Richard Hope, chief financial officer of extracts-to-ingredients supplier Treatt Plc (TET) has sold shares with a value of £3.75 million.
Hope intends to retire on 30 June 2022 and as a result has taken the decision to reduce his shareholding in Treatt as part of managing his personal financial affairs.
Additionally, Tracey Smith, a personal close acquaintance of Hope, sold 180,968 shares at a price of £11.00 per share on 3 December 2021, raising £1.9 million.
Following this transaction, Hope maintains an interest in 57,956 shares, and retains options over a further 137,135 shares subject to performance conditions.
The robust outlook for the group was reflected in recently announced record results for the year to September 2021. Pre-tax profit rose 41.3% to a forecast-busting £20.9 million. The group also issued a confident outlook statement. The share price has risen 14.2% over the last three months.
ZOO DIGITAL BOSS SELLS
Dr Stuart Green, chief executive of subtitles and dubbing group Zoo Digital (ZOO:AIM) sold 1,500,000 shares a price of 123.0 pence, raising £1.84 million on 3 December.
The sale leaves Green holding 11,308,972 shares representing 12.90% of the issued share capital of the group.
In early November the group announced strong first half results to 30 September 2021. Momentum gathered pace due to new content production, and a continuing focus on back catalogues for streaming.
Revenue grew by 64% in the first half and adjusted earnings before interest tax depreciation and amortization, by an even more impressive 82% to $2.4m, due to operational gearing.
Management has confirmed it will continue to invest into 2023 to support volume growth, which will enable greater levels of profitability in future periods.
Despite the robust nature of recent results the share price has drifted by 16.9% over the last six months.
