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: 211.00

Chg: -2.40

Chg %: -1.12%

Date: 17:00

FTSE 250 Quote

Price: 18,192.69 Chg: 38.14 Chg %: 0.21% Date: 17:14

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.


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

NASDAQ 100 Top Risers

Name Last Chg.% Time
Expedia Inc. 113.00 6.71 22:10
NetApp Inc. 33.14 4.31 22:10
Intuit Inc. 106.76 2.50 22:10
Analog Devices Inc. 67.10 2.45 22:10
Avago Technologies Ltd. 132.64 2.35 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Ross Stores Inc. 97.03 -4.45 22:09
Autodesk Inc. 56.39 -1.95 22:10
Dollar Tree Inc 77.18 -1.91 22:10
Charter Communications Inc. 175.33 -1.86 21:41
Wynn Resorts Ltd. 106.54 -1.44 21:55