XP Power director make double purchase

David Hempleman-Adams, a non-executive director of power controller manufacturer XP Power, has purchased two lots of shares less than a week after the firm cautioned over its revenues.

The first purchase saw Hempleman-Adams, who joined the firm in 2008, snap up his first round of shares in the firm, buying 5,000 at 1,061.49p.

Three days later, on April 16th, he then bought an additional 4,450 shares for 1,057.70p each at a cost of £47,068, taking his total stake in the company to 9,450, or 0.05%.

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Just one day before the first purchase, 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%.

The firm says it expects stronger revenues in the second quarter with customers placing orders at an increased rate, but warned that full year revenue is likely to be flat.

The share price has plunged over 35%, equivalent to 598p, over the past year, although it has risen 1.7%, equal to 18p, in the last week.

Top Director Buys

XP Power Ltd. (DI) (XPP)

Director name: Mr David Hempleman Adams

Amount purchased: 4,450 @ 1,057.70p

Value: £47,068

Plant Health Care (PHC)

Director name: Mr David Buckeridge

Amount purchased: 19,400 @ 54.12p

Value: £10,499

Plant Health Care (PHC)

Director name: Mr Samuel A Wauchope

Amount purchased: 19,400 @ 54.12p

Value: £10,499

Top Director Sells

Aggreko (AGK)

Director name: Mr Rupert Soames

Amount sold: 322,384 @ 2,160.00p

Value: £6,963,494

Aggreko (AGK)

Director name: Mr Angus Cockburn

Amount sold: 210,612 @ 2,160.00p

Value: £4,549,219

Aggreko (AGK)

Director name: Mr Kash Pandya

Amount sold: 210,258 @ 2,160.00p

Value: £4,541,573

Aggreko (AGK)

Director name: Mr George P Walker

Amount sold: 161,495 @ 2,160.00p

Value: £3,488,292

Aggreko (AGK)

Director name: Mr Bill Caplan

Amount sold: 130,598 @ 2,160.00p

Value: £2,820,917

Spirax-Sarco Engineering (SPX)

Director name: Mr James Whalen

Amount sold: 7,500 @ 2,112.20p

Value: £158,414

Brammer (BRAM)

Director name: Ms Christopher Short

Amount sold: 10,300 @ 351.00p

Value: £36,153

Brammer (BRAM)

Director name: Mr Ian Fraser

Amount sold: 10,000 @ 351.00p

Value: £35,100

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