Ultra Electronics chairman sells £8.45m worth in shares

8th Jun 2015 15:34

The chairman of Ultra Electronics and a connected person sold a total of £8.5m worth of shares in the defence and aerospace company.Douglas Caster sold 117,666 ordinary shares and Elizabeth Caster sold 333,522 shares for £18.78 each, bringing home £8.47m.Following both transactions, Caster holds 300,000 remaining shares, which represents 0.4% of the issued capital.The group saw its pre-tax profits decline in 2014 due to the early termination of a contract in Oman. However, aside from the impact of the contract, annual performance was in line with expectations.Last week, Ultra Electronics acquired the electronics products division of Kratos Defense and Security Solutions for $265m (£173.5m) in a move to increase its footprint in the US electronic warfare market.Top Director BuysAdvanced Oncotherapy (AVO) Director name: Mr Michael Bradfield Amount purchased: 1,500,000 @ 9.81p Value: £147,150Croda International (CRDA) Director name: Mr Jez K MaidenAmount purchased: 1,000 @ 2,798.00p Value: £27,980Amara Mining (AMA) Director name: Mr Peter Gardner Amount purchased: 136,656 @ 14.63p Value: £19,993Advanced Oncotherapy (AVO) Director name: Mr Sanjeev Pandya Amount purchased: 220,000 @ 9.00p Value: £19,800Top Director SellsUltra Electronics Holdings (ULE) Director name: Mr Douglas CasterAmount sold: 451,188 @ 1,878.00p Value: £8,473,311Cambridge Cognition Holdings (COG) Director name: Dr Andrew Damian BlackwellAmount sold: 150,000 @ 80.00p Value: £120,000