Reckitt Benckiser director sells £13.3m of shares

30th Nov 2011 16:52

The deputy chairman of the board at Reckitt Benckiser has sold off millions of pounds worth of his stake in the firm. Peter Harf, who has occupied his position since 1999, sold 416,000 shares at 3,208.92p each for a total of £13,349,107. Towards the end of October the firm, which makes a number well-known products including Cillit Bang, Clearasil and Strepsils, announced that it expected slower growth in its pharmaceuticals division during the fourth quarter. The company's chief executive admitted that year-on-year growth is likely to slow as the firm nears the anniversary of the SSL International acquisition (bought in November 2010) and the buy-back of distribution rights in the European and 'Rest of World' Reckitt Benckiser Pharmaceuticals business (RBP). Top Director BuysAssociated British Foods (ABF) Director name: Mr George G WestonAmount purchased: 166,606 @ 1,098.40p Value: £1,830,000Associated British Foods (ABF) Director name: Mr John BasonAmount purchased: 109,614 @ 1,098.40p Value: £1,204,000EnQuest (ENQ) Director name: Dr James BuckeeAmount purchased: 159,753 @ 93.43p Value: £149,257Laird (LRD) Director name: Mr Nigel J KeenAmount purchased: 66,355 @ 149.58p Value: £99,254Digital Barriers (DGB) Director name: Mr Colin EvansAmount purchased: 60,000 @ 155.00p Value: £93,000Findel (FDL) Director name: Mr Roger SiddleAmount purchased: 1,630,000 @ 3.05p Value: £49,715Phoenix IT Group (PNX) Director name: Mr David CourtleyAmount purchased: 29,540 @ 167.57p Value: £49,500Synchronica (SYNC) Director name: Mr Angus DentAmount purchased: 800,000 @ 6.12p Value: £48,960Phoenix IT Group (PNX) Director name: Mr Steven CluttonAmount purchased: 20,000 @ 167.57p Value: £33,514Phoenix IT Group (PNX) Director name: Mr Peter BertramAmount purchased: 20,000 @ 167.57p Value: £33,514Top Director SellsReckitt Benckiser Group (RB.) Director name: Mr Peter HarfAmount sold: 416,000 @ 3,208.92p Value: £13,349,107Halfords Group (HFD) Director name: Mr Paul McClenaghanAmount sold: 30,000 @ 340.75p Value: £102,225NR