Standard Chartered earns 5.9m pounds worth of shares

16th Mar 2012 16:28

Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. Sands, who has been in his role since 2006, has already said he plans to give part of the pay-out to charity. The shares were awarded between 2008 and 2011. At the end of February the firm reported its ninth successive year of record income and profit in 2011 and reckons it is in good shape to face whatever 2012 throws at it. Profit before tax was up 11% to $6,775m in 2011 from $6,122m in 2010. Operating income moved up by one-tenth to $17,637bn from $16,062m the year before, interest income rose to $16,584m from $13,500m the year before, while non-interest income slipped to $7,474m from $7,592m in 2010.Top Director BuysNew Europe Property Investments (NEPI) Director name: Mr Desmond de BeerAmount purchased: 25,606 @ € 3.51 Value: € 89,974HGCapital Trust (HGT) Director name: Mr Andrew MurisonAmount purchased: 6,153 @ 975.00p Value: £59,992Renold (RNO) Director name: Mr Robert DaviesAmount purchased: 150,000 @ 39.00p Value: £58,500Asian Citrus Holding (ACHL) Director name: Mr Tong Wang ChowAmount purchased: 120,000 @ 46.63p Value: £55,956Interserve (IRV) Director name: Mr Tim HaywoodAmount purchased: 17,000 @ 292.82p Value: £49,779MirLand Development Corp. (MLD) Director name: Mr Eliezer FishmanAmount purchased: 20,919 @ 151.00p Value: £31,588Grainger (GRI) Director name: Mr Nick Jopling Amount purchased: 25,000 @ 113.30p Value: £28,325StatPro Group (SOG) Director name: Mr Justin WheatleyAmount purchased: 16,800 @ 97.00p Value: £16,296Logica (LOG) Director name: Mr David A TylerAmount purchased: 14,342 @ 99.80p Value: £14,313Top Director SellsAvocet Mining (AVM) Director name: Mr Harald Arnet Amount sold: 23,693,988 @ 200.00p Value: £47,387,976ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 149,999 @ 570.00p Value: £854,994Croda International (CRDA) Director name: Mr Sean ChristieAmount sold: 23,569 @ 2,222.02p Value: £523,708Mandarin Oriental International (Singapore) (MDO) Director name: Mr Andrew HirstAmount sold: 181,000 @ $2.58 Value: $467,758ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 49,999 @ 569.89p Value: £284,939Croda International (CRDA) Director name: Mr Steve FootsAmount sold: 10,371 @ 2,212.30p Value: £229,438Travis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount sold: 16,000 @ 1,090.00p Value: £174,400Ferrexpo (FXPO) Director name: Mr Christopher MaweAmount sold: 27,150 @ 341.00p Value: £92,582Asian Citrus Holding (ACHL) Director name: Mr Cheung Wai SunAmount sold: 120,000 @ 46.63p Value: £55,956Oxus Gold (OXS) Director name: Mr Richard B SheadAmount sold: 500,000 @ 5.14p Value: £25,700