Clinigen CEO sells a further 0.5m shares post placing

2nd Oct 2013 15:56

Pharmaceuticals and services business Clinigen said Wednesday that Peter George, its Chief Executive Officer, has sold a further 0.5m shares in addition to the 2.8m disposed of on Monday. The shares, which were all sold for 410p each, were part of the 8.7m placed with a number of directors on Monday. George pocketed £2.050m from the most recent sale, and £11.6m from Monday's disposal. The placing follows last week's full year results, which revealed a 49% jump in group revenue to £122.6m (FY12: £82.1m), which the firm said was driven by strong organic growth across all three operational businesses.Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 30% to £22.4m (FY12: £17.3m), while underlying pre-tax profit increased by 29% to £20.4m (FY12: £15.8m) and reported pre-tax profits increased by 42% to £14.5m (FY12: £10.3m). Top Director BuysAltitude Group (ALT) Director name: Mr Martin Roy VarleyAmount purchased: 410,000 @ 14.00p Value: £57,400Maven Income & Growth 2 VCT (MIG2) Director name: Mr Bill NixonAmount purchased: 40,393 @ 49.50p Value: £19,995Fidessa Group (FDSA) Director name: Mr John HamerAmount purchased: 931 @ 1,987.00p Value: £18,499Tiger Resource Finance (TIR) Director name: Mr Colin BirdAmount purchased: 625,000 @ 1.80p Value: £11,250Top Director SellsCLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount sold: 211,368 @ 1,360.00p Value: £2,874,605Clinigen Group (CLIN) Director name: Mr Peter GeorgeAmount sold: 500,000 @ 410.00p Value: £2,050,000Ithaca Energy Inc. (DI) (IAE) Director name: Mr Graham ForbesAmount sold: 610,000 @ 148.00p Value: £902,800Ithaca Energy Inc. (DI) (IAE) Director name: Mr Iain McKendrickAmount sold: 495,000 @ 148.00p Value: £732,600Maple Energy (MPLE) Director name: Mr Tony L. HinesAmount sold: 1,120,241 @ 40.00p Value: £448,096Canaccord Genuity Group Inc. (CF.) Director name: Mr Alexis de RosnayAmount sold: 60,082 @ 394.33p Value: £236,921Ithaca Energy Inc. (DI) (IAE) Director name: Mr John P SummersAmount sold: 65,000 @ 148.00p Value: £96,200Ithaca Energy Inc. (DI) (IAE) Director name: Mr Franklin (Frank) M WormsbeckerAmount sold: 50,000 @ 148.00p Value: £74,000Ithaca Energy Inc. (DI) (IAE) Director name: Mr Bradley HurtubiseAmount sold: 50,000 @ 148.00p Value: £74,000Ithaca Energy Inc. (DI) (IAE) Director name: Mr Jay M ZammitAmount sold: 39,999 @ 148.00p Value: £59,199NR