Dairy Crest chief executive Mark Allen has netted £328,751, after selling shares in the firm to fund the purchase of a new family home following his recent divorce.
Mark Allen earned £328,751 from the share sale to buy a new family home after his recent divorce
The firm disclosed to the City that Allen sold 64,461 ordinary shares at an average price of £5.10 per share, following the maturity of Dairy Crest's 2010 deferred bonus scheme.
Allen retains ownership of 143,798 shares in Dairy Crest and has options over a further 434,268 shares.
Dairy Crest colleagues Tom Atherton, finance director, and Martyn Wilks, executive md, also sold shares in the company recently.
Income tax and national insurance liabilities
Atherton gained £15,014 from the sale of 2,944 ordinary shares in the company at an average price of £5.10 per share to pay the income tax and national insurance liabilities. He retained ownership of 3,347 shares and has options over a further 81,879 shares.
Wilks earned £107,258 from the sale of 21,031 ordinary shares in the company at an average price of £5.10 per share. He also made the sale to pay the income tax and national insurance liabilities falling due on the maturity.
After the sale, Wilks retained ownership of 46,411 shares in Dairy Crest and has options over a further 289,680 shares.
