Chairman of Stilo International buys 5m shares

9th Jun 2015 15:13

The chairman of Stilo International acquired 5m new shares for 3p each in the IT services group.David Ashman, who is also a non-executive director, spent £441,000 in the transaction and now holds 20.2m ordinary shares, which represents 18.4% of the company's issued capital.The group said last month a reduction in software orders along with the shelving of a major conversation project by a European customer dented full-year pre-tax profits by 37.9% to £0.95m.However, Ashman said at the time that the initial release of their new XML authoring service Authorbridge, scheduled for the coming months, remains on track.Top Director BuysPorta Communications (PTCM) Director name: Mr Bob MortonAmount purchased: 6,300,000 @ 7.00p Value: £441,000Stilo International (STL) Director name: Mr David AshmanAmount purchased: 5,000,000 @ 3.00p Value: £150,000Coats Group (COA) Director name: Mr Richard HowesAmount purchased: 290,000 @ 25.45p Value: £73,805British American Tobacco (BATS) Director name: Mr Ben StevensAmount purchased: 536 @ 3,410.00p Value: £18,278Beowulf Mining (BEM) Director name: Mr Kurt Budge Amount purchased: 716,426 @ 2.25p Value: £16,120Beowulf Mining (BEM) Director name: Mr Jan Ola LarssonAmount purchased: 686,523 @ 2.25p Value: £15,447Beowulf Mining (BEM) Director name: Mr Bevan John MetcalfAmount purchased: 632,508 @ 2.25p Value: £14,231Top Director SellsAlliance Trust (ATST) Director name: Mr Katherine Garrett-CoxAmount sold: 65,266 @ 503.77p Value: £328,791Powerflute Oyj (DI) (POWR) Director name: Mr Dermot S. SmurfitAmount sold: 134,074 @ 65.40p Value: £87,684Powerflute Oyj (DI) (POWR) Director name: Mr Dermot S. SmurfitAmount sold: 51,740 @ 66.00p Value: £34,148