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: 219.00

Chg: 2.00

Chg %: 0.92%

Date: 17:00

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

FTSE 100 Top Risers

Name Last Chg.% Time
Weir Group 2,706.00 2.54 17:08
Anglo American 1,562.00 2.53 17:10
Tesco 230.70 2.37 17:06
Hargreaves Lansdown 1,139.00 1.97 17:04
Aviva 525.00 1.94 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
Royal Bank of Scotland Group 351.50 -2.44 17:08
Randgold Resources Ltd. 4,989.00 -1.85 17:06
IMI 1,329.00 -1.85 17:06
Royal Mail 440.00 -1.74 17:06
Barratt Developments 362.50 -1.74 17:02