Xstrata CFO trades in more shares

16th Apr 2013 15:58

Trevor Reid, the outgoing Chief Financial Officer at mining giant Xstrata, has sold 23,143 shares in the company ahead of his departure, which will take place at the time of the group's merger with Glencore. The shares were disposed of at 1,029p each, earning the director a total of £238,141. The transaction follows the sale of another 124,221 shares at 1,085p on April 10th. The company announced Tuesday that Reid, along with several other outgoing members of the executive committee, will be staying on for a period of around six months after the merger to support the integration of their respective functions. The news also came on the same day Glencore announced that it has received approval for the merger under the Chinese Anti-Monopoly Law. Top Director SellsBerkeley Group Holdings (The) (BKG) Director name: Mr Anthony PidgleyAmount sold: 354,488 @ 2,000.00p Value: £7,089,760Berkeley Group Holdings (The) (BKG) Director name: Mr Robert PerrinsAmount sold: 300,000 @ 2,000.00p Value: £6,000,000IP Group (IPO) Director name: Mr Alan AubreyAmount sold: 1,146,104 @ 145.00p Value: £1,661,851IP Group (IPO) Director name: Dr Alison FieldingAmount sold: 1,137,258 @ 145.00p Value: £1,649,024IP Group (IPO) Director name: Mr Mike TownendAmount sold: 1,087,258 @ 145.00p Value: £1,576,524IP Group (IPO) Director name: Mr Charles WinwardAmount sold: 317,853 @ 145.00p Value: £460,887IP Group (IPO) Director name: Mr Greg SmithAmount sold: 258,086 @ 145.00p Value: £374,225NR