(ShareCast News) - Two high ranking directors of workplace e-learning service Learning Technologies Group collected £2.25m apiece after selling ordinary shares in the firm on Tuesday as part of an effort to "satisfy institutional buying demand."
Jonathan Satchell, LTG's chief executive and Piers Lea, the group's chief strategy officer, each sold 3m ordinary shares in the firm at 75p each.
Recent results from LTG have been encouraging.
Back in January it guided towards group revenues for 2017 of at least £51.8m, up from £28.3m in 2016. Adjusted earnings before interest and tax were projected to be materially ahead of market expectations at not less than £14m, up from £7m the year before. As of 1550 GMT, shares had lost 4.62% to 71.53p. Top Director Buys U And I Group (UAI) Director name: Williams,Peter W Amount purchased: 25,000 @ 199.58p Value: £49,895.00 Yougov (YOU) Director name: McIntosh,Alex Amount purchased: 4,133 @ 321.00p Value: £13,266.93 Kingfisher (KGF) Director name: Laury,Veronique Amount purchased: 3,700 @ 350.00p Value: £12,950.00 Aviva (AV.) Director name: Briggs,Andrew Amount purchased: 46 @ 495.07p Value: £227.73 Aviva (AV.) Director name: Amin,Nitinbhai Amount purchased: 46 @ 495.07p Value: £227.73 Charles Stanley Group (CAY) Director name: Coutts,Ben Money Amount purchased: 41 @ 370.20p Value: £151.78 Zotefoams (ZTF) Director name: McGrath ,Gary Amount purchased: 35 @ 427.80p Value: £149.73 Zotefoams (ZTF) Director name: Stirling,David Amount purchased: 35 @ 427.80p Value: £149.73 Charles Stanley Group (CAY) Director name: Teper,Gary Amount purchased: 40 @ 370.20p Value: £148.08 Charles Stanley Group (CAY) Director name: Abberley,Paul Amount purchased: 40 @ 370.20p Value: £148.08 Fidessa Group (FDSA) Director name: Waltho,Jonathan Amount purchased: 4 @ 2,397.90p Value: £95.92 Top Director Sells Learning Technologies Group (LTG) Director name: Satchell,Jonathan Amount sold: 3,000,000 @ 75.00p Value: £2,250,000.00 Learning Technologies Group (LTG) Director name: Lea,Piers Amount sold: 3,000,000 @ 75.00p Value: £2,250,000.00 Yougov (YOU) Director name: McIntosh,Alex Amount sold: 4,148 @ 320.00p Value: £13,273.60
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