GKN director sells shares released from deferred bonus plan

27th Feb 2014 16:04

Marcus Bryson, the Chief Executive of Aerospace and Land Systems at GKN, this week traded in all 53,278 of the shares he was awarded under the company's deferred bonus plan. The shares, which were released following a two-year deferral, were sold at 411p a go, earning the director a total of £218,973. He was also paid the dividends earned on the shares during the deferral period. Fellow board member Judith Felton, the company secretary, was granted 72,292 shares after they were released following the satisfaction of profit growth targets measured over a three-year performance period. Felton subsequently sold each of the shares at 411p for a total of £297,120. The transactions were announced just two days after the engineering group revealed that strong demand for car parts had driven its annual sales and underlying profits higher, helping to offset a decline in the military aerospace market.GKN said a recovery in the North American automotive market and stronger than expected car and van production in China fuelled strong internal growth in its GKN Driveline business, which supplies drive-shafts, gearboxes and other parts.Its sales rose 6% to £180m and its trading profit was 5% up at £246m.Top Director BuysInternational Personal Finance (IPF) Director name: Mr Anthony (Tony) J HalesAmount purchased: 25,000 @ 539.43p Value: £134,857Terra Capital (TCA) Director name: Mr Dirk Van den BroeckAmount purchased: 100,000 @ $0.77 Value: $77,000Johnson Matthey (JMAT) Director name: Mr Odile DesforgesAmount purchased: 1,500 @ 3,308.00p Value: £49,620Terra Capital (TCA) Director name: Mr Filip Montfort Amount purchased: 50,000 @ $0.77 Value: $38,500International Personal Finance (IPF) Director name: Ms Cathryn RileyAmount purchased: 5,614 @ 534.28p Value: £29,994RSA Insurance Group (RSA) Director name: Mr Kath CatesAmount purchased: 15,000 @ 99.08p Value: £14,862Ortac Resources Ltd. (DI) (OTC) Director name: Mr Vassilios CarellasAmount purchased: 4,579,523 @ 0.25p Value: £11,449Top Director SellsCapital & Counties Properties (CAPC) Director name: Mr Gary YardleyAmount sold: 1,132,223 @ 377.19p Value: £4,270,632XP Power Ltd. (DI) (XPP) Director name: Mr Michael LaverAmount sold: 12,525 @ 1,755.00p Value: £219,814GKN (GKN) Director name: Mr Marcus BrysonAmount sold: 53,278 @ 411.00p Value: £218,973Ladbrokes (LAD) Director name: Mr Richard GlynnAmount sold: 90,595 @ 151.61p Value: £137,351Ladbrokes (LAD) Director name: Mr Ian BullAmount sold: 58,853 @ 151.61p Value: £89,227W H Ireland Group (WHI) Director name: Mr Alan Mark Kershaw Amount sold: 40,000 @ 112.12p Value: £44,852Ortac Resources Ltd. (DI) (OTC) Director name: Mr Vassilios CarellasAmount sold: 4,650,788 @ 0.25p Value: £11,627NR