Post-results buying by Air Partner directors

13th Oct 2010 16:57

Two directors of aircraft charter company Air Partner have bought shares following its annual results. Non-executive chairman Aubrey Adams bought 30,000 shares at 408p each, taking his stake to 50,000 shares (0.49%). The shares cost a total of £122,400. Non-executive director Richard Everitt bought his first shares in Air Partner. The 5,000 shares at 428p each cost a total of £21,400. A second half recovery in the core business helped Air Partner to improve on the previous two half years' profits. Underlying profit still fell from £5.9m to £3.5m for the year to July 2010. The loss from the closure of the Private Jet Operating Company was £4.41m. Visibility of demand continues to be limited but this has never been a predictable business. Mark Briffa became chief executive earlier this year and Gavin Charles was appointed finance director in June. Air Partner is not paying a final dividend for last year but it has already announced a 15p a share interim dividend payable on 17 December. Top Director BuysAir Partner (AIP) Director name: Mr Aubrey John AdamsAmount purchased: 30,000 @ 408.00p Value: £122,400GGG Resources (GGG) Director name: Mr Peter Antony Ruxton Amount purchased: 500,000 @ 12.50p Value: £62,500GGG Resources (GGG) Director name: Mr Paul McGroaryAmount purchased: 270,000 @ 12.50p Value: £33,750Air Partner (AIP) Director name: Mr Richard EverittAmount purchased: 5,000 @ 428.00p Value: £21,400GGG Resources (GGG) Director name: Mr Paul McGroaryAmount purchased: 170,000 @ 12.15p Value: £20,655Top Director SellsOcean Power Technologies Inc. (OPT) Director name: Dr George W TaylorAmount sold: 45,560 @ 328.92p Value: £149,856