Premier Foods Senior Independent Director adds 200,000 to stake

16th May 2014 16:10

Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500.Last month the company reported lower sales of its key brands and said trading was likely to stay tough for the rest of the year.Premier, which makes products such as Mr Kipling cakes, Ambrosia custard and Sharwood's curry sauces, said sales of its "power brands" fell 3.5% to £123.7m as expected and total sales dropped 6.2% to £186.3m in the three months to March 31st."While trading conditions are expected to remain challenging for the remainder of the year, we have a strong programme of new product launches and consumer marketing planned for the second half," the company said. Top Director BuysEnergy XXI (Bermuda) (DI) (EXXI) Director name: Mr John Daniel Schiller JrAmount purchased: 15,000 @ $20.49 Value: $307,350Premier Foods (PFD) Director name: Mr Ian Krieger Amount purchased: 200,000 @ 54.25p Value: £108,500Energy XXI (Bermuda) (DI) (EXXI) Director name: Mr John Daniel Schiller JrAmount purchased: 5,000 @ $20.46 Value: $102,300Avanti Communications Group (AVN) Director name: Mr David J WilliamsAmount purchased: 9,550 @ 259.00p Value: £24,734Development Securities (DSC) Director name: Mr Marcus Shepherd Amount purchased: 10,000 @ 233.50p Value: £23,350Energy XXI (Bermuda) (DI) (EXXI) Director name: Mr John Daniel Schiller JrAmount purchased: 595 @ $23.13 Value: $13,762Top Director SellsOld Mutual (OML) Director name: Mr Julian RobertsAmount sold: 1,402,805 @ 200.76p Value: £2,816,271Old Mutual (OML) Director name: Mr Philip A J BroadleyAmount sold: 929,569 @ 200.76p Value: £1,866,203Centrica (CNA) Director name: Mr Nicholas (Nick) LuffAmount sold: 436,313 @ 325.82p Value: £1,421,595Centrica (CNA) Director name: Mr W Sam H LaidlawAmount sold: 300,000 @ 325.82p Value: £977,460Centrica (CNA) Director name: Mr Chris WestonAmount sold: 267,920 @ 325.82p Value: £872,937Centrica (CNA) Director name: Mr Mark HanafinAmount sold: 257,349 @ 325.82p Value: £838,495Centrica (CNA) Director name: Mr Chris WestonAmount sold: 130,187 @ 325.82p Value: £424,175Centrica (CNA) Director name: Mr Chris WestonAmount sold: 100,000 @ 327.95p Value: £327,950Centrica (CNA) Director name: Mr Jill SheddenAmount sold: 49,767 @ 325.82p Value: £162,151Centrica (CNA) Director name: Mr Jill SheddenAmount sold: 10,000 @ 327.95p Value: £32,795NR