Director dealings: Ascential CEO offloads shares

(Sharecast News) - Ascential revealed on Wednesday that chief executive Duncan Painter had disposed of 80,610 ordinary shares in the FTSE 250-listed business-to-business media firm. Painter, who took over as CEO in 2011, sold the shares on Tuesday at an average price of 268.13p each, for a total value of £216,141.45.

Ascential said on Monday that it had agreed to sell its digital commerce business and its product design business, WGSN, for a combined £1.4bn. The digital commerce business will be sold to Omnicom for around £741.0m, while WGSN will be sold to Apax Partners for up to £700.0m.

As of 1600 GMT, Ascential shares were up 1.38% at 265.40p.





Reporting by Iain Gilbert at Sharecast.com

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Top Director Sells

Avation (AVAP) Director name: Chatfield,Robert Jeffries Amount sold: 300,000 @ 125.00p Value: �375,000.00

Ascential (ASCL) Director name: Painter,Duncan Amount sold: 80,610 @ 268.13p Value: �216,141.45