Recently appointed non-exec takes stake in DS Smith

14th Jul 2014 16:40

Recently appointed Non-Executive Director of DS Smith, Ian Griffiths, on Monday purchased 15,000 shares, marking his first stake in the consumer goods packaging firm. The shares were bought for 266.60p apiece for a total spend of £39,990. The deal comes a few weeks after FTSE 250 DS Smith revealed its full-year profit had more than doubled, despite challenging economic conditions across Europe.Pre-tax profit surged to £167m in the 12 months to April 30th from £82m a year earlier, as revenue increased 10% to £4.03m. Earnings per share climbed 25% to 21.4p. Organic corrugated packaging volumes grew 2.2%, ahead of the corrugated packaging market. It said volume growth has been particularly strong in its Central Europe and Italy region after new customer wins and expanding services to existing customers. Top Director BuysInternetQ (INTQ) Director name: Mr Timothy Grainger Amount purchased: 18,835 @ 265.15p Value: £49,941Howden Joinery Group (HWDN) Director name: Mr Mark RobsonAmount purchased: 15,577 @ 307.60p Value: £47,915Howden Joinery Group (HWDN) Director name: Mr Mark RobsonAmount purchased: 15,577 @ 307.60p Value: £47,915Smith (DS) (SMDS) Director name: Mr Ian GriffithsAmount purchased: 15,000 @ 266.60p Value: £39,990Howden Joinery Group (HWDN) Director name: Mr Mark RobsonAmount purchased: 12,627 @ 307.50p Value: £38,828Top Director SellsPremier Energy & Water Trust (PEW) Director name: Mr Michael D. WigleyAmount sold: 47,095 @ 185.00p Value: £87,126NR