John Allwood, non-executive director of mobile phones seller Carphone Warehouse has rounded up his holding in the company to 10,000 shares.
Allwood bought 6,500 shares at 303.9p each, at a cost of just under £20,000, as the shares hit a new 52-week low on Thursday.
The company's share price has been hit this month by the decision to close its 'big-box' Best Buy stores in the UK and sell off its interest in Best Buy Mobile in the US.
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Not even the promise of returning a chunk of money to shareholders has been enough to reverse the downward path of the share price.
Allwood joined the board of Carphone Warehoue in 2010. He is also a non-executive director of TalkTalk Telecom Group, the company that was demerged from Carphone Warehouse. He is also Group Finance Director of Mecom Group, the media group.
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