Standard Life directors adds 16,400 shares

5th Sep 2014 16:02

Pierre Danon, a non-executive director at Standard Life, has bought 16,400 shares in the group, boosting his stake to 54,627.Danon paid 409.9p a time, spending a total of £67,224 on the deal.The purchase came after the group announced on Thursday that it is planning to sell its Canadian unit to Manulife Financial for C$4bn.The group said that it would return £1.75bn of the £2.2bn proceeds to shareholders.Completion is expected in the first quarter of next year. Top Director BuysStandard Life (SL.) Director name: Mr Pierre DanonAmount purchased: 16,400 @ 409.90p Value: £67,224Top Director SellsYoung & Co's Brewery 'A' Shares (YNGA) Director name: Mr Patrick DardisAmount sold: 7,395 @ 972.89p Value: £71,945