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.
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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
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