Outgoing chief at Spirit buys shares

29th Nov 2011 16:29

Spirit Pub Company's outgoing chief executive Ian Dyson has purchased £58,575 worth of shares just days before he exits the company. The director, who is leaving the firm after just over a year in the job, bought up 150,000 shares at 39.05p. The former Marks & Spencer finance director will leave his post at the company's AGM in December to be replaced by his deputy Mike Tye.Dyson's replacement Tye joined Punch Taverns in 2008 and was managing director of the managed business prior to Spirit's demerger from Punch in August 2011.The announcement, made in October, followed strong full year results with earnings per share up 18%.Speaking about the resignation of Dyson, chairman Walker Boyd said he had led the business through a period of major change, leading to the successful demerger of Spirit and a significant improvement in operating performance and results."He will leave Spirit with a clear and exciting strategy, strong operational momentum, a high calibre management team and a well qualified successor," he said. Top Director BuysKingspan Group (KGP) Director name: Mr Geoff P DohertyAmount purchased: 150,000 @ € 6.00 Value: € 900,000Record (REC) Director name: Mr James Wood-CollinsAmount purchased: 525,661 @ 14.90p Value: £78,323Spirit Pub Company (SPRT) Director name: Mr Ian DysonAmount purchased: 150,000 @ 39.05p Value: £58,575Banco Santander SA (BNC) Director name: Mr Francisco Luzon LopezAmount purchased: 9,800 @ 437.24p Value: £42,850Tower Resources (TRP) Director name: Mr Jeremy AsherAmount purchased: 1,550,000 @ 2.66p Value: £41,230PayPoint (PAY) Director name: Mr Steve RowleyAmount purchased: 8,013 @ 495.00p Value: £39,664Record (REC) Director name: Mr Paul SheriffAmount purchased: 235,046 @ 14.90p Value: £35,022JPMorgan Russian Securities (JRS) Director name: Mr Robert JeensAmount purchased: 5,000 @ 511.03p Value: £25,552Record (REC) Director name: Mrs Leslie HillAmount purchased: 156,697 @ 14.90p Value: £23,348Record (REC) Director name: Mr Bob NoyenAmount purchased: 156,697 @ 14.90p Value: £23,348