ZincOX MD adds to his stake

ZincOx managing director Peter Wynter Bee has invested more than £64,000 in the zinc recycling and mining company following Wednesday's full year figures.

Wynter Bee bought 128,000 shares at 50.25p each, taking his stake to 490,000 shares - equivalent to 0.63% of ZincOx.

Fellow executive directors Simon Hall and Simon Mulholland have bought 10,000 shares and 2,000 shares respectively at 50p a share.

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There was a cash outflow from operations of £4.45m in 2009. ZincOx had £47m in the bank at the end of 2009.

Wynter Bee along with his fellow directors fought off an attempt to oust them from the board earlier in April.

All the resolutions at the requisitioned general meeting of ZincOx were defeated. US SDR LLC and Aldersgate Investment Managers, which own 5% of ZincOx between them, were behind the requisition.

Few other shareholders supported the resolutions. The biggest vote in favour was equivalent to 5.93% of ZincOx's share capital and it was still less than 10% of the votes cast.

Top Director Buys

ZincOx (ZOX) Director name: Mr Peter Wynter BeeAmount purchased: 128,000 @ 50.25p Value: £64,320

London & St Lawrence Inv Co. (LSLI) Director name: Mr Philip AshfieldAmount purchased: 14,000 @ 252.50p Value: £35,350

London & St Lawrence Inv Co. (LSLI) Director name: Mr S. P. AshfieldAmount purchased: 12,000 @ 252.50p Value: £30,300

Gresham Computing (GHT) Director name: Mr Eric SepkesAmount purchased: 160,000 @ 15.50p Value: £24,800