Trifast non-exec spends £21,500

Trifast announced today that senior independent non-executive director Neil Chapman spent £21,500 on shares in the industrial fastener and components group.

Chapman bought 100,000 shares at a price of 21.5p each on 17 June, the same day Trifast binned its final dividend in view of difficult trading conditions.

The company, which issued a profit warning in February and saw its chairman and chief executive quit in March, announced at the time that it suffered a pre-tax loss of £11m in the year to 31 March 2009, compared to a pre-tax profit of £6.81m the year before.

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Chapman now holds 320,000 ordinary shares in the company.

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