Chairman of the Audit Committee at DS Smith, Jonathan Nicholls, has bought £74,366-worth of shares in the recycled packaging firm.
The purchase, which saw the non-executive buy 32,309 shares at 230.17p each, comes less than two weeks after the firm launched an agreed bid for the second largest packaging business in Europe.
The firm will pay €1.6bn (£1.3bn) for SCA Packaging, a Swedish company.
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The purchase will be funded from new and existing debt as well as an underwritten £466m rights issue.
Earlier in the month the company announced it is set to receive a tidy sum as a result of its 49.6% interest in Rubezhansk, the leading paper and packaging business in the Ukraine.
Rubezhansk has completed the signing of a revised five-year loan agreement with its existing lender group and as a result DS Smith will now be recognising its share of the profits and investment in this associate business, in the second half of this financial year.
The stock has gained close to 10% over the year, although has dipped over 1% in the past week.
Top Director Buys
Immunodiagnostic Systems Holdings (IDH)
Director name: Dr Burkhard Wittek
Amount purchased: 43,867 @ 304.66p
Value: £133,645
PureCircle Ltd. (DI) (PURE)
Director name: Mr Olivier Maes
Amount purchased: 100,000 @ 90.00p
Value: £90,000
DS Smith (SMDS)
Director name: Mr Jonathan C Nicholls
Amount purchased: 32,309 @ 230.17p
Value: £74,366
Graphite Enterprise Trust (GPE)
Director name: Mr Jeremy Tigue
Amount purchased: 14,186 @ 350.00p
Value: £49,651
Assura Group Ltd. (AGR)
Director name: Mr David H Richardson
Amount purchased: 167,805 @ 29.50p
Value: £49,502
Telecom Plus (TEP)
Director name: Mr Julian Schild
Amount purchased: 5,000 @ 656.00p
Value: £32,800
Sierra Rutile Ltd (SRX)
Director name: Mr Jan Alex Castro
Amount purchased: 50,000 @ 64.75p
Value: £32,375
Immunodiagnostic Systems Holdings (IDH)
Director name: Mr Paul Hailes
Amount purchased: 6,500 @ 309.00p
Value: £20,085
Immunodiagnostic Systems Holdings (IDH)
Director name: Mr Roger Duggan
Amount purchased: 6,300 @ 308.57p
Value: £19,440
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