Three Darty board members boost stakes after results

25th Jun 2013 16:14

Three executives at Darty have made the most of the recent falls in the European electrical retailer's share price by topping up their stakes, just a week after the company revealed that it had swung into the red in the last financial year.Chairman Alan Park purchased 339,000 shares (equal to 0.06% of the company) at 58.5p each on Monday for a total of £198,315, boosting his stake to 0.08%.Chief Executive Officer Regis Schultz, who joined the board in April, bought his first holding of 339,000 shares at the same price, giving him a 0.06% interest.Meanwhile, Non-Executive Director Carlo D'Asaro Biondo bought 25,000 shares for £14,625, leaving him with a 0.0047% holding.While the stock is up 4.8% so far in 2013, it has fallen by over 15% over the last month.On June 19th, the company recorded a pre-tax loss during the year ended April 30th as it booked exceptional costs of €115.3m following the closure of Darty Spain.The group posted a pre-tax loss of €72.5m in the 12 months ended April 30th 2013 compared to a profit of €38.6m a year earlier. On an adjusted basis, the firm reported a pre-tax profit of €26.4m, down from €78.7m previously.Group revenue fell to €3.8bn during the period compared to €3.9bn the year before. Top Director BuysDaily Mail and General Trust A (Non.V) (DMGT) Director name: Mr Martin MorganAmount purchased: 130,140 @ 766.00p Value: £996,872Darty (DRTY) Director name: Mr Alan C ParkerAmount purchased: 339,000 @ 58.50p Value: £198,315Darty (DRTY) Director name: Mr Regis Schultz Amount purchased: 339,000 @ 58.50p Value: £198,315Asian Citrus Holding (ACHL) Director name: Mr Hon Peregrine Malcolm MoncreiffeAmount purchased: 392,000 @ 22.42p Value: £87,886Chaarat Gold Holdings Ltd. (DI) (CGH) Director name: Ms Linda NaylorAmount purchased: 272,000 @ 9.75p Value: £26,520Record (REC) Director name: Mr James Wood-CollinsAmount purchased: 61,471 @ 33.20p Value: £20,408Record (REC) Director name: Mr Bob NoyenAmount purchased: 54,972 @ 33.20p Value: £18,251F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 19,000 @ 91.44p Value: £17,374Record (REC) Director name: Mrs Leslie HillAmount purchased: 49,786 @ 33.20p Value: £16,529Darty (DRTY) Director name: Mr Carlo D'Asaro BiondoAmount purchased: 25,000 @ 58.50p Value: £14,625Top Director SellsChemring Group (CHG) Director name: Ms Sarah EllardAmount sold: 17,145 @ 270.00p Value: £46,292Private Equity Investor (PEQ) Director name: Mr Charles Julian CazaletAmount sold: 14,719 @ 230.16p Value: £33,877Private Equity Investor (PEQ) Director name: Mr Charles Julian CazaletAmount sold: 9,755 @ 230.16p Value: £22,452