Saga CEO buys shares after better-than-expected results

8th May 2015 15:47

The chief executive of Saga Group has purchased £30,245 worth of shares in the company which provides insurance, travel, financial services and healthcare to people over 50 years old.Lance Batchelor bought 15,392 shares at 196.50p per share on 7 May, a week after the group revealed its maiden results beat forecasts. Chief financial officer designate, Jonathan Hill, purchased 7,809 shares at £1.957 each.Annual profits before tax grew by 9.6% to £195m, excluding several expenses including the £50m cost of the stock market float and derivatives movements. Revenues were up 0.6% to £900.5m.Top Director BuysAstraZeneca (AZN) Director name: Mr Marc DunoyerAmount purchased: 10,000 @ 4,397.00p Value: £439,700Matomy Media Group Limited (DI) (MTMY) Director name: Mr Ilan ShiloahAmount purchased: 180,000 @ 140.00p Value: £252,000Matomy Media Group Limited (DI) (MTMY) Director name: Mr Ilan ShiloahAmount purchased: 50,000 @ 137.00p Value: £68,500Saga (SAGA) Director name: Mr Jonathan HillAmount purchased: 15,556 @ 195.70p Value: £30,443Saga (SAGA) Director name: Mr Lance BatchelorAmount purchased: 15,392 @ 196.50p Value: £30,245Hvivo (HVO) Director name: Mr James Winschel Amount purchased: 8,000 @ 321.60p Value: £25,728Matomy Media Group Limited (DI) (MTMY) Director name: Mr Ilan ShiloahAmount purchased: 15,370 @ 140.00p Value: £21,518Top Director SellsWhitbread (WTB) Director name: Mr Paul FlaumAmount sold: 15,857 @ 5,265.00p Value: £834,871First Quantum Minerals Ltd. (FQM) Director name: Mr Martin R RowleyAmount sold: 25,000 @ 1,038.89p Value: £259,723Standard Chartered (STAN) Director name: Mr Peter A SandsAmount sold: 30,000 @ 1,030.00p Value: £309,000