SABMiller CFO takes advantage of recent gains

23rd Nov 2012 16:30

James Wilson, the Chief Financial Officer (CFO) of drinks giant SABMiller benefitted from the recent surge in the group's share price following the group's first-half results yesterday.The company said today that Wilson had on Thursday exercised options to buy 13,000 shares at an option price of 1,250p per share and a further 13,000 at an option price of 1,231p per share. He then sold the 26,000 shares at a price of 2,789.25p per share.The stock closed Thursday's session at 2,801p, up 6.3% on the day, following the release of its interim figures which beat consensus forecasts for revenue, profit and margins. Credit Suisse reiterated its 'outperform' rating on the shares this morning, saying that while the stock is trading at a 6% premium to the wider consumer staples sector, it believes it can "re-establish a c10% premium rating". Top Director BuysInvestec (INVP) Director name: Mr Bernard KantorAmount purchased: 200,000 @ 381.11p Value: £762,220Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David E ReidAmount purchased: 40,000 @ 282.00p Value: £112,800Grainger (GRI) Director name: Mr Mark Greenwood Amount purchased: 20,000 @ 114.36p Value: £22,872Top Director SellsSABMiller (SAB) Director name: Mr James WilsonAmount sold: 26,000 @ 2,789.25p Value: £725,205Xstrata (XTA) Director name: Mr David RoughAmount sold: 10,250 @ 1,022.00p Value: £104,755