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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
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
-
Redundancy on the rise – how to manage a sudden drop in incomeUnemployment and redundancies are higher than a year ago, new figures show. We look at how to protect your finances if you face a sudden loss of income.
-
What is the ideal time to spend on the property market? How you could risk losing thousandsTime on the housing market matters – get an offer too quickly or too slowly and you’ll often find you have to settle for less than the asking price. What is the ideal time for a property to spend on the market?
