Admiral CFO cashes in shares

THE CHIEF financial officer of FTSE 100 car insurer Admiral has sold off a number of shares awarded through the company’s senior executive restricted share plan.

Kevin Chidwick sold off 34,207 shares at £11.79 each, netting him £403,301. He retained 10,802 shares awarded under the scheme.

In March, Admiral paid a special dividend after pre-tax profits increased 13% to £299m in 2011 with net revenue up 36% at £870.3m.

The special dividend payment was 38.8p.

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