Tyler sells Experian shares

1st Feb 2011 16:52

Experian non-executive David Tyler has raised £386,000 from selling shares in the credit checking company. Tyler was finance director of GUS before it was split into Home Retail Group and Experian, where he became a non-executive director in July 2006 - three months before it floated at 560p a share. He is also chairman of J Sainsbury and Logica. Tyler sold 50,000 shares at 772.5p each. Experian's third quarter trading statement showed continued strong growth for the business. Revenue both on an actual basis and at constant exchange rates was up 12% in the three months to December 2010, with organic growth at 8%. All parts of the group grew revenues although the growth was modest in the UK and Ireland. Expectations for the year were unchanged after the trading statement. Organic revenue growth is expected to be similar to the 7% reported for the first half, while operating margin should show a "modest" improvement.Top Director Buys Servoca (SVCA) Director name: Mr Bob MortonAmount purchased: 24,337,480 @ 7.00p Value: £1,703,624General Electric Co (GEC) Director name: Mr Alan G LafleyAmount purchased: 25,000 @ € 20.17 Value: € 504,250Jelf Group (JLF) Director name: Mr Grahame Stott Amount purchased: 250,000 @ 65.00p Value: £162,500Daniel Stewart Securities (DAN) Director name: Mr Peter D SheaAmount purchased: 1,000,000 @ 1.75p Value: £17,500Top Director Sells Experian (EXPN) Director name: Mr David A TylerAmount sold: 50,000 @ 772.50p Value: £386,250