Home
Investment
News & Views
Company News
news storage
Ultra boss sells
Tue, 07 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
Ultra boss sells
Fri, 4 Dec 2009, 17:28:00
<b>Ultra Electronics</b> chief executive Douglas Caster has generated £5.85m from the sale of just over two-fifths of his shareholding in the defence electronics supplier. He states in the announcement that the sale was for "family and tax planning reasons". Caster has also transferred his remaining 635,555 shares into the name of his wife Elizabeth Caster. Caster started his career at Racal Electronics and he has subsequently worked for Schlumberger and Dowty. He joined Dowty in 1988 and became managing director of its sonar and communications systems business in 1992. He was involved the management buyout that formed Ultra in 1993 and became chief executive in April 2005. Chairman, and former chief executive, Julian Blogh will retire in April 2011 and Caster will also retire as chief executive and take over as chairman. Rakesh Sharma becomes chief operating officer at the beginning of 2010. Ultra's interim management statement in November said that revenue continues to grow. The order book covers 60% of expected revenues for the next 12 months. <b>Top Director Buys</b> Mitie Group (MTO) Director name: Mr Roger Matthews Amount purchased: 40,000 @ 232.91p Value: £93,164 Murray International Trust (MYI) Director name: Mr James Douglas Best Amount purchased: 5,300 @ 772.50p Value: £40,942 Severfield-Rowen (SFR) Director name: Mr Toby Hayward Amount purchased: 20,000 @ 180.00p Value: £36,000 Aberdeen Asset Management (ADN) Director name: Mr Simon Troughton Amount purchased: 20,000 @ 140.29p Value: £28,058 Dialight (DIA) Director name: Mr Richard Stuckes Amount purchased: 10,440 @ 193.00p Value: £20,149 Westhouse Holdings (WHL) Director name: Mr Andrew Beeson Amount purchased: 33,000 @ 61.00p Value: £20,130 BSS Group (BTSM) Director name: Mr Roddy Murray Amount purchased: 7,500 @ 250.20p Value: £18,765 Tristel (TSTL) Director name: Mr Paul Christopher Swinney Amount purchased: 26,000 @ 59.50p Value: £15,470 Tristel (TSTL) Director name: Mr Bruce Green Amount purchased: 26,000 @ 59.50p Value: £15,470 Silverdell (SID) Director name: Mr Sean Nutley Amount purchased: 127,000 @ 11.75p Value: £14,922 <b>Top Director Sells</b> Ultra Electronics Holdings (ULE) Director name: Mr Douglas Caster Amount sold: 450,000 @ 1,300.00p Value: £5,850,000 Jardine Matheson (Singapore) (JAR) Director name: Mr Simon L Keswick Amount sold: 48,800 @ $29.98 Value: $1,462,951
©2004-2009 QCK.com
