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Director dealings: Ascential CEO offloads shares

(Sharecast News) - Ascential revealed on Wednesday that chief executive Duncan Painter had disposed of 80,610 ordinary shares in the FTSE 250-listed business-to-business media firm. Painter, who took over as CEO in 2011, sold the shares on Tuesday at an average price of 268.13p each, for a total value of £216,141.45.

Ascential said on Monday that it had agreed to sell its digital commerce business and its product design business, WGSN, for a combined £1.4bn. The digital commerce business will be sold to Omnicom for around £741.0m, while WGSN will be sold to Apax Partners for up to £700.0m.

As of 1600 GMT, Ascential shares were up 1.38% at 265.40p.

Reporting by Iain Gilbert at Sharecast.com

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Ceiba Investments Limited Npv (CBA) Director name: Kingsnorth,Colin Amount purchased: 1,400,000 @ 29.50p Value: �412,999.98

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Hydrogen Utopia International (HUI) Director name: Formanko,Paul Amount purchased: 75,000 @ 6.45p Value: �4,836.75

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Top Director Sells

Avation (AVAP) Director name: Chatfield,Robert Jeffries Amount sold: 300,000 @ 125.00p Value: �375,000.00

Ascential (ASCL) Director name: Painter,Duncan Amount sold: 80,610 @ 268.13p Value: �216,141.45

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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.

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