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Director dealings: Chemring CEO lowers stake

(Sharecast News) - Chemring revealed on Wednesday that chief executive Michael Ord had disposed of 200,000 ordinary shares in the FTSE 250-listed defense technology company. Ord, who took over as CEO in June 2018, sold the shares on Tuesday at an average price of 611.85p each, for a total value of £1.22m.

Following the sale, Ord holds a beneficial interest in 372,991 ordinary Chemring shares.

As of 1530 BST, Chemring shares were up 3.50% at 635p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Pci-pal (PCIP) Director name: Rand,Carolyn Amount purchased: 8,608 @ 5,810.00p Value: £500,124.79

Peel Hunt Limited Npv (PEEL) Director name: Neve ,Billy Amount purchased: 8,089 @ 97.00p Value: £7,846.33

Aberdeen New India Investment Trust (ANII) Director name: Ecsery,Francesca Amount purchased: 405 @ 734.40p Value: £2,974.32

Top Director Sells

Redcentric (RCN) Director name: Scott,Oliver Rupert Andrew Amount sold: 11,947,139 @ 160.00p Value: £19,115,422.68

Redcentric (RCN) Director name: Radziwill,John Amount sold: 9,345,454 @ 160.00p Value: £14,952,726.62

Chemring Group (CHG) Director name: Ord,Michael Amount sold: 200,000 @ 611.85p Value: £1,223,694.42

Shell (SHEL) Director name: Gorman,Sinead Amount sold: 30,000 @ 3,368.66p Value: £1,010,596.96

Babcock International Group (BAB) Director name: Mellors,David Amount sold: 24,804 @ 1,144.33p Value: £283,839.03

Iqe (IQE) Director name: Bastani,Bamdad Amount sold: 500,000 @ 45.83p Value: £229,150.00

Redcentric (RCN) Director name: Aubrey,Alan John Amount sold: 39,343 @ 160.00p Value: £62,948.80

Peel Hunt Limited Npv (PEEL) Director name: Neve ,Billy Amount sold: 25,430 @ 96.44p Value: £24,524.69

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.