Ken Hanna, a non-executive director at Aggreko since October, has opened his account with the temporary power and temperature control specialist, taking a big chunk of shares.
He took 10,000 shares at 1,500p a go, spending a total of £150,000.
The purchase was announced on the same day Aggreko said it has won a contract to be the exclusive supplier of temporary energy services at the London Olympics in 2012.
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
The value of the contract is expected to be around £37m. It will also be the sponsor of both the Olympic and Paralympic Games.
The news will be welcomed by Aggreko, which has enjoyed a strong 2010, due in large part to events such as the football World Cup, but warned that about £90m in revenues from major events will not recur in 2011.
Hanna is the chairman of car dealer Inchcape and a non-executive director of the supermarket Tesco. He has also been the chief financial officer of the chocolate company Cadbury before it was taken over by the US food giant Kraft.
Top Director Buys
Goals Soccer Centres (GOAL) Director name: Sir Rodney WalkerAmount purchased: 120,001 @ 125.00p Value: £150,001
Aggreko (AGK) Director name: Mr Ken HannaAmount purchased: 10,000 @ 1,500.00p Value: £150,000
Intermediate Capital Group (ICP) Director name: Mr Philip KellerAmount purchased: 30,000 @ 328.30p Value: £98,490
Wincanton (WIN) Director name: Mr Eric BornAmount purchased: 50,000 @ 160.50p Value: £80,250
Drax Group (DRX) Director name: Mr David LindsellAmount purchased: 7,500 @ 362.24p Value: £27,168
Wincanton (WIN) Director name: Mr David EdmondsAmount purchased: 15,000 @ 161.84p Value: £24,276
Patsystems (PTS) Director name: Mr John PriestleyAmount purchased: 77,667 @ 25.75p Value: £19,999
Patsystems (PTS) Director name: Mr Stewart Douglas-MannAmount purchased: 80,000 @ 24.20p Value: £19,360
GETECH Group (GTC) Director name: Mr Peter StephensAmount purchased: 100,000 @ 14.25p Value: £14,250
Fyffes (FFY) Director name: Mr Seamus KeenanAmount purchased: 34,700 @ 31.07p Value: £10,781
Top Director Sells
Ocean Power Technologies Inc. (DI) (OPT) Director name: Dr George W TaylorAmount sold: 47,000 @ 365.67p Value: £171,865
Shaftesbury (SHB) Director name: Mr Jonathan S LaneAmount sold: 25,258 @ 457.00p Value: £115,429
Shaftesbury (SHB) Director name: Mr Brian BickellAmount sold: 18,104 @ 457.00p Value: £82,735
Shaftesbury (SHB) Director name: Mr Simon J QuayleAmount sold: 17,756 @ 457.00p Value: £81,145
Buying infrastructure funds - 'cheap is not always cheerful'
The new products and growth sectors driving America’s long-term winners
