Director dealings: Pets At Home CEO offloads shares
Pets At Home revealed on Thursday that chief executive Peter Pritchard had disposed of 23,683 ordinary shares in the FTSAE 250-listed retailer.
FTSE 250
19,391.30
17:09 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
General Retailers
3,864.64
17:09 19/04/24
Pets at Home Group
276.20p
16:34 19/04/24
Pritchard, who joined Pets at Home in 2011 as its commercial director before moving on to his current role in April 2018, disposed of the shares on Wednesday at an average price of 185.20p each, for a total value of £43,860.68.
The CEO exercised and sold his final third tranche of options under the group's co-investment plan via a "sell all" transaction.
Back in May, analysts ay HSBC upped their target price on the pet supplies retailer from 160p to 190p after the group's full-year results a day earlier confirmed the successful completion of its turnaround strategy in retail and some good progress in its vet business.
As of 1630 BST, Pets At Home shares were down 3.11% at 179.40p.
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Top Director Sells
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Director name: Cavers,Carl
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Value: £1,891,499.93
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Director name: Porter,Paul
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3i Group (III)
Director name: Wilson,Julia
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Pets At Home Group (PETS)
Director name: Pritchard,Peter
Amount sold: 23,683 @ 185.20p
Value: £43,860.68