Stobart bosses pocket £5m

7th Aug 2009 17:24

Two directors at Stobart walked off with a combined total of £5m today as they trimmed their stakes in the transport and logistics group.Chief executive Andrew Tinkler sold 3.65m shares at 100p a time and now about 30.5m shares, just over 12% of the company.William Stobart, chief operating officer and son of the company's founder, took 1.35m for the same price, leaving him with about 11m shares. Shares in the company have performed well in the past year, climbing more than 20% against a backdrop of generally depressed markets.The firm has been moving into areas other than road haulage, such as shipping and rail transportation. In June it said it is performing 'satisfactorily' despite the challenging economic environment.It made a good start to the year, successfully completing the acquisition of Carlisle Lake District Airport.Top Director BuysPennon Group (PNN) Director name: Mr K G HarveyAmount purchased: 5,000 @ 452.30p Value: £22,615QinetiQ Group (QQ.) Director name: Mr David MellorsAmount purchased: 16,000 @ 128.50p Value: £20,560Top Director SellsStobart Group (STOB) Director name: Mr Andrew TinklerAmount sold: 3,650,000 @ 100.00p Value: £3,650,000Standard Chartered (STAN) Director name: Mr Mike ReesAmount sold: 211,539 @ 1,374.80p Value: £2,908,238Standard Chartered (STAN) Director name: Mr Mike ReesAmount sold: 127,899 @ 1,374.00p Value: £1,757,332Stobart Group (STOB) Director name: Mr William StobartAmount sold: 1,350,000 @ 100.00p Value: £1,350,000Shaftesbury (SHB) Director name: Mr Jonathan S LaneAmount sold: 170,325 @ 368.40p Value: £627,477Standard Chartered (STAN) Director name: Mr Gareth BullockAmount sold: 40,000 @ 1,374.80p Value: £549,920Shaftesbury (SHB) Director name: Mr Brian BickellAmount sold: 99,569 @ 368.40p Value: £366,812Shaftesbury (SHB) Director name: Mr Simon J QuayleAmount sold: 90,738 @ 368.40p Value: £334,279Shaftesbury (SHB) Director name: Mr Thomas J C WeltonAmount sold: 78,432 @ 368.40p Value: £288,943Pennon Group (PNN) Director name: Mr C I J H DrummondAmount sold: 6,777 @ 454.40p Value: £30,795