BusinessCompany Newse2v FD pockets almost £200,000 from share sale

e2v FD pockets almost £200,000 from share sale

Mike Hannant makes £191,000 after cashing in a small part of his stake in the booming technology firm

e2v Technologies’ finance
director Mike Hannant has sold a chunk of his shares in the electronic
components firm, making himself a cool £191,000.

Hannant
sold 50,000 shares at a price of 383p each to leave himself with 454,000 shares;
representing 0.74% of the company. e2v is a leading designer, developer and
manufacturer of specialised components and subsystems for medical, aeronautical
and commercial clients.

The finance chief stepped up to his current role in 1998 before shepherding
the business through a management buyout and a succesful float on the
London Stock
Exchange
in July 2004.

Two weeks ago, the booming business won a €14.4m (£10m) contract to supply
electronic tubes to a leading European power supply manufacturer.

Related links:

TMN FD rakes in £637,500 from share sale

Flint takes £800k hit on HSBC shares

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