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Director dealings: Convatec CEO sells shares

(Sharecast News) - Convatec revealed on Friday that chief executive Karim Bitar had disposed of 1.25m ordinary shares in the FTSE 100-listed medical products and technologies company. Bitar, who recently announced he would take a medical leave of absence, sold the shares on Thursday at an average price of 226.50p each, for a total value of £2.83m.

As of 1520 BST, Convatec shares were down 0.95% at 228.60p.

Reporting by Iain Gilbert at Sharecast.com

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Top Director Sells

Convatec Group (CTEC) Director name: Bitar,Karim Amount sold: 1,250,000 @ 226.50p Value: £2,831,250.13

Frontier Developments (FDEV) Director name: Braben ,David John Amount sold: 8,500 @ 387.50p Value: £32,937.50

Staffline Group (STAF) Director name: Spain,Thomas Amount sold: 40,414 @ 45.10p Value: £18,226.71

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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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