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Dialight Chairman makes first sale since company listed

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Dialight Chairman makes first sale since company listed

Mon, 28 May 2012
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Dialight Chairman makes first sale since company listed
CLS Holdings Quote more

Price: 203.10

Chg: -0.70

Chg %: -0.34%

Date: 16:50

FTSE 250 Quote

Price: 19,641.28 Chg: 25.03 Chg %: 0.13% Date: 17:04

The Chairman of Dialight, the LED lighting developer, has sold his first batch of shares in the company since the company was listed in 1993.

Harry Tee, who made the sale in order to fund an existing financial commitment, earned 955p for each of the 425,000 shares, bagging himself total of £4,058,750.

The company was keen to stress that despite the large transaction, Tee "remains a significant shareholder", holding 1,028,357 ordinary shares, equal to around 3.2% of the issued share capital of the company. The Chairman confirmed he has no intention to sell any more shares in the company in the near future.

Investors didn't seem to be too bothered by the sale, with shares up 2.23% at 1,007p by late afternoon on Monday.


Top Director Buys

Home Retail Group (HOME)
Director name: Mr Terry Duddy
Amount purchased: 160,000 @ 76.87p
Value: £122,992

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 165,000 @ 70.22p
Value: £115,863

North Atlantic Smaller Companies Inv Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 10,000 @ 950.00p
Value: £95,000

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 9,233 @ 600.00p
Value: £55,398

Ceres Media International (CMI)
Director name: Mr Leslie C. Barber
Amount purchased: 4,500,000 @ 1.00p
Value: £45,000

Ceres Media International (CMI)
Director name: Mr Alexexander S. Dowdeswell
Amount purchased: 3,000,000 @ 1.00p
Value: £30,000

Mediterranean Oil & Gas (MOG)
Director name: Mr Miles Donnelly
Amount purchased: 400,000 @ 5.35p
Value: £21,400

HaiKe Chemical Group Ltd. (DI) (HAIK)
Director name: Mr Zaizhong Zhang
Amount purchased: 50,000 @ 29.50p
Value: £14,750

Mediterranean Oil & Gas (MOG)
Director name: Mr Keith Henry
Amount purchased: 250,000 @ 5.44p
Value: £13,600


Top Director Sells

Dialight (DIA)
Director name: Mr Henry Leonard Tee
Amount sold: 425,000 @ 955.00p
Value: £4,058,750

M Winkworth (WINK)
Director name: Mr Simon Agace
Amount sold: 50,000 @ 85.00p
Value: £42,500