Sinclair Pharma's new chief executive and two non-executive directors all increased their shareholdings after the specialist pharma company's recent fundraising.
Sinclair raised £18.2m - £16m after expenses - at 32p a share to finance the purchase of Flammazine and Flammacerium, which are creams to prevent infections in burns, from Solvay. Sinclair paid €17.5m to Solvay for the two products, which generate annual revenues of more than £9m.
Chief executive Chris Spooner has invested nearly £822,000 in the shares at 32p each. He increased his stake from 3.85m shares to 6.42m shares, which gives him 4% of the company.
Subscribe to 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
Jean-Charles Tschudin invested £60,799 and chairman Grahame Cook invested £32,000. Cook owns 700,000 shares and Tschudin 632,388 shares.
Godalming-based Sinclair is quoted on the Main Market and Euronext Paris. It specialises in dermatology and oral health products.
Top Director Buys
Sinclair Pharma (SPH) Director name: Mr Chris SpoonerAmount purchased: 2,568,140 @ 32.00p Value: £821,805
Sinclair Pharma (SPH) Director name: Mr Jean-Charles TschudinAmount purchased: 189,997 @ 32.00p Value: £60,799
The Capital Pub Company (CPUB) Director name: Mr Clive WatsonAmount purchased: 50,000 @ 71.00p Value: £35,500
Sinclair Pharma (SPH) Director name: Mr Grahame CookAmount purchased: 100,000 @ 32.00p Value: £32,000
Game Group (GMG) Director name: Ms Ishbel Jean Stewart MacphersonAmount purchased: 20,000 @ 99.69p Value: £19,938
Baillie Gifford Shin Nippon (BGS) Director name: Mr Iain McLarenAmount purchased: 10,000 @ 117.89p Value: £11,789
Top Director Sells
Blackstar Group (BLCK) Director name: Mr Julian TregerAmount sold: 250,000 @ 52.00p Value: £130,000
Dairy Farm International (Singapore) (DFI) Director name: Mr Ronald J FlotoAmount sold: 20,900 @ $6.16 Value: $128,821
Topps Tiles (TPT) Director name: Mr Nick D OunsteadAmount sold: 100,000 @ 92.50p Value: £92,500
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
