Trifast execs make tidy sum through share option sale
The chairman and boss of fastenings group Trifast have both raised £1.08m each after selling shares issued under the company's 2009 share option plan.
Fenner
609.00p
16:50 29/05/18
Fidessa Group
3,865.00p
17:03 31/08/18
Frenkel Topping Group
51.50p
16:55 28/03/24
Future
613.00p
16:40 28/03/24
InternetQ
180.88p
16:30 28/04/16
Serco Group
189.70p
16:59 28/03/24
Stanley Gibbons Group
1.60p
16:50 06/09/22
Trifast
74.60p
16:40 28/03/24
Young & Co's Brewery 'A' Shares
978.00p
17:15 28/03/24
Executive chairman Malcolm Diamond and chief executive Jim Barker, who have both been with the company for over three decades, were issued 1m shares each and sold the lot for 108p a piece.
Diamond's and Barker's stakes in Trifast were left unchanged at 553,800 shares (a 0.46% stake) and 573,229 shares (0.49%), respectively.
The company, which makes mechanical fasteners for the automotive, distribution, home appliances and electronics industries, last week hailed its "best trading period ever" as it reported a 14% rise in first-half profits to £4.3m.
Revenues rose 13% to £74m, while margins improved and overheads reduced. The company also hiked its interim dividend by 50% to 0.6p per share.
The shares have gained by over a third in 2014 alone and have risen by well over 300% since the same date in 2009. By Friday's close, the share price stood at 108p, giving the company a market capitalisation of around £123m.
Top Director Buys
Serco Group (SRP)
Director name: Mr Angus Cockburn
Amount purchased: 84,600 @ 173.70p
Value: £146,950
Enteq Upstream (NTQ)
Director name: Mr Robin H. Pinchbeck
Amount purchased: 148,701 @ 24.95p
Value: £37,101
Fenner (FENR)
Director name: Mr Nick Hobson
Amount purchased: 11,291 @ 257.00p
Value: £29,018
Future (FUTR)
Director name: Ms Zillah Byng-Maddick
Amount purchased: 185,018 @ 7.99p
Value: £14,783
Top Director Sells
Trifast (TRI)
Director name: Mr Jim Barker
Amount sold: 1,000,000 @ 108.00p
Value: £1,080,000
Trifast (TRI)
Director name: Mr Malcolm Diamond
Amount sold: 1,000,000 @ 108.00p
Value: £1,080,000
Stanley Gibbons Group (SGI)
Director name: Mr Ian Gregory Goldbart
Amount sold: 122,853 @ 300.00p
Value: £368,559
Young & Co's Brewery 'A' Shares (YNGA)
Director name: Mr Torquil Sligo-Young
Amount sold: 12,000 @ 1,030.00p
Value: £123,600
Fidessa Group (FDSA)
Director name: Mr Andy Malpass
Amount sold: 2,100 @ 2,366.00p
Value: £49,686
Fidessa Group (FDSA)
Director name: Mr Andy Malpass
Amount sold: 1,350 @ 2,368.46p
Value: £31,974
Frenkel Topping Group (FEN)
Director name: Mr Richard Fraser
Amount sold: 40,540 @ 37.00p
Value: £15,000