John Sheldrick, a Non-Executive Director of FTSE 250 polymer technology firm Fenner, bought himself 10,000 shares just one day after the company unveiled a 53 per cent increase in pre-tax profit.
Sheldrick purchased the shares for 440p each, for a total of £44,000. This represents 0.005% of Fenner's total issued shares and is Sheldrick's entire holding.
On the same day, Sheldrick's fellow board member, Vanda Murray, also bought a stake in the firm, buying up 2,000 for 446.88p each (equal to 0.0001% in the company).
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The company's rise in profit, for the half year ended February 29th, was the result of bumper demand from its energy and mining customers.
Underlying pre-tax profit increased to £48.1m while pre-tax profit rose to £41.7m from £26.6m the previous year. Revenue for the period swelled to £412m from £332.5m previously.
The group said trading since February has been in line with company expectations.
Top Director Buys
Fenner (FENR)
Director name: Mr John Sheldrick
Amount purchased: 10,000 @ 440.00p
Value: £44,000
Eastern European Trust (EST)
Director name: Ms Rachel Beagles
Amount purchased: 10,096 @ 257.50p
Value: £25,997
Games Workshop Group (GAW)
Director name: Mr Mark Wells
Amount purchased: 4,490 @ 569.94p
Value: £25,590
Vislink (VLK)
Director name: Mr John Varney
Amount purchased: 32,827 @ 33.20p
Value: £10,899
Top Director Sells
IFG Group (IFP)
Director name: Mr Declan Kenny
Amount sold: 50,000 @ 122.68p
Value: £61,340
Games Workshop Group (GAW)
Director name: Mr Mark Wells
Amount sold: 1,982 @ 570.00p
Value: £11,297
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