WH Smith's chairman increases stake

14th Jul 2015 17:00

(ShareCast News) - WH Smith's chairman increased his stake in the British chain after a connected person purchased new shares.Karen Staunton, a connected person to Henry Staunton, purchased 20,000 shares for an individual price of £1.598, spending a total of £319,656 in the transaction.Following the purchase, Staunton holds 30,000 shares in the company either directly or indirectly.WH Smith said last month its total sales in the 13 weeks to 30 May rose, as the performance of the company's shops based in stations and airports offset a disappointing performance in its high street stores.Total group sales were up 1% compared to the same period last year, while like-for-like revenue was unchanged, which was slightly better than consensus analyst expectations.Top Director BuysWH Smith (SMWH) Director name: Mr Henry StauntonAmount purchased: 20,000 @ 1,598.28p Value: £319,656North Atlantic Smaller Companies Inv Trust (NAS) Director name: Hon Peregrine D E M MoncreiffeAmount purchased: 6,000 @ 2,008.00p Value: £120,480