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Fiberweb chief exec trims stake

Mon, 07th Sep 2009 16:21
Daniel Dayan, chief executive of Fiberweb, has sold ÂŁ455,000 worth of shares in the fabrics group.Dayan sold 700,000 ordinary shares at a price of 65p each. He now owns 900,394 shares, or 0.74%, in the company.Last month, Fiberweb announced it slipped into losses of ÂŁ13m in the half year to June as revenues dropped, though the firm added that there are some signs the market is now stabilising. Revenues fell by 6.8% to ÂŁ242.5m reflecting the impact of both the pass-through effect of lower raw material prices and lower volumes. Top Director BuysImpellam Group (IPEL) Director name: Ms Cheryl JonesAmount purchased: 900,000 @ 30.00p Value: ÂŁ270,000Top Director SellsSpice (SPI) Director name: Mr Oliver LightowlersAmount sold: 2,400,000 @ 71.00p Value: ÂŁ1,704,000Amec (AMEC) Director name: Mr Neil BruceAmount sold: 123,012 @ 738.50p Value: ÂŁ908,444Fiberweb (FWEB) Director name: Mr Daniel DayanAmount sold: 700,000 @ 65.00p Value: ÂŁ455,000Abbey Protection (ABB) Director name: Mr Chris WardAmount sold: 591,222 @ 65.40p Value: ÂŁ386,659Euromoney Institutional Investor (ERM) Director name: Sir Sir Patrick John Rushton SergeantAmount sold: 40,379 @ 264.10p Value: ÂŁ106,641Energy XXI (Bermuda) (Reg S) (EXXS) Director name: Mr Steven Albert WeyelAmount sold: 100,000 @ $1.00 Value: $100,000

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