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Paddy Power non-exec trims stake

Fri, 19th Jun 2009 17:30

Tom Grace, senior independent director of Paddy Power, has cut his stake in the Irish bookie, which has seen a rally in the share price since February.Grace, a former Irish rugby international and the treasurer of the Irish Rugby Football Union, sold €165,000 worth at €10 per share. Grace joined the Paddy Power board in 2006. Paddy Power's share price has picked up after an upbeat trading statement in May.Top Director BuysSpirax-Sarco Engineering (SPX) Director name: Mr Mark VernonAmount purchased: 5,000 @ 755.50p Value: £37,775Legal & General Group (LGEN) Director name: Mr Rudy MarkhamAmount purchased: 40,000 @ 62.40p Value: £24,960Top Director SellsRSA Insurance Group (RSA) Director name: Mr Andrew K HasteAmount sold: 1,323,529 @ 120.90p Value: £1,600,147RSA Insurance Group (RSA) Director name: Mr George CulmerAmount sold: 673,870 @ 120.90p Value: £814,709RSA Insurance Group (RSA) Director name: Mr Simon P G LeeAmount sold: 475,901 @ 120.90p Value: £575,364RSA Insurance Group (RSA) Director name: Mr Mark Richard ChambersAmount sold: 409,610 @ 120.90p Value: £495,218IFG Group (IFP) Director name: Mr Declan KennyAmount sold: 250,000 @ 72.34p Value: £180,850Paddy Power (PAP) Director name: Mr Tom GraceAmount sold: 10,000 @ € 16.50 Value: € 165,000Man Group (EMG) Director name: Mr Peter Lawrence ClarkeAmount sold: 54,734 @ 283.00p Value: £154,897RSA Insurance Group (RSA) Director name: Mr Adrian BrownAmount sold: 109,678 @ 120.90p Value: £132,601JSM Indochina (JSM) Director name: Mr Craig D JonesAmount sold: 200,000 @ $0.56 Value: $112,800

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