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(Sharecast News) - Best of the Best was in focus in terms of director dealings on Friday, as a large number of shares were sold to Globe Invest after the latter decided to purchase a "strategic stake" on Thursday under a letter of intent.
The competition operator said William Hindmarch sold 1,689,970 shares for 400p each, netting a total of £6,759,880.00.
Following the transaction, the chief executive officer now had a beneficial interest in 992,331 shares, representing 11.9% of its issued share capital.
Rupert Garton, meanwhile, sold 477,822 shares for 400p apiece, valuing the sale at £1,911,288.00.
As a result, the commercial director now had a beneficial interest in 280,571 shares, representing 3.4% of its issued share capital.
Finally, former chairman Michael Hindmarch sold 333,948 shares at 400p each, leaving him with a beneficial interest in 206,657 shares, or 2.47% of the issued capital of the company.
Best of the Best said Globe Invest acquired 2,501,740 shares at a price of 400p, representing 29.9% of its issued share capital.
At 1201 BST, shares in Best of the Best were down 1.74% at 432.33p.
Reporting by Josh White at Sharecast.com.
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Top Director Sells
Best Of The Best (BOTB)
Director name: Hindmarsh,Wlliam
Amount sold: 1,689,970 @ 400.00p
Value: £6,759,880.00
Best Of The Best (BOTB)
Director name: Garton,Rupert
Amount sold: 477,822 @ 400.00p
Value: £1,911,288.00
Cranswick (CWK)
Director name: Bottomley,Mark
Amount sold: 2,670 @ 2,997.13p
Value: £80,023.37
