An admission of insider trading has cost a former company director 75-thousand dollars

Eoin Johnson must pay the money to the Financial Markets Authority in lieu of a penalty.

The FMA says that payment, and Johnson's admission, mean there's no need for a court case.

Johnson is a former director and chairman of NZX-listed dietary supplement company Promisia Integrative Limited.

Johnson bought more than 2.5 million shares in the company soon after resigning in 2016.

The FMA says he possessed sensitive sales information that had not been disclosed to the market - and the shares rose significantly in value.