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.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Not even the promise of returning a chunk of money to shareholders has been enough to reverse the downward path of the share price.
Latest Videos FromMoneyWeek
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.
Top Director Buys
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,524 @ 451.23p
Value: £42,974
Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,345 @ 462.12p
Value: £43,185
Iofina (IOF)
Director name: Dr Chris E Fay
Amount purchased: 100,000 @ 20.00p
Value: £20,000
Carphone Warehouse Group (CPW)
Director name: Mr John Allwood
Amount purchased: 6,500 @ 303.90p
Value: £19,753
Renold (RNO)
Director name: Mr Brian Tenner
Amount purchased: 75,000 @ 26.10p
Value: £19,575
IGas Energy (IGAS)
Director name: Mr John Blaymires
Amount purchased: 20,000 @ 51.25p
Value: £10,250
Top Director Sells
Share Plc (SHRE)
Director name: Mr Iain Paul Wallace
Amount sold: 200,000 @ 21.00p
Value: £42,000
--
jh
