Another XP Power director stocks up

19th Apr 2012 16:06

James Peters, Deputy Chairman of XP Power, the power controller manufacturer, has purchased 7,000 shares less than a week after the firm cautioned over its revenues. Peters, who founded XP in 1988, bought the shares for 1100p. The £77,000 transaction takes Peters' stake in the firm to 2,178,254 shares, equivalent to 11.32%. On April 12th the company announced that group revenues in the three months to March 31st declined by 10% over the same period in 2011, with the weakness most evident in the industrial sector. In constant currency the decline was 11%.Since the announcement, David Hempleman-Adams, a Non-Executive Director, has also snapped up shares, purchasing a total of 9,450 shares at an average price of 1,059.595p. He had not previously owned shares in the company. The share price, which has lost 527p over the past year, has risen 9.6%, equal to 100p, in the last week. Top Director BuysSVG Capital (SVI) Director name: Mr Lynn FordhamAmount purchased: 14,698 @ 292.60p Value: £43,006Quadnetics Group (QDG) Director name: Mr John ShepherdAmount purchased: 13,800 @ 290.00p Value: £40,020Oxus Gold (OXS) Director name: Mr Oliver PriorAmount purchased: 131,138 @ 12.80p Value: £16,786Bullabulling Gold Limited (DI) (BGL) Director name: Dr Jeffrey Francis Anthony MalaiholloAmount purchased: 75,000 @ 18.70p Value: £14,025Top Director SellsAshley (Laura) Holding (ALY) Director name: Mr David W MastersAmount sold: 406,250 @ 23.50p Value: £95,469NR