PayPoint non-exec offloads shares in deal worth £27.1m

12th Jun 2014 16:14

David Morrison, a non-executive director at PayPoint, has cashed in on the recent rise in the group's share price with sale of 2.46m shares in a deal worth £27.1m. Last month the payment services group revealed that its transaction volume in the 12-month period rose 3.9% to a record high, revenues climbed 1.7% to £212.2m and pre-tax profit came in 11.5% higher at £46m. Although the share price has risen around 128p since the release of the results, the gain only took it back to levels seen mid-May. The 1,100p-a-share deal has left Morrison with just 35,000 shares, all of which are held by his company, Prospect Investment Management. Top Director BuysGriffin Mining Ltd. (GFM) Director name: Mr Dal BrynelsenAmount purchased: 167,000 @ 32.46p Value: £54,208Sierra Rutile Ltd (SRX) Director name: Mr Richard Lloyd Lister Amount purchased: 100,000 @ 49.00p Value: £49,000Blue Star Capital (BLU) Director name: Mr Francisco Anthony Bodie FabriziAmount purchased: 3,665,090 @ 0.55p Value: £20,158Blue Star Capital (BLU) Director name: Mr Graham ParrAmount purchased: 3,636,363 @ 0.55p Value: £20,000Fusionex International (FXI) Director name: Mr Alan LimAmount purchased: 4,500 @ 398.00p Value: £17,910Top Director SellsHargreaves Lansdown (HL.) Director name: Mr Stephen RobertsonAmount sold: 9,500 @ 1,282.00p Value: £121,790Planet Payment Inc. (PPT) Director name: Lady Barbara JudgeAmount sold: 4,400 @ 172.47p Value: £7,589NR