Executive director Murray Smith has been reducing his stake in pensions adviser Mattioli Woods.

The marketing and sales director has sold 50,000 shares at 235p each. This follows the sale of a further 50,000 shares at 230p a share. This leaves Smith with 253,866 shares, or 1.46% of Mattioli Woods.

Last September, Smith sold 60,000 shares at 205p a share. This means that he has raised more than £350,000 from share sales in the past six months.

Smith joined Mattioli Woods in 1995 and he is responsible for all the firm's marketing activities and managing its team of consultants.

Mattioli Woods joined AIM in November 2005. The initial placing price was 132p a share.


Top Director Buys

Getmobile Europe (GETM)
Director name: Mr Maximillian Ardelt
Amount purchased: 66,000 @ 133.46p
Value: £88,084

Hasgrove (HGV)
Director name: Mr Godfery Taylor
Amount purchased: 200,000 @ 38.00p
Value: £76,000

Hasgrove (HGV)
Director name: Mr Rod Hyde
Amount purchased: 50,000 @ 38.00p
Value: £19,000

Findel (FDL)
Director name: Mr Eric Tracey
Amount purchased: 50,000 @ 30.02p
Value: £15,015


Top Director Sells

SABMiller (SAB)
Director name: Mr M I Wyman
Amount sold: 102,195 @ 1,685.13p
Value: £1,722,119

Chloride Group (CHLD)
Director name: Mr Neil Warner
Amount sold: 346,803 @ 174.30p
Value: £604,478

Mattioli Woods (MTW)
Director name: Mr Murray Beveridge Smith
Amount sold: 50,000 @ 235.00p
Value: £117,500

Directex Realisations (DXR)
Director name: Mr Martin Kiersnowski
Amount sold: 1,000,000 @ 1.50p
Value: £15,000

Related share prices
SABMiller (SAB) share price
Chloride Group (CHLD) share price
Findel (FDL) share price
Directex Realisations (DXR) share price
Mattioli Woods (MTW) share price
Hasgrove (HGV) share price