Wigoder spends £60k on Telecom Plus stake

published 13 January 2009

The chief executive of Telecom Plus, Charles Wigoder, has upped his stake in the multi-utility by almost £60,000, it emerged today.

Wigoder bought 20,000 shares for 299.75p each, taking his total holding to 16.1m shares, or 24.16% of the business.

In November, the group reported a 55% increase in pre-tax profit for six months ended 30 September 2008 to £9.8m on revenue up 25% to £88.9m.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

"We are on target to report record revenue, record pre-tax profits and a record dividend for the full year, and look forward to the future with great confidence," he said at the time.

Top Director Buys

Value: £599,890

Value: £249,955

Value: £59,960

Value: £57,750

Value: £25,000

Value: £13,250

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.