Prezzo exec slices off 200,000 shares

22nd Oct 2013 16:26

Kuldip Sehmi, an Executive Director at Italian restaurant chain Prezzo, on Monday traded in 200,000 shares, reducing his stake to 682,244 shares, equal to 0.29 per cent of the issued share capital. Sehmi, who is responsible for the day to day running of approximately half the Prezzo estate, sold the shares at 117p each for a total trade value of £234,000. While significant, the size of the transaction pales in comparison to that made by Jonathan Kaye, the group's Chief Executive Officer, and two of its Non-Executive Directors, last month, when they each traded in a 1.3m share slice of the company. At the beginning of September, the group posted a 17% leap in half year revenue to £79.7m, while adjusted pre-tax profit climbed 12% to £8.5m, and said it was "confident of delivering a satisfactory outcome for the year as a whole".Top Director BuysAberforth Geared Income Trust (AGIT) Director name: Mr Graham R MenziesAmount purchased: 49,865 @ 158.12p Value: £78,847JPMorgan European Inv Trust Growth Shares (JETG) Director name: Mr Andrew AdcockAmount purchased: 25,000 @ 217.50p Value: £54,375STV Group (STVG) Director name: Mr Genevieve Shore Amount purchased: 5,564 @ 264.75p Value: £14,731Top Director SellsGLOBO (GBO) Director name: Mr Gavin BurnellAmount sold: 505,000 @ 71.00p Value: £358,550Prezzo (PRZ) Director name: Mr Kuldip SehmiAmount sold: 200,000 @ 117.00p Value: £234,000GLOBO (GBO) Director name: Mr Gerasimos (Makis) BonanosAmount sold: 250,000 @ 71.00p Value: £177,500GLOBO (GBO) Director name: Mr Dimitrios GryparisAmount sold: 245,000 @ 71.00p Value: £173,950Dairy Farm International Holdings Ltd. (Singapore) (DFI) Director name: Mr Michael KokAmount sold: 13,500 @ $11.13 Value: $150,246Dillistone Group (DSG) Director name: Mr Giles Robin Fearnley Amount sold: 150,000 @ 100.10p Value: £150,150Scancell Holdings (SCLP) Director name: Dr Richard GoodfellowAmount sold: 100,000 @ 30.00p Value: £30,000Scancell Holdings (SCLP) Director name: Professor Lindy DurrantAmount sold: 100,000 @ 30.00p Value: £30,000Dunedin Enterprise Investment Trust (DNE) Director name: Mr Liz AireyAmount sold: 2,500 @ 475.00p Value: £11,875