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Director dealings: Staffline's outgoing CEO cashes in £10m of shares
Andrew Hogarth, non-executive director of recruitment firm Staffline Group, cashed in more than 1m ordinary shares on his way out the door Wednesday, pocketing a total of £10.26m in the process.
In total, Hogarth, Staffline's outgoing chief executive, disposed of 1,006,189 shares with a price tag of 1,020.00p attached to each one.
In its preliminary results posted on 24 January, Staffline reported an 8.5% increase in revenue to £957.8m but saw underlying earnings drop 1.1% to £36.3m.
Of the results, Hogarth said last week: "These strong results are testament to the hard work and determination of all those involved in our business. In what has remained a competitive environment, we are delighted to report such strong organic revenue growth and the increased statutory profit before tax. Underlying profit before tax was marginally below 2016 levels."
As of 1540 GMT, shares had fallen 1.89% to 1,040.00p.
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