Entertainment One bosses add to stakes

25th Jun 2009 16:40

Three of the senior directors at film maker and distributor Entertainment One have built on their holdings following an upbeat trading statement yesterday.Darren Throop, chief executive, purchased 300,000 shares at 21.5p per share, boosting his total holding to 4.5m shares or 3.47%.Giles Willits, Chief Financial Officer, bought 300,000 shares, also at 21.5p, taking his beneficial interest to 320,000 shares, while Patrice Theroux, President of Global Filmed Entertainment, purchased 300,000 shares at a price of 21.6p per share and a further 37,000 shares at a price of 24.2p per share.Entertainment's losses last year climbed to £31m from £7.7m as it write off more from its US music inventory. Revenues, though, rose by nearly 30% to £343m, while underlying profits jumped by 27.1% to £16.4m. "The Film division has a high quality slate of releases for the new financial year and Television has made a strong start with particular successes in major US network commissions. The Canadian Distribution business continues to deliver robust performance while the US Music and Distribution businesses have stabilised following the restructuring," chief executive Darren Throop said. Top Director BuysSymphony International Holdings (SIHL) Director name: Mr Anil ThadaniAmount purchased: 300,000 @ $0.35 Value: $105,000Sirius Petroleum (SRSP) Director name: Mr Michael HirschfieldAmount purchased: 2,875,000 @ 2.40p Value: £69,000Entertainment One (DI) (ETO) Director name: Mr Patrice TherouxAmount purchased: 300,000 @ 21.60p Value: £64,800Entertainment One (DI) (ETO) Director name: Mr Darren Dennis ThroopAmount purchased: 300,000 @ 21.50p Value: £64,500Entertainment One (DI) (ETO) Director name: Mr Giles Kirkley WillitsAmount purchased: 300,000 @ 21.50p Value: £64,500Devro (DVO) Director name: Mr Steve HannamAmount purchased: 46,685 @ 93.50p Value: £43,650Holidaybreak (HBR) Director name: Mr John ColemanAmount purchased: 10,200 @ 294.00p Value: £29,988Perpetual Income & Growth Inv Trust (PLI) Director name: Mr Bob YerburyAmount purchased: 10,000 @ 185.50p Value: £18,550Ascent Resources (AST) Director name: Mr Malcolm GroomAmount purchased: 400,000 @ 3.30p Value: £13,200Europa Oil & Gas (EOG) Director name: Mr Paul A. BarrettAmount purchased: 100,000 @ 11.30p Value: £11,300Top Director SellsDechra Pharmaceuticals (DPH) Director name: Mr Edward TorrAmount sold: 50,000 @ 417.00p Value: £208,500