Learning Technologies Group sells shares to pay for house renovations

The company revealed on Wednesday that chief executive Jonathan Satchell cashed up 3.175m shares for a total of £730,250 to pay for a “personal property renovation”. However it’s only a fraction of his stake in the company, still holding nearly 27% of shares after the sale.

Deputy chairman Harry Hill acquired 165,000 shares for a total value of £38,577, while chief operating officer Dale Solomon exercised 240,000 of his nearly two million options and promptly sold them for £55,200.

The Ice Blue Directors Pension Scheme also picked up another small stake in LXB Retail Properties. The scheme, of which company director John Irvine is a trustee and beneficiary, now hold 3,777,569 shares in the company – a 2.06% interest that’s slowly rising.

Top Director Buys

LXB Retail Properties (LXB)

Director name: Mr John Alastair Irvine

Amount purchased: 1,022,530 @ 86.00p

Value: £879,376

BP (BP.)

Director name: Mr Brian Gilvary

Amount purchased: 60,000 @ 328.65p

Value: £197,190

Learning Technologies Group (LTG)

Director name: Mr Harry D Hill

Amount purchased: 165,000 @ 23.38p

Value: £38,577

Satellite Solutions Worldwide Group (SAT)

Director name: Mr Michael Tobin

Amount purchased: 580,000 @ 4.20p

Value: £24,360

Satellite Solutions Worldwide Group (SAT)

Director name: Mr Paul Howard

Amount purchased: 500,000 @ 4.25p

Value: £21,250

Diploma (DPLM)

Director name: Mrs Anne Thorburn

Amount purchased: 3,000 @ 657.00p

Value: £19,710

Volex (VLX)

Director name: Mr Daren Morris

Amount purchased: 20,000 @ 71.40p

Value: £14,280

Top Director Sells

Learning Technologies Group (LTG)

Director name: Mr Jonathan Satchell

Amount sold: 3,175,000 @ 23.00p

Value: £730,250

Mandarin Oriental International (Singapore) (MDO)

Director name: Mr Michael Hobson

Amount sold: 79,900 @ $1.52

Value: $121,816

Learning Technologies Group (LTG)

Director name: Mr Dale Solomon

Amount sold: 240,000 @ 23.00p

Value: £55,200