Tate & Lyle divisional head pockets half a million on share sale

20th Jun 2014 16:10

Tate & Lyle's President of speciality food ingredients has sold 74,588 shares in the sugar and sweetener giant after the shares were released under the group's performance share plan. Olivier Rigaud, who took up his current role at the sugars and sweeteners group in June 2010, traded the shares in at 671.56p, reflecting the heavy losses seen in the group's share price in the year-to-date. The £500,903 deal follows a challenging year for Tate, which has seen it demoted to the FTSE 250 following a sharp decline in its share price the previous month on the back of a profit warning. Results released at the end of May were broadly in line with the adjusted forecasts given in February, with pre-tax profit down £11m to £290m on a 3% decline in sales, hit by lower sucralose prices, which was in turn caused by a supply surplus in China. Top Director BuysBotswana Diamonds (BOD) Director name: Mr John J TeelingAmount purchased: 8,800,000 @ 2.50p Value: £220,000Reconstruction Capital II Ltd. (RC2) Director name: Mr Ion Alexander FlorescuAmount purchased: 889,647 @ € 0.12 Value: € 111,206Botswana Diamonds (BOD) Director name: Mr James FinnAmount purchased: 4,000,000 @ 2.50p Value: £100,000Botswana Diamonds (BOD) Director name: Mr David HorganAmount purchased: 3,200,000 @ 2.50p Value: £80,000Ocean Wilsons Holdings Ltd. (OCN) Director name: Mr Andrey BerzinsAmount purchased: 5,000 @ 1,227.50p Value: £61,375Berkeley Group Holdings (The) (BKG) Director name: Mr Glyn BarkerAmount purchased: 2,242 @ 2,310.00p Value: £51,790Novae Group (NVA) Director name: Mr John P Hastings-BassAmount purchased: 5,000 @ 527.50p Value: £26,375Volex (VLX) Director name: Mr Geraint AndersonAmount purchased: 30,000 @ 80.92p Value: £24,276Primary Health Properties (PHP) Director name: Mr Steven Owen Amount purchased: 6,705 @ 346.50p Value: £23,233Volex (VLX) Director name: Ms Karen SlatfordAmount purchased: 25,000 @ 80.92p Value: £20,230Top Director SellsTribal Group (TRB) Director name: Mr Keith EvansAmount sold: 515,769 @ 184.75p Value: £952,883Tribal Group (TRB) Director name: Mr Steve Breach Amount sold: 515,769 @ 184.75p Value: £952,883Bankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Ian McMurtrieAmount sold: 25,300 @ 393.10p Value: £99,454Bankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Ian McMurtrieAmount sold: 14,700 @ 390.57p Value: £57,414Bankers Petroleum Ltd.(CDI) (BNK) Director name: Mr Ian McMurtrieAmount sold: 10,000 @ 390.93p Value: £39,093Good Energy Group (GOOD) Director name: Mr Garry John PeagamAmount sold: 30,000 @ 230.83p Value: £69,249Wynnstay Group (WYN) Director name: Mr B Paul RobertsAmount sold: 2,500 @ 607.00p Value: £15,175NR