Telecity CEO sells shares as update impresses

7th May 2013 16:19

Michael Tobin, the Chief Executive Officer of data centre operator Telecity, has sold 124,105 shares following the exercise of options over 125,105 shares, taking his stake to 666,000. The shares were traded in at 949.50p each, earning the director in the region of £1.18m. The deal was made on the same day the group revealed its year-to-date financial performance and full year earnings outlook continue to be 'in-line' with management's expectations.The group said the on-going growth of the digital economy has continued to drive strong demand for premium highly-connected data centre capacity across Europe and this has contributed to what has been a 'good start' to 2013. The order book has seen solid growth in both its UK and Rest of Europe divisions and management continue to expect earnings to be in-line with market estimates for the full year. The current financial position is 'robust', with operations proving to be highly cash generative. Tobin said he was "delighted" with the group's performance in the year-to-date. Top Director BuysPatagonia Gold (PGD) Director name: Mr Carlos MiguensAmount purchased: 7,000,000 @ 13.00p Value: £910,000Aquarius Platinum Ltd. (AQP) Director name: Mr Jean NelAmount purchased: 85,470 @ 42.23p Value: £36,094Polymetal International (POLY) Director name: Mr Leonard HomenuikAmount purchased: 64,000 @ 695.92p Value: £445,389Thorntons (THT) Director name: Mr Paul N WilkinsonAmount purchased: 200,000 @ 78.50p Value: £157,000RSA Insurance Group (RSA) Director name: Mr Simon P G LeeAmount purchased: 139,510 @ 110.54p Value: £154,214Medusa Mining Ltd. (DI) (MML) Director name: Mr Geoffrey John DavisAmount purchased: 50,000 @ 174.64p Value: £87,320RSA Insurance Group (RSA) Director name: Mr Richard HoughtonAmount purchased: 71,000 @ 110.68p Value: £78,583West African Minerals Corporation (DI) (WAFM) Director name: Mr Brad Mills Amount purchased: 200,000 @ 33.00p Value: £66,000Plant Health Care (PHC) Director name: Mr Paul  Schmidt Amount purchased: 57,000 @ 87.00p Value: £49,590Burford Capital Ltd. (BUR) Director name: Sir Peter MiddletonAmount purchased: 40,000 @ 110.00p Value: £44,000Top Director SellsElementis (ELM) Director name: Mr David DutroAmount sold: 988,149 @ 252.23p Value: £2,492,408Reckitt Benckiser Group (RB.) Director name: Mr Rakesh KapoorAmount sold: 28,250 @ 4,642.32p Value: £1,311,455Telecity Group (TCY) Director name: Mr Michael TobinAmount sold: 124,105 @ 949.50p Value: £1,178,377Filtrona PLC (FLTR) Director name: Mr Jon GreenAmount sold: 54,846 @ 701.42p Value: £384,701Filtrona PLC (FLTR) Director name: Mr Jon GreenAmount sold: 49,033 @ 701.42p Value: £343,927Filtrona PLC (FLTR) Director name: Mr Malcolm Waugh Amount sold: 30,527 @ 712.00p Value: £217,352Computacenter (CCC) Director name: Mr Michael J NorrisAmount sold: 41,438 @ 438.20p Value: £181,581Filtrona PLC (FLTR) Director name: Mr Jon GreenAmount sold: 6,009 @ 706.00p Value: £42,424