24th Oct 2013 17:27
LONDON (Alliance News) - Hargreaves Services PLC Thursday said Chief Executive Gordon Banham has sold 880,000 shares in the company for GBP7.8 million.
Banham sold 710,000 shares at 890 pence per share on Tuesday and a further 170,000 shares at 900p per share on Thursday.
The haulage services company also said Commercial Director Kevin Dougan sold 100,000 shares at 900 pence per share Thursday, raising GBP900,000 before expenses.
The shares were sold by both directors as part of long-term tax planning, Hargreaves Services said.
Banham now has a beneficial holding of 2.3 million shares, or 6.8% of the company, while Dougan has a holding of 113,213 shares, or 0.3%.
Hargreaves Services shares Thursday closed at 900.07 pence, down 0.4%.
By Samuel Agini; [email protected]; @samuelagini
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