Helical Bar managing director Mike Slade has made a £3.48m gross profit from the exercise and subsequent sale of share options.

Helical announced today that Slade had exercised options over 773,935 shares at 1p each and sold them yesterday at 450p each. Finance director Nigel McNair Scott exercised options over 402,315 shares at 1p each and then sold 172,995 at 450p each for a total of £778,400.

The share sales leave still leave Slade with 12.69m shares, representing 13.3% of Helical, plus 2.74m share options and 1.66m shares from a share performance plan. McNair Scott’s shareholding is just above 2m shares, with 1.28m of share options and just below 1m from a share performance plan.