Another XP Power director stocks up

James Peters, Deputy Chairman of XP Power, the power controller manufacturer, has purchased 7,000 shares less than a week after the firm cautioned over its revenues.

Peters, who founded XP in 1988, bought the shares for 1100p. The £77,000 transaction takes Peters' stake in the firm to 2,178,254 shares, equivalent to 11.32%.

On April 12th the company announced that group revenues in the three months to March 31st declined by 10% over the same period in 2011, with the weakness most evident in the industrial sector. In constant currency the decline was 11%.

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Since the announcement, David Hempleman-Adams, a Non-Executive Director, has also snapped up shares, purchasing a total of 9,450 shares at an average price of 1,059.595p.

He had not previously owned shares in the company.

The share price, which has lost 527p over the past year, has risen 9.6%, equal to 100p, in the last week.

Top Director Buys

SVG Capital (SVI)

Director name: Mr Lynn Fordham

Amount purchased: 14,698 @ 292.60p

Value: £43,006

Quadnetics Group (QDG)

Director name: Mr John Shepherd

Amount purchased: 13,800 @ 290.00p

Value: £40,020

Oxus Gold (OXS)

Director name: Mr Oliver Prior

Amount purchased: 131,138 @ 12.80p

Value: £16,786

Bullabulling Gold Limited (DI) (BGL)

Director name: Dr Jeffrey Francis Anthony Malaihollo

Amount purchased: 75,000 @ 18.70p

Value: £14,025

Top Director Sells

Ashley (Laura) Holding (ALY)

Director name: Mr David W Masters

Amount sold: 406,250 @ 23.50p

Value: £95,469

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