Non-executive director Ian West has spent £250,000 on shares in the fixed line voice and broadband telecommunications company TalkTalk, it announced today.
He took 181,700 shares at 137.58p a pop, taking his holding to 346,023 shares.
The shares are lower than when he last took a stake in the company, buying 100,000 shares at 153.17p a time in February, the same month he was appointed to the TalkTalk board.
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Nevertheless, they picked up momentum after the company last week announced a rise in profits in the year to 31 March. Headline earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £276m from £221m the previous year on revenues that climbed by £1.77bn from £1.69bn.
TalkTalk, which was demerged from Carphone Warehouse, said average revenue per user in the fourth quarter rose to £25 a month from £23.60 in the previous quarter.
Revenue will be broadly flat in 2012, the company said.
TalkTalk, which was formed from the demerger of mobile phone retailer Carphone Warehouse, has 4.1m broadband customers.
Prior to his appointment in February, West worked at the satellite broadcaster and broadband provider Sky, where he was in charge of subscriptions and with the telecoms group ntl.
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