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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

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Share Price: 26.50
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Travis Perkins Finance Director continues to reduce stake ahead of retirement

Fri, 19th Oct 2012 16:42

Paul Hampden Smith, who has been the Finance Director at Travis Perkins since 1996, has reduced his stake in the building materials supplier following the announcement of his retirement plans last Friday. The sales, which were announced after the close on Friday, were made between October 16th and 17th over eight separate transactions, of which six related directly to shares belonging to his wife, Sarah Hampden Smith. Altogether 68,800 shares were sold for an average price of 1,109.09p for a total of £763,054. Last week the director announced his intention to retire from the board early next year. He has been with the company for over 20 years and now intends to pursue a portfolio career. He will stay with the group until September 2013 to ensure a proper handover. The announcement of his retirement plans coincided with company's most recent interim management statement, in which it admitted that total sales in the third quarter were down 2.4% year-on-year, as the group struggled with the poor weather and the competing attraction of the Olympics. Like-for-like sales per trading day were down 3.5% on the corresponding period of last year. Despite this, shares in the company are still up 32% over the past 12 months, equal to 267p. Following the transaction, Paul Hampden Smith has a beneficial interest in 164,922 shares, equal to less than 0.1% of the issued share capital. Top Director BuysCondor Gold (CNR) Director name: Mr Jim Mellon Amount purchased: 38,820 @ 160.00p Value: £62,112JKX Oil & Gas (JKX) Director name: Ms Cynthia DubinAmount purchased: 40,000 @ 80.00p Value: £32,000Ashtead Group (AHT) Director name: Mr Ian SutcliffeAmount purchased: 8,332 @ 358.00p Value: £29,829Condor Gold (CNR) Director name: Mr Roger Owen DaveyAmount purchased: 12,500 @ 160.00p Value: £20,000Top Director SellsNews Corp. 'A' Shares (NCRA) Director name: Mr John L ThorntonAmount sold: 24,680 @ $24.77 Value: $611,324News Corp. 'A' Shares (NCRA) Director name: Mr Andrew S B KnightAmount sold: 24,680 @ $24.77 Value: $611,324Nanoco Group (NANO) Director name: Mr Michael EdelmanAmount sold: 1,000,000 @ 57.00p Value: £570,000Nanoco Group (NANO) Director name: Mr Nigel PickettAmount sold: 1,000,000 @ 57.00p Value: £570,000News Corp. 'A' Shares (NCRA) Director name: Mr Andrew S B KnightAmount sold: 18,908 @ $24.77 Value: $468,351News Corp. 'A' Shares (NCRA) Director name: Mr John L ThorntonAmount sold: 18,908 @ $24.77 Value: $468,351
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IN BRIEF: Condor Gold raises GBP1 million via chair's company

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Burnbrae Group Ltd, sends notice to Condor Gold which will result in the issue of 6.7 million new shares at an issue price of 15p per share to raise GBP1 million. Condor Gold has approval for the shares to be listed on the Toronto Stock Exchange. Condor Gold adds that it is in discussions with other shareholders who have expressed interest in investing alongside the chair and largest shareholder on the same terms, with an update to be provided shortly. Chair Jim Mellon says: "I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further GBP1 million is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

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IN BRIEF: Condor Gold says five acquisition offers received

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