Non-executive director Philip Rowley has invested £31,000 in interactive whiteboards supplier Promethean World.
Rowley bought 24,838 shares at 124.7p a share, taking his stake to 157,606 shares.
Promethean World floated in March 2010 at 200p a share. The share price has been in decline since June. The interim figures in August have sparked a mini-rally in the shares so they have risen from their low of 119p.
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Promethean World's interims were positive. The Blackburn-based firm said pre-tax profit rose from £2.1m to £9.2m for the six months to June 2010. Revenue increased 35% to £122.4m. The main market is North America but demand for Promethean World's products is increasing in the rest of the world as well. At the moment, 7% of classrooms have interactive whiteboards.
Investec set a price target of 222p at the time of the interims.
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Promethean World (PRW) Director name: Mr Philip RowleyAmount purchased: 24,838 @ 124.70p Value: £30,973
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Bioquell (BQE) Director name: Mr Simon ConstantineAmount purchased: 14,000 @ 115.00p Value: £16,100
Rank Group (RNK) Director name: Mr Peter W JohnsonAmount purchased: 8,926 @ 113.37p Value: £10,119
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Pennon Group (PNN) Director name: Mr Christopher LoughlinAmount sold: 19,023 @ 570.37p Value: £108,501
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Pennon Group (PNN) Director name: Mr D J DupontAmount sold: 16,684 @ 570.37p Value: £95,161
Pennon Group (PNN) Director name: Mr Ken WoodierAmount sold: 9,510 @ 570.37p Value: £54,242
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