LONDON (SHARECAST) - Simon Denyer, a joint Chief Executive Officer of Perform, sold around 1.1m shares on Friday, just one day after the digital sports media company announced it had swung to a profit in the first half of the year.
Denyer (and related parties) sold a total of 1,100,720 shares for £4.15m. He also made a donation of 275,180 ordinary shares to three charities: the Richard Thomas Leukaemia Fund; Great Ormond Street Hospital; and World Vision. Together these transactions represent 5.0% of his total holding.
The company's other joint Chief Executive Officer, Oliver Slipper, also made a sale, trading in 300,000 shares, equal to 4.7% of his holding, at the same price for a total of £1.12m.
The pair were joined by David Surtees, the Chief Financial Officer of the company, who earned £1.68m from the sale of 450,000 shares, also at 374p.
Perform delivered a profit for the six months to the end of June after turnover got a boost from increased licence fees from the Watch and Bet service, strong growth in video and display advertising sales, and incremental revenue from the RunningBall and Spox services.
Pre-tax profit came in at £3.4m, up from a loss £2.2m in the same period last year, on revenues of £67.4m, compared with £45.1m previously.
The increase in earnings was slightly offset by an increase in the cost of sales, from £24.1m to £33.2m, and a rise in administrative expenses, from £22.98m to £30.57m.
Top Director Buys
Schroders (Non-Voting) (SDRC)
Director name: Mr Philip Mallinckrodt
Amount purchased: 15,500 @ 1,133.00p
Director name: Mr Tim J C Eggar
Amount purchased: 12,000 @ 229.00p
Top Director Sells
Big Yellow Group (BYG)
Director name: Mr Philip Burks
Amount sold: 250,000 @ 300.00p