Cineworld director buys shares after successful year

17th Mar 2015 15:47

A non-executive director at Cineworld increased his stake in the group one week after it reported double annual profits thanks to higher box office intakes.Eric Senat, who has been a member of the board for five years, bought 26,937 new shares for an individual price of 482.75p, spending a total of £130,038.After the transaction, Senat holds 53,874 shares in the FTSE 250 company.Pre-tax profit to 1 January rose to £67.3m from £30.9m in the previous 12 months, while revenue jumped 53% to £619.4m. The increase in revenue was driven by a 61% increase in admissions, which saw box office takings rise 42.6% to £399.2m.Chief executive Mooky Greidinger said at the time of the results: "As a group, we have outperformed the market and continued to grow revenues despite a year which saw a decline in global admissions."Top Director BuysImpellam Group (IPEL) Director name: Mr Darren MeeAmount purchased: 20,000 @ 660.00p Value: £132,000Cineworld Group (CINE) Director name: Mr Eric (Rick) Hartley SenatAmount purchased: 26,937 @ 482.75p Value: £130,038Secure Property Development & Investment (DI) (SPDI) Director name: Mr Ian Charles DomailleAmount purchased: 62,211 @ 25.00p Value: £15,553Victoria (VCP) Director name: Mr Andrew HarrisonAmount purchased: 1,956 @ 741.00p Value: £14,494Top Director SellsTarsus Group (TRS) Director name: Mr Robert T E WareAmount sold: 51,585 @ 224.28p Value: £115,695RPS Group (RPS) Director name: Dr Phil WilliamsAmount sold: 40,000 @ 230.20p Value: £92,080UBM (UBM) Director name: Mr Robert Gray Amount sold: 12,233 @ 543.15p Value: £66,444