Director dealings: IG Design chief executive cuts stake

(Sharecast News) - IG Design chief executive Paul Fineman divested 2.08m ordinary shares in the AIM-listed greetings card maker on Wednesday.Fineman, who joined IG's board back in 2005, sold the shares at an average cost of 554p each, for a total value of £11.54m, with the company aducing financial planning purposes as the motive for the transaction.Back in November, IG Design Group revealed that its interim profit increased following the recent purchase of Minnesota-based Impact Innovations.Pre-tax profits for the six-month period ended 30 September stood at £14m, up 48% from the same period the year before, as revenue increased by 23% to £205.2m.As of 30 September, cash and cash equivalents stood at £1.6m, down from £2.3m at the same point last year, while the interim dividend increased by 25% to 2.5p per share.Following the transaction, Fineman was left holding 2,369,334 ordinary shares in the firm, representing 3.0% of its capital. On top of that, Fineman also held a non-beneficial interest in an additional 174,608 shares, the company said in a statement.As of 1650 GMT, IG shares had fallen 5% to 539.73p.Top Director BuysRoyal Mail (RMG)Director name: Back,Rico Amount purchased: 150,000 @ 260.80pValue: £391,200.01B&m European Value Retail S.a. (di) (BME)Director name: Bradley ,Carolyn Amount purchased: 12,192 @ 327.96pValue: £39,984.55Kcom Group (KCOM)Director name: Sutherland,Graham Amount purchased: 45,000 @ 70.30pValue: £31,635.00British Empire Trust (BTEM)Director name: Kitchen,Graham Amount purchased: 4,000 @ 697.74pValue: £27,909.40Mercantile Investment Trust (the) (MRC)Director name: Hopkins,HeatherAmount purchased: 5,000 @ 193.80pValue: £9,689.80Record (REC)Director name: Cullen,SteveAmount purchased: 752 @ 29.93pValue: £225.07Maintel Holdings (MAI)Director name: Stevens,KevinAmount purchased: 32 @ 475.00pValue: £152.00Direct Line Insurance Group (DLG)Director name: Maddock,Steven Amount purchased: 45 @ 333.00pValue: £149.85Direct Line Insurance Group (DLG)Director name: Tomlinson,Humphrey Amount purchased: 45 @ 333.00pValue: £149.85Edinburgh Worldwide Inv Trust (EWI)Director name: Cameron ,Donald Amount purchased: 2 @ 165.52pValue: £3.31Top Director SellsIg Design Group (IGR)Director name: Fineman,Paul ElliottAmount sold: 2,084,200 @ 554.00pValue: £11,546,467.92