Synergy CEO stocks up as Q1 growth limited by currency

27th Jul 2012 15:50

Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares on the same day the firm admitted headline growth in the first quarter had been held back by currency translation with the devaluation of the euro. The deal was announced after trading hours on Thursday. Steeves, who founded the business in 1991, gave a show of support for the company with the purchase of 18,627 shares at 908p each, leaving him with a total of just over 1.8m shares, equal to 3.15% of the issued share capital. During the firm's first quarter, reported revenue increased by 3.5% to £79.3m compared to the same period last year (2011: £76.6m), whilst adjusted operating margins improved by 220 basis points to 16.7% (2011: 14.4%). Top Director BuysVinaLand Ltd (VNL) Director name: Mr Michel CasselmanAmount purchased: 500,000 @ $0.49 Value: $242,500Burberry Group (BRBY) Director name: Ms Stephanie GeorgeAmount purchased: 5,000 @ 1,299.44p Value: £64,972OPG Power Ventures (OPG) Director name: Mr Arvind GuptaAmount purchased: 150,000 @ 40.00p Value: £60,000VP (VP.) Director name: Mr Neil A StothardAmount purchased: 12,000 @ 307.00p Value: £36,840Chamberlin (CMH) Director name: Mr Keith Butler-WheelhouseAmount purchased: 14,000 @ 166.00p Value: £23,240Top Director SellsAmerisur Resources (AMER) Director name: Mr Charles Giles ClarkeAmount sold: 19,410,672 @ 37.50p Value: £7,279,002Burberry Group (BRBY) Director name: Ms Angela AhrendtsAmount sold: 225,000 @ 1,266.17p Value: £2,848,882Amerisur Resources (AMER) Director name: Mr John Nicholas HarrisonAmount sold: 7,026,228 @ 37.50p Value: £2,634,836Burberry Group (BRBY) Director name: Ms Angela AhrendtsAmount sold: 54,397 @ 1,266.17p Value: £688,758Shaftesbury (SHB) Director name: Mr Jonathan S LaneAmount sold: 105,000 @ 538.00p Value: £564,900Shaftesbury (SHB) Director name: Mr Brian BickellAmount sold: 64,473 @ 538.00p Value: £346,865Shaftesbury (SHB) Director name: Mr Simon J QuayleAmount sold: 56,888 @ 538.00p Value: £306,057Shaftesbury (SHB) Director name: Mr Thomas J C WeltonAmount sold: 46,993 @ 538.00p Value: £252,822Euromoney Institutional Investor (ERM) Director name: Mr Dan C CohenAmount sold: 25,000 @ 767.00p Value: £191,750NR