27th Jan 2015 14:27
LONDON (Alliance News) - Crest Nicholson Holdings PLC said Production Director Steve Evans sold 350,000 shares at a price of 382 pence per share Tuesday.
The deal is worth about GBP1.3 million gross.
Earlier Tuesday, the house builder reported a 44% increase in pretax profit in its last financial year, buoyed by higher house completions and average selling prices, and said it's on track to hit its revenue growth target of between 70% and 80% by 2016 compared with the 2013 level after a strong start to its new year. It also offered a sweetener to shareholders, saying it intends to move its dividend towards being covered 2.0 times by earnings over the next three years, reflecting its strong cash generation.
Following this transaction, Evans holds 307,765 shares, which represents a 0.122% stake in the firm.
The stock was trading up 2.6% at 381.91p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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