Next Fifteen CEO sells after upbeat trading statement

21st Jan 2014 16:45

Timothy Dyson, the Chief Executive Officer of Next Fifteen Communications, the global digital marketing and PR firm, disposed of 77,997 shares on Tuesday, although his stake still stands at a sizeable 5.072m shares, equivalent to an 8.35 per cent stake. The shares were sold for 86p each, generating the director a total of £67,077. The transaction was made as fellow board member, Chairman Richard Eyre, purchased 28,781 shares at the same price for a total spend of £24,752. The deals were made the same day the company reported a good start to the financial year, which it said had been largely driven by double digit organic growth and strong overall margins in its Northern American business.In the five months to December 31st, the group said it returned its subsidiary, Bite, to profitability, while trading patterns in the rest of the group were in line with the second half of the previous financial year. The group was overall trading in line with expectations, despite the impact of a strong sterling on both revenues and profit. Top Director BuysLocal Shopping REIT (LSR) Director name: Mr Grahame WhateleyAmount purchased: 2,400,000 @ 26.00p Value: £624,000Nanoco Group (NANO) Director name: Mr Peter RowleyAmount purchased: 50,000 @ 112.20p Value: £56,100Next Fifteen Communications (NFC) Director name: Mr Richard EyreAmount purchased: 28,781 @ 86.00p Value: £24,752Top Director SellsCable & Wireless Communications (CWC) Director name: Mr Timothy PenningtonAmount sold: 416,232 @ 55.43p Value: £230,717Cable & Wireless Communications (CWC) Director name: Mr Nick CooperAmount sold: 304,525 @ 55.43p Value: £168,798Lindsell Train Inv Trust (LTI) Director name: Mr Michael MaCenzieAmount sold: 200 @ 34,600.00p Value: £69,200Next Fifteen Communications (NFC) Director name: Mr Tim DysonAmount sold: 77,997 @ 86.00p Value: £67,077Air Partner (AIP) Director name: Mr Gavin Charles Amount sold: 8,000 @ 560.00p Value: £44,800NR