Netcall non-exec sells up

Date: Tuesday 29 Mar 2011

Mark Brooks, who was appointed to the Netcall board following the acquisition of Telephonetics, has sold all his shares in the AIM-quoted telecoms call-back and speech recognition software provider.

Brooks had been a director of Telephonetics since March 2008 and joined the Netcall board in July 2010. In the Netcall annual report it said that Brooks had a six month employment term.

Netcall offered 0.3077 of a share and 5p in cash for each Telephonetics share. At that time, Netcall raised £4.25m at 19p a share to help finance the cash cost of the bid, which was £5.46m.

Brooks sold 3.97m shares at 15p each, which valued the stake at £596,000.

Netcall increased its revenues by 245% in the six months to December 2010 helped by the contribution from Telephonetics. Reported pre-tax profit was down, but stripping out amortisation and exceptionals it rose from £359,000 to £1.09m.

Top Director Buys

Cambium Global Timberland Ltd. (TREE)
Director name: Mr Donald Adamson
Amount purchased: 500,000 @ 53.88p
Value: £269,350

Polo Resources Ltd. (DI) (POL)
Director name: Mr Neil Lindsey Herbert
Amount purchased: 5,108,239 @ 5.22p
Value: £266,650

Anglo Pacific Group (APF)
Director name: Mr Matthew Tack
Amount purchased: 77,837 @ 326.00p
Value: £253,749

Anglo Pacific Group (APF)
Director name: Mr Chris Orchard
Amount purchased: 77,837 @ 326.00p
Value: £253,749

Anglo Pacific Group (APF)
Director name: Mr John Theobald
Amount purchased: 77,837 @ 326.00p
Value: £253,749

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 75,000 @ 77.92p
Value: £58,440

Cambium Global Timberland Ltd. (TREE)
Director name: Mr Martin Richardson
Amount purchased: 100,000 @ 53.88p
Value: £53,870

Artemis Alpha Trust (ATS)
Director name: Mr Andrew Dalrymple
Amount purchased: 11,000 @ 328.00p
Value: £36,080

Cambium Global Timberland Ltd. (TREE)
Director name: Mr William Taylor Spitz
Amount purchased: 50,000 @ 53.88p
Value: £26,935

Cambium Global Timberland Ltd. (TREE)
Director name: Mr Robert Rickman
Amount purchased: 25,000 @ 53.88p
Value: £13,468


Top Director Sells

Netcall (NET)
Director name: Mr Mark Brooks
Amount sold: 3,972,357 @ 15.00p
Value: £595,854

BAE Systems (BA.)
Director name: Mr Ian King
Amount sold: 63,246 @ 328.70p
Value: £207,890

BAE Systems (BA.)
Director name: Mr George Rose
Amount sold: 30,224 @ 328.70p
Value: £99,346

Homeserve (HSV)
Director name: Mr Martin Bennett
Amount sold: 4,800 @ 440.00p
Value: £21,120

BAE Systems (BA.)
Director name: Mr Bob Murphy
Amount sold: 5,362 @ 328.70p
Value: £17,625

Abbey Protection (ABB)
Director name: Mr Colin Davison
Amount sold: 21,818 @ 79.25p
Value: £17,291

Abbey Protection (ABB)
Director name: Mr Chris Ward
Amount sold: 21,818 @ 79.25p
Value: £17,291

BAE Systems (BA.)
Director name: Ms Linda Hudson
Amount sold: 5,234 @ 328.70p
Value: £17,204

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