Travis Perkins Finance Director reduces family stake

11th Sep 2012 16:27

The wife of Paul Hampden Smith, the Finance Director at Travis Perkins, has sold 11,000 shares in the builders' merchant in two tranches. The first round of shares, totalling 6,000, were sold for 1,096.77p, while the remaining 5,000 were traded in for 1,098.26p. Sarah Hampden Smith pocketed a total of £120,719 from the transaction, and left her husband with a beneficial interest of 233,710 shares. On Monday the pair also announced the sale of 20,000 at 1,090p. At its last results, announced towards the end of July, the company said pre-tax profit rose 25% in the first six months of the year despite construction being hampered by the wettest three months since records began. Reported pre-tax profit after exceptional items rose to £162m for the six months ended June 30th compared to £129.2m the same time a year earlier. Group revenue climbed 2.7% to £2.41bn and was down 0.7% on a like-for-like basis. Top Director SellsTravis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount sold: 6,000 @ 1,096.77p Value: £65,806Travis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount sold: 5,000 @ 1,098.26p Value: £54,913