Date: Thursday 14 Jul 2011
LONDON (ShareCast) - Arron Banks, chief executive and co-founder of the insurance broking and financial services business Brightside, has pocketed £2m from the sale of shares in the group.
He sold 8m at 25p a pop, but still has nearly 70m, more than 15% of the company.
Banks, along with commercial director John Gannon and finance director Paul Chase-Gardener, founded the business in 2005. Its activities include commercial vehicle insurance broking and financial advice for people with money worries.
Top Director Buys
Helius Energy (HEGY)
Director name: Mr Angus MacDonald OBE
Amount purchased: 1,638,032 @ 14.10p
Director name: Mr Stephen E Remp
Amount purchased: 311,770 @ 28.50p
Prosperity Voskhod Fund Ltd. (PVF)
Director name: Mr Robert W Boyle
Amount purchased: 17,495 @ $1.51
Top Director Sells
Brightside Group (BRT)
Director name: Mr Arron Fraser Andrew Banks
Amount sold: 8,000,000 @ 25.00p
Director name: Mr Jon Florsheim
Amount sold: 220,765 @ 491.00p
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