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Admiral Group Chairman trades in 100,000 shares
07-03-2013 15:42
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Alastair Lyons, the long-standing Chairman of Admiral Group, the non-life insurance giant, reduced his stake by 100,000 shares in the wake of a strong set of full year results.
In a sale made on behalf of his wife, Lyons disposed of the shares at 1,314p each, shrinking his holding to 392,152 shares.
The announcement was made Thursday, one day after the company cheered investors with news of a 20% increase in the total dividend, prompted by a 15% year-on-year increase in pre-tax profit, from £299m to £343m.
Turnover climbed 1.0% from £2.19bn to £2.22bn, while earnings per share totalled 95.1p, up from 81.9p in 2011.
The group made progress in most of its divisions, but posted a loss for its international price comparison businesses, albeit reduced from the previous year.
The group's UK price comparison business, Confused.com, delivered a pre-tax profit of £18.2m - around £2.0m higher than 2011's result, on 7.0% higher revenue.
Paul Walsh, who has been the Chief Executive Officer of Diageo since 2000, has continued to sells off his stake in the FTSE 100 drinks giant.
The director this time disposed of 50,000 at 2,011.00p a time, generating a total of £1.0m.
Walsh has made a number of signifcant sales in the past months, and prior to this transaction most recently traded in 75,000 shares at 1,935.00p a time.
Top Director Buys
Patagonia Gold (PGD)
Director name: Mr Carlos Miguens
Amount purchased: 13,117,333 @ 15.00p
Value: £1,967,600
Patagonia Gold (PGD)
Director name: Mr William Humphries
Amount purchased: 1,500,000 @ 15.00p
Value: £225,000
Drax Group (DRX)
Director name: Mr Melanie Gee
Amount purchased: 7,900 @ 625.00p
Value: £49,375
Communisis (CMS)
Director name: Mr Peter Hickson
Amount purchased: 110,778 @ 40.00p
Value: £44,311
Rotork (ROR)
Director name: Ms Sally James
Amount purchased: 1,050 @ 2,957.00p
Value: £31,048
Total Produce (TOT)
Director name: Mr Seamus Taaffe
Amount purchased: 50,000 @ 51.85p
Value: £25,925
Telford Homes (TEF)
Director name: Mr David Durant
Amount purchased: 12,500 @ 200.00p
Value: £25,000
Intu Properties (INTU)
Director name: Ms Adèle Anderson
Amount purchased: 6,000 @ 332.76p
Value: £19,966
Top Director Sells
Admiral Group (ADM)
Director name: Mr Alastair Lyons
Amount sold: 100,000 @ 1,314.00p
Value: £1,314,000
Diageo (DGE)
Director name: Mr Paul S Walsh
Amount sold: 50,000 @ 2,011.00p
Value: £1,005,500
Jardine Lloyd Thompson Group (JLT)
Director name: Mrs Vyvienne Wade
Amount sold: 20,000 @ 814.30p
Value: £162,860
Hays (HAS)
Director name: Mr Alistair R Cox
Amount sold: 106,734 @ 99.72p
Value: £106,435
Telford Homes (TEF)
Director name: Mr John Fitzgerald
Amount sold: 12,500 @ 200.00p
Value: £25,000
In a sale made on behalf of his wife, Lyons disposed of the shares at 1,314p each, shrinking his holding to 392,152 shares.
The announcement was made Thursday, one day after the company cheered investors with news of a 20% increase in the total dividend, prompted by a 15% year-on-year increase in pre-tax profit, from £299m to £343m.
Turnover climbed 1.0% from £2.19bn to £2.22bn, while earnings per share totalled 95.1p, up from 81.9p in 2011.
The group made progress in most of its divisions, but posted a loss for its international price comparison businesses, albeit reduced from the previous year.
The group's UK price comparison business, Confused.com, delivered a pre-tax profit of £18.2m - around £2.0m higher than 2011's result, on 7.0% higher revenue.
Paul Walsh, who has been the Chief Executive Officer of Diageo since 2000, has continued to sells off his stake in the FTSE 100 drinks giant.
The director this time disposed of 50,000 at 2,011.00p a time, generating a total of £1.0m.
Walsh has made a number of signifcant sales in the past months, and prior to this transaction most recently traded in 75,000 shares at 1,935.00p a time.
Top Director Buys
Patagonia Gold (PGD)
Director name: Mr Carlos Miguens
Amount purchased: 13,117,333 @ 15.00p
Value: £1,967,600
Patagonia Gold (PGD)
Director name: Mr William Humphries
Amount purchased: 1,500,000 @ 15.00p
Value: £225,000
Drax Group (DRX)
Director name: Mr Melanie Gee
Amount purchased: 7,900 @ 625.00p
Value: £49,375
Communisis (CMS)
Director name: Mr Peter Hickson
Amount purchased: 110,778 @ 40.00p
Value: £44,311
Rotork (ROR)
Director name: Ms Sally James
Amount purchased: 1,050 @ 2,957.00p
Value: £31,048
Total Produce (TOT)
Director name: Mr Seamus Taaffe
Amount purchased: 50,000 @ 51.85p
Value: £25,925
Telford Homes (TEF)
Director name: Mr David Durant
Amount purchased: 12,500 @ 200.00p
Value: £25,000
Intu Properties (INTU)
Director name: Ms Adèle Anderson
Amount purchased: 6,000 @ 332.76p
Value: £19,966
Top Director Sells
Admiral Group (ADM)
Director name: Mr Alastair Lyons
Amount sold: 100,000 @ 1,314.00p
Value: £1,314,000
Diageo (DGE)
Director name: Mr Paul S Walsh
Amount sold: 50,000 @ 2,011.00p
Value: £1,005,500
Jardine Lloyd Thompson Group (JLT)
Director name: Mrs Vyvienne Wade
Amount sold: 20,000 @ 814.30p
Value: £162,860
Hays (HAS)
Director name: Mr Alistair R Cox
Amount sold: 106,734 @ 99.72p
Value: £106,435
Telford Homes (TEF)
Director name: Mr John Fitzgerald
Amount sold: 12,500 @ 200.00p
Value: £25,000
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