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(Sharecast News) - Ascential revealed on Wednesday that chief executive Duncan Painter had disposed of 80,610 ordinary shares in the FTSE 250-listed business-to-business media firm.
Painter, who took over as CEO in 2011, sold the shares on Tuesday at an average price of 268.13p each, for a total value of £216,141.45.
Ascential said on Monday that it had agreed to sell its digital commerce business and its product design business, WGSN, for a combined £1.4bn. The digital commerce business will be sold to Omnicom for around £741.0m, while WGSN will be sold to Apax Partners for up to £700.0m.
As of 1600 GMT, Ascential shares were up 1.38% at 265.40p.
Reporting by Iain Gilbert at Sharecast.com
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Director name: Auchincloss,Murray
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Director name: Hewitt,Gavin Wallace
Amount purchased: 7,685 @ 64.90p
Value: �4,987.56
Hydrogen Utopia International (HUI)
Director name: Formanko,Paul
Amount purchased: 75,000 @ 6.45p
Value: �4,836.75
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Director name: Medlicott,Steve
Amount purchased: 8,771 @ 6.50p
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Top Director Sells
Avation (AVAP)
Director name: Chatfield,Robert Jeffries
Amount sold: 300,000 @ 125.00p
Value: �375,000.00
Ascential (ASCL)
Director name: Painter,Duncan
Amount sold: 80,610 @ 268.13p
Value: �216,141.45
