Outgoing Hornby manager trades in 400,000 shares

4th Apr 2013 16:05

Frank Martin, the former Chief Executive of Hornby, which is best known for its model train sets and Scalextric racing kits, has reduced his stake in the group ahead of his retirement in June. Martin, who since announcing his retirement has occupied the role of Deputy Chairman, traded in 400,000 shares at 82p each, pocketing £328,000. At the end of last month the group warned investors that the retail environment in the UK and Europe has remained challenging, but is nonetheless confident in the group's strategy.The company also announced plans for a re-structuring of the senior team below the board level, saying this will "create a simpler, more streamlined reporting structure that more closely reflects the current shape of the business". The one-off restructuring charge of around £0.5m is expected to be largely offset by cost savings in the year to March 31st 2014. Top Director BuysVesuvius (VSVS) Director name: Mr Christer GardellAmount purchased: 50,000 @ 350.00p Value: £175,000Guinness Peat Group (GPG) Director name: Mr Rob CampbellAmount purchased: 24,985 @ 33.39p Value: £8,342RSA Insurance Group (RSA) Director name: Mr Edward LeaAmount purchased: 10,500 @ 111.90p Value: £11,750Top Director SellsHornby (HRN) Director name: Mr Frank MartinAmount sold: 400,000 @ 82.00p Value: £328,000Wood Group (John) (WG.) Director name: Mr Mark DoblerAmount sold: 25,000 @ 862.00p Value: £215,500Strategic Equity Capital (SEC) Director name: Sir Clive ThompsonAmount sold: 120,306 @ 101.55p Value: £122,171News Corp. 'A' Shares (NCRA) Director name: Mr Jose Maria AznarAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Stanley S. ShumanAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Lachlan MurdochAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Sir Rod EddingtonAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Natalie BancroftAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Peter BarnesAmount sold: 1,339 @ $30.34 Value: $40,625News Corp. 'A' Shares (NCRA) Director name: Mr Viet DinhAmount sold: 1,339 @ $30.34 Value: $40,625NR