Wood Group director greets FY results with share purchase

19th Feb 2014 15:28

Ian Marchant, a Senior Independent Director on the board of oil services company Wood Group, marked Tuesday's in-line results with the purchase of 15,000 shares. The 714p-a-share deal, which set the non-exec back £107,100, significantly increased his stake to 22,777 shares. The transaction was made one day after the company reported a 14% increase in pre-tax profits to $412.8m for the year ended December 31st 2013.Revenues rose 3% to $7.1bn, while profits before interest, tax and amortisation (EBITA) jumped 16% to $533m. The US-based company said it would increase its dividend by 29% to 22 cents a share.The news prompted the share price from Monday's closing price of 676.50p to 715.915p. On Wednesday, the group's 'hold' rating was reiterated by Deutsche Bank. Top Director BuysWood Group (John) (WG.) Director name: Mr Ian D MarchantAmount purchased: 15,000 @ 714.00p Value: £107,100SABMiller (SAB) Director name: Mr Guy Elliott Amount purchased: 2,000 @ 2,790.50p Value: £55,810Mckay Securities (MCKS) Director name: Mr Simon C PerkinsAmount purchased: 29,000 @ 189.00p Value: £54,810Mckay Securities (MCKS) Director name: Mr David O ThomasAmount purchased: 26,455 @ 189.00p Value: £50,000Mckay Securities (MCKS) Director name: Viscount LiffordAmount purchased: 26,000 @ 189.00p Value: £49,140Mckay Securities (MCKS) Director name: Mr Giles SalmonAmount purchased: 15,000 @ 189.00p Value: £28,350Mckay Securities (MCKS) Director name: Mr Steven R MewAmount purchased: 5,300 @ 189.00p Value: £10,017Mckay Securities (MCKS) Director name: Mr Nigel AslinAmount purchased: 5,300 @ 189.00p Value: £10,017Mckay Securities (MCKS) Director name: Mr Andrew E G GullifordAmount purchased: 5,292 @ 189.00p Value: £10,002Top Director SellsSThree (STHR) Director name: Mr Justin HughesAmount sold: 100,000 @ 402.00p Value: £402,000Arden Partners (ARDN) Director name: Mr Jonathan KeelingAmount sold: 25,000 @ 96.00p Value: £24,000NR