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Admiral CFO in share disposal

Wed, 18th Apr 2012 14:14

Kevin Chidwick, Chief Financial Officer of Admiral, the FTSE 100 car insurance group, has sold off a chunk of shares awarded to him through the firm's senior executive restricted share plan.Chidwick, 48, offloaded 34,207 shares at 1,179.00p each for a total of £403,301. The director also retained 10,802 shares. Chidwick and his family now hold a total of 83,800 ordinary shares in Admiral. Last month the company decided to pay a special dividend after it saw pre-tax profits rise 13% to £299m in 2011 with net revenue up 36% at £870.3m. Both those figures beat the consensus forecast of £291m and £849m, respectively. Earnings per share came in at 81.9p, against a market expectation of of 81p. The special dividend payment was 38.8p, raising the total dividend for the year to 75.6p, an 11% increase over 2010. Top Director BuysBullabulling Gold Limited (DI) (BGL) Director name: Mr Peter John Mansell Amount purchased: 300,000 @ 18.39p Value: £55,170XP Power Ltd. (DI) (XPP) Director name: Mr James E PetersAmount purchased: 7,000 @ 1,100.00p Value: £77,000BlackRock World Mining Trust (BRWM) Director name: Mr Oliver A G BaringAmount purchased: 3,000 @ 668.50p Value: £20,055Dechra Pharmaceuticals (DPH) Director name: Mr Bryan Morton Amount purchased: 2,804 @ 511.85p Value: £14,352Top Director SellsAdmiral Group (ADM) Director name: Mr Kevin ChidwickAmount sold: 34,207 @ 1,179.00p Value: £403,301IPSO Ventures (IPS) Director name: Mr Craig Rochford Amount sold: 400,000 @ 2.88p Value: £11,520NR

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