Avesco Chairman adds to stake, while fellow directors sell

30th Jan 2013 16:16

Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group. Murray's transaction was by far the largest, costing him a total of £300,000. Finance Director John Christmas sold 36,091 shares at 149.00p a time, earning him £53,776. Executive Director David Crump earned £44,813 after trading in 30,076 shares at the same price, while Graham Andrews, who holds the same position, pocketed £43,229 from the sale of 29,013 shares. Three weeks ago the company posted strong annual results for the year ending September 30th, buoyed by significant Olympics-related turnover. The group, which supplies services to the corporate presentation, entertainment and broadcast markets disclosed that operating profit was up 196% to £4.5m. Revenue was up 14% to £143.5m from £125.5m a year earlier. The group's trading profit was up 217% to £7.4m and trading earnings before interest tax depreciation and amortisation (EBITDA) jumped 34% to £27.1m. Top Director BuysAvesco Group (AVS) Director name: Mr Richard Murray-ObodynskiAmount purchased: 200,000 @ 150.00p Value: £300,000Chemring Group (CHG) Director name: Mr Peter HicksonAmount purchased: 20,000 @ 281.80p Value: £56,360Port Erin Biopharma Investments Ltd (PEBI) Director name: Mr James (Jim) MellonAmount purchased: 575,000 @ 6.26p Value: £35,995Renold (RNO) Director name: Mr Robert PurcellAmount purchased: 125,000 @ 25.50p Value: £31,875Top Director SellsMorrison (Wm) Supermarkets (MRW) Director name: Mr Richard PennycookAmount sold: 93,385 @ 256.80p Value: £239,813Avesco Group (AVS) Director name: Mr John ChristmasAmount sold: 36,091 @ 149.00p Value: £53,776Avesco Group (AVS) Director name: Mr David A CrumpAmount sold: 30,076 @ 149.00p Value: £44,813Avesco Group (AVS) Director name: Mr Graham AndrewsAmount sold: 29,013 @ 149.00p Value: £43,229Chemring Group (CHG) Director name: Ms Sarah EllardAmount sold: 9,567 @ 279.00p Value: £26,692