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SThree Asian Pacific director sells 74,176 shares

Wed, 23rd Oct 2013 16:29

- Asia Pacific director sells 74,176 shares - Awarded as consideration for purchase of minority interests The Managing Director of SThree's Asia Pacific arm, Justin Hughes, this week sold off £264,808-worth of shares in the staffing business, which specialises in the IT sector. Hughes disposed of all 74,176 awarded shares at 357p each. SThree operates a scheme under which employees can obtain an equity stake in the business they are responsible for, which is then purchased back by the company after a specified time frame. At the beginning of last month the group reported a drop in third quarter profits but the figures also showed its expansion into new sector disciplines has been paying off.Third quarter profits were down 2% year-on-year, but they were up 5% compared with the second quarter and there was a particularly strong performance from the energy, pharma and biotech sectors.The contract side of the business had a strong quarter with profits up 7% year-on-year but permanent profits were down 11%.Top Director BuysTungsten Corporation (TUNG) Director name: Mr Michael Alan SpencerAmount purchased: 200,000 @ 231.00p Value: £462,000Landore Resources Ltd. (LND) Director name: Mr William HumphriesAmount purchased: 4,250,000 @ 2.00p Value: £85,000Atlantic Coal (ATC) Director name: Mr Stephen BestAmount purchased: 7,300,000 @ 0.27p Value: £19,710Bluecrest Bluetrend Ltd Red GBP (BBTS) Director name: Mr Huw SalterAmount purchased: 20,000 @ 87.25p Value: £17,450Magnolia Petroleum (MAGP) Director name: Mr Ronald Sanford HarwoodAmount purchased: 500,000 @ 2.70p Value: £13,500Magnolia Petroleum (MAGP) Director name: Mr Gavin John BurnellAmount purchased: 450,000 @ 2.71p Value: £12,195Top Director SellsECO Animal Health Group (EAH) Director name: Mr Marc Denham LoomesAmount sold: 233,370 @ 190.00p Value: £443,403ECO Animal Health Group (EAH) Director name: Mr Brett ClemoAmount sold: 175,000 @ 190.00p Value: £332,500ECO Animal Health Group (EAH) Director name: Mr Kevin StockdaleAmount sold: 145,000 @ 190.00p Value: £275,500ECO Animal Health Group (EAH) Director name: Ms Julia TrouseAmount sold: 145,000 @ 190.00p Value: £275,500SThree (STHR) Director name: Mr Justin HughesAmount sold: 74,176 @ 357.00p Value: £264,808Dairy Farm International Holdings Ltd. (Singapore) (DFI) Director name: Mr Michael KokAmount sold: 19,800 @ $11.30 Value: $223,722Randall & Quilter Investment Holdings (DI) (RQIH) Director name: Mr Paul McNamaraAmount sold: 49,106 @ 168.00p Value: £82,498Central Asia Metals (CAML) Director name: Mr Howard Nicholson Amount sold: 41,827 @ 157.01p Value: £65,673NR
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