Hilton Chief stocks up on 100,000 shares

Robert Watson, Chief Executive Officer of Hilton Food Group, snapped up 100,000 shares in the company on Wednesday April 11, less than a fortnight after the company posted a 10% rise in pre-tax profits.

Watson, who has held his position since 2002, purchased the shares at 280p each for a total outlay of £280,000.

Fellow board members Colin Smith and Sir David Naish, both non-executive directors, also stocked up, buying 20,000 at 295p and 10,000 at 280p, respectively.

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At the end of March the firm posted a 13.6% rise in revenue from £864.2m last year to £981.3m, profit before tax of £24.5m up from £22.2m, and net debt of £18.7m, slightly up from £18.0m the same date the previous year.

The increase in revenue was attributed to the firm's new facility in Denmark and the recovery of higher raw material meat prices.

Top Director Buys

Hilton Food Group (HFG)

Director name: Mr Robert Watson

Amount purchased: 100,000 @ 280.00p

Value: £280,000

Hilton Food Group (HFG)

Director name: Mr Colin D Smith

Amount purchased: 20,000 @ 295.00p

Value: £59,000

Hilton Food Group (HFG)

Director name: Sir David F Naish

Amount purchased: 10,000 @ 280.00p

Value: £28,000

Signet Jewelers Ltd. (SIG)

Director name: Mr Mark Light

Amount purchased: 41,576 @ 1,563.36p

Value: £649,983

City of London Inv Trust (CTY)

Director name: Mr Martin Morgan

Amount purchased: 17,300 @ 288.47p

Value: £49,905

Edinburgh UK Tracker Trust (EUK)

Director name: Mr Paul Yates

Amount purchased: 15,000 @ 253.42p

Value: £38,013

Dragon Oil (DGO)

Director name: Mr Abdul-Jaleel Al-Khalifa

Amount purchased: 4,714 @ 403.50p

Value: £19,021

Xaar (XAR)

Director name: Mr Ramon Borrell

Amount purchased: 6,901 @ 229.10p

Value: £15,810

Murgitroyd Group (MUR)

Director name: Mr David M Gray

Amount purchased: 3,000 @ 360.00p

Value: £10,800

Top Director Sells

Signet Jewelers Ltd. (SIG)

Director name: Mr Mark Light

Amount sold: 41,576 @ 2,902.30p

Value: £1,206,660

Zotefoams (ZTF)

Director name: Mr David Stirling

Amount sold: 88,660 @ 170.00p

Value: £150,722

Zotefoams (ZTF)

Director name: Mr C G Hurst

Amount sold: 61,940 @ 170.00p

Value: £105,298

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