DIRECTOR’S DEALS

PAUL Gilbert found himself £698,700 better off last week after selling 332,713 Gym Group shares.

Chartered accountant Gilbert, a senior independent non-executive director in the business, sold the shares for £2.10 each. The Gym Group, which operates 70 gyms across the UK, last week slipped as it announced a placing of 15m shares on to the stock market, equivalent to 12pc of the company’s issued share capital.

Shares fell from 220.5p to 211.75p after the announcement. Gilbert, who has a degree in economics from Cambridge, has been acting chief executive at Matalan and chief financial officer at TJ Hughes.