Spirit Pub Company's outgoing chief executive Ian Dyson has purchased £58,575 worth of shares just days before he exits the company.
The director, who is leaving the firm after just over a year in the job, bought up 150,000 shares at 39.05p.
The former Marks & Spencer finance director will leave his post at the company's AGM in December to be replaced by his deputy Mike Tye.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Dyson's replacement Tye joined Punch Taverns in 2008 and was managing director of the managed business prior to Spirit's demerger from Punch in August 2011.
The announcement, made in October, followed strong full year results with earnings per share up 18%.
Speaking about the resignation of Dyson, chairman Walker Boyd said he had led the business through a period of major change, leading to the successful demerger of Spirit and a significant improvement in operating performance and results.
"He will leave Spirit with a clear and exciting strategy, strong operational momentum, a high calibre management team and a well qualified successor," he said.
Top Director Buys
Kingspan Group (KGP)
Director name: Mr Geoff P Doherty
Amount purchased: 150,000 @ €6.00
Value: €900,000
Record (REC)
Director name: Mr James Wood-Collins
Amount purchased: 525,661 @ 14.90p
Value: £78,323
Spirit Pub Company (SPRT)
Director name: Mr Ian Dyson
Amount purchased: 150,000 @ 39.05p
Value: £58,575
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,800 @ 437.24p
Value: £42,850
Tower Resources (TRP)
Director name: Mr Jeremy Asher
Amount purchased: 1,550,000 @ 2.66p
Value: £41,230
PayPoint (PAY)
Director name: Mr Steve Rowley
Amount purchased: 8,013 @ 495.00p
Value: £39,664
Record (REC)
Director name: Mr Paul Sheriff
Amount purchased: 235,046 @ 14.90p
Value: £35,022
JPMorgan Russian Securities (JRS)
Director name: Mr Robert Jeens
Amount purchased: 5,000 @ 511.03p
Value: £25,552
Record (REC)
Director name: Mrs Leslie Hill
Amount purchased: 156,697 @ 14.90p
Value: £23,348
Record (REC)
Director name: Mr Bob Noyen
Amount purchased: 156,697 @ 14.90p
Value: £23,348
Thousands of estates are sitting unclaimed in the UK – is your family name on the list?
420,000 more pensioners to be dragged into paying income tax – how does tax on the state pension work?
