Xstrata boss bags £8m profit on options

23rd Oct 2009 16:26

Xstrata chief executive Mick Davis has sold 1m shares in the mining giant. Davis acquired these shares by exercising options - 877,955 shares at 217.32p a share and 122,045 at 239.11p a share. The total cost of these shares was £2.2m and they were sold for a profit of nearly £8m. Davis retains 1.38m shares in Xstrata, equivalent to 0.05% of the company. He acquired 891,396 shares in the company's rights issue earlier this year. These shares were acquired for 210p each. Earlier in the week, FinnCap said that it preferred Anglo American to Xstrata. This comment came after Xstrata said its operating and financial performance in the third quarter remained strong.Top Director BuysShanta Gold (SHG) Director name: Mr Walton ImrieAmount purchased: 1,588,047 @ 4.00p Value: £63,522Home Retail Group (HOME) Director name: Mr Oliver StockenAmount purchased: 11,500 @ 302.00p Value: £34,730Vitec Group (VTC) Director name: Mr Stephen BirdAmount purchased: 5,000 @ 370.00p Value: £18,500Home Retail Group (HOME) Director name: Mr John CoombeAmount purchased: 5,250 @ 302.00p Value: £15,855AG Barr (BAG) Director name: Mr Alex B C ShortAmount purchased: 1,685 @ 800.00p Value: £13,480Shanta Gold (SHG) Director name: Mr Walter VorwerkAmount purchased: 186,276 @ 6.40p Value: £11,922Home Retail Group (HOME) Director name: Mrs Penny HughesAmount purchased: 3,750 @ 302.00p Value: £11,325Top Director SellsXstrata (XTA) Director name: Mr Michael DavisAmount sold: 1,000,000 @ 1,019.00p Value: £10,190,000Mattioli Woods (MTW) Director name: Mr Ian Thomas MattioliAmount sold: 500,000 @ 238.00p Value: £1,190,000Mattioli Woods (MTW) Director name: Mr Robert WoodsAmount sold: 500,000 @ 238.00p Value: £1,190,000Home Retail Group (HOME) Director name: Mr Terry DuddyAmount sold: 328,587 @ 302.30p Value: £993,319Home Retail Group (HOME) Director name: Mr Terry DuddyAmount sold: 296,999 @ 302.30p Value: £897,828Home Retail Group (HOME) Director name: Mr Richard AshtonAmount sold: 105,065 @ 302.30p Value: £317,611Home Retail Group (HOME) Director name: Mr Richard AshtonAmount sold: 94,966 @ 302.30p Value: £287,082Home Retail Group (HOME) Director name: Mr Terry DuddyAmount sold: 23,651 @ 299.60p Value: £70,858Home Retail Group (HOME) Director name: Mr Richard AshtonAmount sold: 11,520 @ 299.60p Value: £34,514Jarvis Securities (JIM) Director name: Mr M J EdmettAmount sold: 8,000 @ 195.00p Value: £15,600