Wilmington Group's soon-to-be CFO boosts stake

11th Oct 2012 16:17

Tony Foye, the new Executive Director of Wilmington Group, a financial and legal training provider, has bought up 385,000 ordinary shares, significantly boosting his share in the company to 435,000 shares. Foye joined the firm at the beginning of last month and is to become the Chief Financial Officer (CFO) of the company in November, replacing Basil Brookes, who is set to retire from the group at the end of the year. Foye purchased the shares at 130p each for a total of £500,500.The company last month reported increased profits as it successfully chased higher margin work over the 12 months to the end of June. Adjusted profits before tax for the full year were £14m, a rise of 4.6% on the prior year, with earnings before interest, tax and amortisation (EBITA) up 10.2% to £16.5m. The firm's share price has risen 49.5%, equal to 45p, in the past year, with the majority of the rise occurring since mid-July, when the company revealed its earnings had been boosted by cost reductions that were implemented last year. Top Director BuysWilmington Group (WIL) Director name: Mr Tony FoyeAmount purchased: 385,000 @ 130.00p Value: £500,500Richoux Group (RIC) Director name: The Hon Robert RayneAmount purchased: 5,781,250 @ 8.00p Value: £462,500Richoux Group (RIC) Director name: Mr Salvatore DilibertoAmount purchased: 5,781,250 @ 8.00p Value: £462,500PureCircle Ltd. (DI) (PURE) Director name: Mr Tan Boon SengAmount purchased: 100,000 @ 218.00p Value: £218,000PureCircle Ltd. (DI) (PURE) Director name: Mr Tan Boon SengAmount purchased: 100,000 @ 218.00p Value: £218,000PureCircle Ltd. (DI) (PURE) Director name: Mr Tan Boon SengAmount purchased: 75,000 @ 219.00p Value: £164,250Richoux Group (RIC) Director name: Mr Edward StandringAmount purchased: 1,875,000 @ 8.00p Value: £150,000Alkane Energy (ALK) Director name: Mr Roger McDowellAmount purchased: 250,000 @ 21.50p Value: £53,750Avanti Communications Group (AVN) Director name: Mr Paul S WalshAmount purchased: 10,000 @ 282.75p Value: £28,275Advance Developing Markets Fund Ltd. (ADMF) Director name: Mr William Nicholas CollinsAmount purchased: 6,000 @ 421.25p Value: £25,275NR