Drax director buys

9th Dec 2010 16:17

Drax non-executive director Tony Thorne has bought £28,000 worth of shares in the power generator.He has paid 378.69p a share for 7,500 shares. Thorne was appointed to the board in June and these are the first shares he has bought. Thorne is a former chief executive of paper company DS Smith. Drax remains on track to meet forecasts this year with its forward contracts insulating it against low electricity prices.Top Director BuysEuropean Goldfields Ltd. (EGU) Director name: Mr Martyn KonigAmount purchased: 20,000 @ 841.54p Value: £168,308Middlefield Canadian Income Trust Inv Co (MCT) Director name: Mr Garth JestleyAmount purchased: 100,000 @ 82.56p Value: £82,560Drax Group (DRX) Director name: Mr Tony ThorneAmount purchased: 7,500 @ 378.69p Value: £28,402Telecity Group (TCY) Director name: Mr Michael TobinAmount purchased: 3,700 @ 490.00p Value: £18,130Blackstar Group (BLCK) Director name: Mr Wolfgang BaertzAmount purchased: 13,158 @ 76.00p Value: £10,000Top Director SellsMandarin Orirntal International (Singapore) (MDO) Director name: Mr Terry L StinsonAmount sold: 304,000 @ $2.05 Value: $624,234Imperial Innovations Group (IVO) Director name: Ms Susan SearleAmount sold: 21,968 @ 400.00p Value: £87,872Imperial Innovations Group (IVO) Director name: Mr Julian SmithAmount sold: 17,256 @ 400.00p Value: £69,024Imperial Innovations Group (IVO) Director name: Dr Martin KnightAmount sold: 7,637 @ 400.00p Value: £30,548