Login/Register

Imagination Technologies CEO makes multi-million pound sale

Market Buzz

Imagination Technologies CEO makes multi-million pound sale

Fri, 27 January 2012
Article viewed 9 times
Imagination Technologies CEO makes multi-million pound sale
Imagination Technologies Group Quote more

Price: 204.50

Chg: 1.50

Chg %: 0.74%

Date: 16:30

The Chief Executive Officer of chip designer Imagination Technologies has sold off a number of shares in the firm to pay income tax and national insurance of around £3.5m, due as a result of exercising nil-cost share options under the company's employee share plan.

Following the £4.6m sale of 802,000 ordinary shares, Hossein Yassaie now holds 800,832 shares in the firm.

At the beginning of January the firm took a stake in new company Toumaz Microsystems, a subsidiary of AIM-listed firm Toumaz.

Imagination is set to invest £5m in the new company in return for a 25% stake.

In mid-December the firm reported a 52% rise in adjusted pre-tax profit, which rose from £10.1m to £15.3m year-on-year for the six months ended October 31st.

In the past 12 months Imagination's share price has soared almost 60%.

In today's trading the stock gain 0.52% to 582.5p by 15:46.

NR



Top Director Buys

West African Minerals Corporation (DI) (WAFM)
Director name: Mr Guy Elliott
Amount purchased: 200,000 @ 16.50p
Value: £33,000

Immunodiagnostic Systems Holdings (IDH)
Director name: Dr Patrik Olof Dahlen
Amount purchased: 10,782 @ 305.00p
Value: £32,885

Universe Group (UNG)
Director name: Mr Stephen McLeod
Amount purchased: 2,000,000 @ 1.50p
Value: £30,000

Top Director Sells

Imagination Technologies Group (IMG)
Director name: Dr Hossein Yassaie
Amount sold: 802,000 @ 577.41p
Value: £4,630,828

FTSE 100 Top Risers

Name Last Chg.% Time
Shire Plc 4,050.00 3.98 16:48
Vodafone Group 200.50 1.85 16:48
Standard Chartered 1,115.00 1.46 16:48
Old Mutual 184.70 0.65 16:40
3i Group 379.90 0.64 16:46

FTSE 100 Top Fallers

Name Last Chg.% Time
Pearson 1,139.00 -2.57 16:48
Anglo American 1,306.50 -2.50 16:36
G4S 251.00 -2.41 16:40
Tullow Oil 494.60 -2.16 16:40
BHP Billiton 1,624.50 -2.05 16:48