Perform directors make triple sale and donate to charity

Simon Denyer, a joint Chief Executive Officer of Perform, sold around 1.1m shares on Friday, just one day after the digital sports media company announced it had swung to a profit in the first half of the year. Denyer (and related parties) sold a total of 1,100,720 shares for £4.15m. He also made a donation of 275,180 ordinary shares to three charities: the Richard Thomas Leukaemia Fund; Great Ormond Street Hospital; and World Vision. Together these transactions represent 5.0% of his total holding. The company's other joint Chief Executive Officer, Oliver Slipper, also made a sale, trading in 300,000 shares, equal to 4.7% of his holding, at the same price for a total of £1.12m. The pair were joined by David Surtees, the Chief Financial Officer of the company, who earned £1.68m from the sale of 450,000 shares, also at 374p. Perform delivered a profit for the six months to the end of June after turnover got a boost from increased licence fees from the Watch and Bet service, strong growth in video and display advertising sales, and incremental revenue from the RunningBall and Spox services. Pre-tax profit came in at £3.4m, up from a loss £2.2m in the same period last year, on revenues of £67.4m, compared with £45.1m previously. The increase in earnings was slightly offset by an increase in the cost of sales, from £24.1m to £33.2m, and a rise in administrative expenses, from £22.98m to £30.57m. Top Director BuysSchroders (Non-Voting) (SDRC) Director name: Mr Philip MallinckrodtAmount purchased: 15,500 @ 1,133.00p Value: £175,615Cape (CIU) Director name: Mr Tim J C Eggar Amount purchased: 12,000 @ 229.00p Value: £27,480Top Director SellsBig Yellow Group (BYG) Director name: Mr Philip BurksAmount sold: 250,000 @ 300.00p Value: £750,000NR