(Sharecast News) - Angling Direct revealed on Monday that chairman Martyn Page had disposed of 400,000 ordinary shares in the AIM-listed fishing tackle and equipment retailer.

Page, who founded Angling Direct in 1986, sold the shares on Friday at an average price of 38.0p each, for a total value of £152,000.

Following the sale, Page holds a beneficial interest in 10.61m ordinary Angling Direct shares, representing approximately 14.2% of the company's issued share capital.

As of 1620 GMT, Angling Direct shares were down 0.34% at 38.37p.

Reporting by Iain Gilbert at Sharecast.com

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Director name: Page,Martyn Graham

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