Peter Hickson, Chairman of Chemring, the military equipment maker, has treated himself to £94,475-worth of shares in the firm.
Hickson, who joined the group in mid-2011, bought up 25,000 shares at 377.9p each.
On January 24th the company reported a rise in both revenues and profits during 2011 despite cutbacks in defence spending in its biggest markets.
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However, a statement from FinnCap last week suggested the results were somewhat lower than its forecasts and also below the market's estimates. The broker also said that the statement included a "fairly lacklustre outlook" regarding NATO spending.
Speaking at the time, Hickson said: "The continuing problems of the Eurozone and the impact of possible sequestration in the US indicate that our traditional markets will not be any easier this year."
The firm has lost over 40% on its share price over the past year, but gained 1.53% to 385.7p by 16:27 today.
Top Director Buys
Kirkland Lake Gold Inc. (KGI)
Director name: Mr John Sidney Thomson
Amount purchased: 6,600 @ 1,122.01p
Value: £74,053
Chemring Group (CHG)
Director name: Mr Peter Hickson
Amount purchased: 25,000 @ 377.90p
Value: £94,475
Kingspan Group (KGP)
Director name: Ms Helen Kirkpatrick
Amount purchased: 8,489 @ €6.20
Value: €52,632
Hiwave Technologies (HIW)
Director name: Mr James Lewis
Amount purchased: 1,485,215 @ 2.48p
Value: £36,833
Hiwave Technologies (HIW)
Director name: Mr James Lewis
Amount purchased: 936,000 @ 2.50p
Value: £23,400
Absolute Return Trust Ltd. GBP Shares (ABR)
Director name: Mr Andrew Sykes
Amount purchased: 10,467 @ 109.75p
Value: £11,488
Top Director Sells
Kirkland Lake Gold Inc. (KGI)
Director name: Mr John Sidney Thomson
Amount sold: 70,600 @ 1,092.18p
Value: £771,079
Grainger (GRI)
Director name: Mr Andrew R Cunningham
Amount sold: 78,000 @ 102.48p
Value: £79,934
Grainger (GRI)
Director name: Mr Peter Couch
Amount sold: 43,200 @ 98.20p
Value: £42,422
NR
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