Home
Investment
News & Views
Company News
news storage
Amlin non-exec trebles shareholding
Wed, 08 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Amlin non-exec trebles shareholding
Thu, 4 Mar 2010, 17:19:00
Non-executive director Tony Holt has bought more than £2m worth of shares in insurance underwriter <b>Amlin</b>. Holt bought 500,000 shares at 411.75p each, which takes his shareholding to 759,102 shares. Holt joined Amlin in 1980 and was appointed to the board in 2000. He was group underwriting director between 1999 and his retirement at the end of 2008. Holt became a non-executive director at the beginning of 2009. On Tuesday, Amlin chief executive Charles Philipps exercised 114,050 options at 161.77p a share and sold 95,506 shares at 407.01p each. He retains a shareholding of 588,033 shares. The share dealing follows the release of Amlin's 2009 figures on Monday. Pre-tax profits increased from £121.6m to £509m on premium income up 49% to £1.54bn. The total dividend was increased from 17p a share to 20p a share. The final dividend is 13.5p a share and Holt will be entitled to this on the shares he has just purchased. These figures exceeded forecasts, in part due to a reserve release of £174.1m (£114.7m). KBC Peel Hunt describes Amlin as "the class act of the sector". "Amlin rightly trades at a premium to the Sector", it adds. <b>Top Director Buys</b> Amlin (AML) Director name: Mr A W Holt Amount purchased: 500,000 @ 411.75p Value: £2,058,750 New Europe Property Investments (NEPI) Director name: Mr Desmond de Beer Amount purchased: 125,000 @ € 2.56 Value: € 320,000 GlobeOp Financial Services (GO.) Director name: Mr Edward Annunziato Amount purchased: 44,452 @ 220.40p Value: £97,972 Record (REC) Director name: Mr Paul Sheriff Amount purchased: 138,103 @ 66.00p Value: £91,148 W H Ireland (WHI) Director name: Mr Richard Ford Amount purchased: 73,000 @ 38.50p Value: £28,105 Aviva (AV.) Director name: Mr Michael Hawker Amount purchased: 5,000 @ 381.34p Value: £19,067 <b>Top Director Sells</b> Xstrata (XTA) Director name: Mr Michael Davis Amount sold: 230,110 @ 1,066.00p Value: £2,452,973 Xstrata (XTA) Director name: Mr Trevor Reid Amount sold: 115,055 @ 1,066.00p Value: £1,226,486 Pearson (PSON) Director name: Ms Marjorie Scardino Amount sold: 113,703 @ 950.04p Value: £1,080,224 Burberry Group (BRBY) Director name: Ms Angela Ahrendts Amount sold: 115,139 @ 635.02p Value: £731,156 Pearson (PSON) Director name: Ms Marjorie Scardino Amount sold: 72,279 @ 950.04p Value: £686,679 Pearson (PSON) Director name: Mr Will Ethridge Amount sold: 47,106 @ 950.04p Value: £447,526 Burberry Group (BRBY) Director name: Ms Stacey Cartwright Amount sold: 52,809 @ 635.02p Value: £335,348 Pearson (PSON) Director name: Ms Rona A Fairhead Amount sold: 34,686 @ 950.04p Value: £329,531 Pearson (PSON) Director name: Mr Robin Freestone Amount sold: 34,686 @ 950.04p Value: £329,531 Pearson (PSON) Director name: Ms Rona A Fairhead Amount sold: 31,300 @ 950.04p Value: £297,363
©2004-2009 QCK.com
