Director dealings: Bodycote's outgoing FD halves stake before ex-div date

Bodycote's outgoing finance director David Lawless has sold half his shares in the metal heat treatment group.

Lawless, who has been at the company since 1999 and is moving into a non-executive portfolio career, made almost £370,000 after selling 62,000 shares at 594.18p apiece.

He made the sale just after shares in Bodycote recent hit a six-month high, but maintained a modicum of loyalty by holding onto 63,203 shares.

Surprisingly Lawless is selling half his stake just a few weeks before the 22 April ex-dividend date, with the company due to pay a final ordinary dividend of 10.3p and a further special dividend of 10p, both of which will be paid on 3 June

Top Director Buys

Finsbury Growth & Income Trust (FGT)
Director name: Allard,John
Amount purchased: 215 @ 603.70p
Value: £1,297.96

Finsbury Growth & Income Trust (FGT)
Director name: Allard,John
Amount purchased: 88 @ 603.70p
Value: £531.26

Top Director Sells

Bodycote (BOY)
Director name: Landless,David F
Amount sold: 62,000 @ 594.18p
Value: £368,388.50

Digital Globe Services Ltd (di) (DGS)
Director name: Watson,Anthony
Amount sold: 33,416 @ 85.00p
Value: £28,403.60

Blackrock Frontiers Investment Trust (BRFI)
Director name: Ruddick,Lynn
Amount sold: 15,826 @ 103.75p
Value: £16,419.48