to a positive second half of the year in line with management expectations, with the film division set for another strong slate of releases and television on track to deliver a year-on-year increase in the volume of programming.Top Director BuysUtilitywise (UTW) Director name: Mr Jeremy MiddletonAmount purchased: 119,050 @ 212.00p Value: £252,386JPMorgan Global Markets Emerging Income Trust (JEMI) Director name: Mr Richard RobinsonAmount purchased: 20,550 @ 119.02p Value: £24,459Ariana Resources (AAU) Director name: Mr William PayneAmount purchased: 1,000,000 @ 1.18p Value: £11,800Ariana Resources (AAU) Director name: Mr Michael de VilliersAmount purchased: 950,000 @ 1.15p Value: £10,925WYG (WYG) Director name: Mr Paul HamerAmount purchased: 9,788 @ 109.00p Value: £10,669Top Director SellsEntertainment One Limited (ETO) Director name: Mr Darren Dennis ThroopAmount sold: 517,302 @ 241.10p Value: £1,247,215Xaar (XAR) Director name: Mr Ian DinwoodieAmount sold: 89,573 @ 986.60p Value: £883,727Xaar (XAR) Director name: Mr Ramon BorrellAmount sold: 56,872 @ 986.60p Value: £561,099Entertainment One Limited (ETO) Director name: Mr Darren Dennis ThroopAmount sold: 175,000 @ 241.10p Value: £421,925Entertainment One Limited (ETO) Director name: Mr Darren Dennis ThroopAmount sold: 69,239 @ 239.20p Value: £165,620Entertainment One Limited (ETO) Director name: Mr Darren Dennis ThroopAmount sold: 24,248 @ 241.10p Value: £58,462NR