27th Nov 2013 16:35
LONDON (Alliance News) - Spirax-Sarco Engineering PLC Wednesday said Finance Director David Meredith and Group HR Director Frank Richardson sold 15,000 shares from their retirement funds for 2879 pence per share to comply with company rules on Tuesday.
The company said the men sold the shares to comply with the company rule that no more than 5% of the retirement benefits scheme assets may be held in the company.
Following the transaction, the men hold 64,157 shares, or 79,157 shares following consolidation.
Spirax-Sarco shares were up 0.5% to 2,922 pence Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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