Group of Sweett Group's directors buy shares

27th Apr 2015 15:44

A number of directors in Sweett Group bought same shares in the company one week after it posted a trading update where it said it has been a difficult time to the company.John Dodds the non-executive chairman, purchased 100,000 shares for 24.05p each in the infrastructure and professional services provider, spending £24,050. He now holds 150,000 shares in the group.The new chief executive, Douglas McCormick, who joined the group last month, bought his first 20,500 shares for 24p.Other directors, including the chief financial officer, also bought new shares at Sweett on Monday.The company posted a trading update last Thursday, saying it has decided to sell its Asian businesses to concentrate in its UK and European businesses.McCormick said at the time that, despite the "difficult time", the new strategy will focus on improving profitability and cash flow.Top Director BuysBlue Planet Investment Trust (BLP) Director name: Mr Kenneth MurrayAmount purchased: 80,000 @ 41.95p Value: £33,560Sweett Group (CSG) Director name: Mr John DoddsAmount purchased: 100,000 @ 24.05p Value: £24,050Sweett Group (CSG) Director name: Mr Alan LovellAmount purchased: 50,000 @ 24.00p Value: £12,000FirstGroup (FGP) Director name: Mr John McFarlaneAmount purchased: 11,288 @ 100.75p Value: £11,373Top Director SellsSavills (SVS) Director name: Mr Jeremy C HelsbyAmount sold: 139,655 @ 822.05p Value: £1,148,034Savills (SVS) Director name: Mr Jeremy C HelsbyAmount sold: 114,386 @ 820.03p Value: £938,000Savills (SVS) Director name: Mr Simon J B ShawAmount sold: 77,587 @ 822.05p Value: £637,804Moss Bros Group (MOSB) Director name: Mr Brian BrickAmount sold: 519,824 @ 94.75p Value: £492,533Savills (SVS) Director name: Mr Jeremy C HelsbyAmount sold: 51,531 @ 822.05p Value: £423,611Savills (SVS) Director name: Mr Simon J B ShawAmount sold: 35,007 @ 822.05p Value: £287,775Moss Bros Group (MOSB) Director name: Mr Robin A K W PiggottAmount sold: 253,389 @ 94.75p Value: £240,086Dairy Farm International Holdings Ltd. (Singapore) (DFI) Director name: Mr Michael KokAmount sold: 12,000 @ $9.43 Value: $113,128