Virgin Media non-exec sells shares

7th Nov 2011 14:39

Virgin Media non-executive director John Rigsby has sold £183,287 worth of shares in the cable TV and internet services provider.Rigsby, who has been a director since September 2008, serves on the business operations and technology committee and the audit committee.The 64-year-old has worked for Time Warner Cable, Bright House Networks and American Television & Communications. In August, Virgin Media announced that it was to sell its stake in UKTV, the digital television group that owns channels such as Dave and Yesterday. Back in February, the company reported its best ever financial year, with the final quarter of 2010 topping £1bn. The stock has lost 6.35% over the past year, equivalent to 103p. Top Director BuysF&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 200,000 @ 69.08p Value: £138,160Stobart Group Ltd. (STOB) Director name: Mr Michael KayserAmount purchased: 62,500 @ 111.93p Value: £69,956Telecity Group (TCY) Director name: Mr Michael TobinAmount purchased: 5,000 @ 598.88p Value: £29,944Evolve Capital (EVOL) Director name: Mr David Wallace Ballintine SnowAmount purchased: 2,000,000 @ 0.60p Value: £12,000Top Director SellsVirgin Media Inc. (VMED) Director name: Mr John RigsbyAmount sold: 12,000 @ 1,527.39p Value: £183,287Cable & Wireless Communications (CWC) Director name: Mr Timothy PenningtonAmount sold: 119,200 @ 38.92p Value: £46,393NR