VEC.L Share News (VEC)

(ShareCast News) - Skyepharma's chief financial officer Andrew Derodra has pocketed a healthy cash injection after the completion of the merger with Vectura.Derodra exercised nil-cost options over 150,000 Skyepharma shares that were a bonus in his long-term incentive plan that vested on completion of the merger on Friday and so were automatically converted into new Vectura shares.Under the merger agreement, shares in Skyepharma are exchanged for ordinary shares of 0.025 pence in Vectura at a ratio of 2.7977405 Vectura shares for each Skyepharma share.Derodra, who is remaining part of the management team of the enlarged group, later on Friday sold all 419,661 of his new Vectura shares in London at an average price of £1.536209 per share, making over £644,000.The combined group will see Derodra led by James Ward-Lilley, Vectura's chief executive officer, in the CEO seat, with Vectura's Trevor Phillips as chief operating officer and Vectura chairman Bruno Angelici also chairman of the enlarged group. Top Director BuysGlobalworth Real Estate Investments Limited (GWI)Director name: Papalekas,Ioannis Amount purchased: 10,000 @ € 5.15Value: € 51,500.00Hikma Pharmaceuticals (HIK)Director name: Darwazah,MazenAmount purchased: 70,000 @ 21.65pValue: £15,155.00Hikma Pharmaceuticals (HIK)Director name: Darwazah,SaidAmount purchased: 70,000 @ 21.65pValue: £15,155.00Hikma Pharmaceuticals (HIK)Director name: Al-Husry,AliAmount purchased: 70,000 @ 21.65pValue: £15,155.00Stilo International (STL)Director name: Ashman,DavidAmount purchased: 200,000 @ 5.63pValue: £11,250.00U And I Group (UAI)Director name: Weiner,MatthewAmount purchased: 20,985 @ 1.85pValue: £388.22Johnson Matthey (JMAT)Director name: MacLeod,RobertAmount purchased: 12 @ 2,889.00pValue: £346.68Johnson Matthey (JMAT)Director name: Walker,JohnAmount purchased: 12 @ 2,889.00pValue: £346.68Top Director SellsVectura Group (VEC)Director name: Derodra,AndrewOption sale: 419,661 @ 153.62pValue: £644,687.00Young & Co's Brewery 'a' Shares (YNGA)Director name: Whitehead,PeterAmount purchased: 20,391 @ 1,201.00pValue: £244,895.91Young & Co's Brewery 'a' Shares (YNGA)Director name: Goodyear,StephenAmount purchased: 15,000 @ 1,201.00pValue: £180,150.00Young & Co's Brewery 'a' Shares (YNGA)Director name: Sligo-Young,TorquilAmount purchased: 8,000 @ 1,201.00pValue: £96,080.00Young & Co's Brewery 'a' Shares (YNGA)Director name: Sligo-Young,TorquilAmount purchased: 2,500 @ 1,201.00pValue: £30,025.00