N Brown CEO sells shares after exercising options

10th Jul 2012 16:17

Chief Executive of N Brown, Alan White, has sold 234,699 shares, post-exercise of options, just a week after the internet and catalogue home shopping company said sales were up. White, who joined the company in September 2002, earned himself £613,597 after selling the shares at 261.44p each. The CEO sold all of the 234,699 shares, having earned them through the company's long-term incentive plan and deferred annual bonus scheme. Despite sales being higher the firm warned that price conscious shoppers opting for value ranges had hit margins. In the four months to the end of June the firm said total group revenue increased by 2.5%. Like-for-like revenue growth was 1.9% after excluding sales from stores opened in the last year. The company said an overall improvement in sales disguised a significant variation in performance by product category. The share price fell 3.5% in the past year, but gained over 13% in the past month. Top Director BuysRolls-Royce Holdings (RR.) Director name: Mr Mike TerrettAmount purchased: 6,066 @ 888.03p Value: £53,868Rolls-Royce Holdings (RR.) Director name: Mr Colin P SmithAmount purchased: 3,245 @ 888.03p Value: £28,817Rolls-Royce Holdings (RR.) Director name: Mr Peter John ByromAmount purchased: 2,672 @ 888.03p Value: £23,728Rolls-Royce Holdings (RR.) Director name: Mr John RishtonAmount purchased: 1,252 @ 888.03p Value: £11,118Top Director SellsBrown (N.) Group (BWNG) Director name: Mr Alan WhiteAmount sold: 234,699 @ 261.44p Value: £613,597