Marston's director tucks in

Derek Andrew has topped up his holding in Marston's following the brewer and pub group's interim results a week ago.

Andrew, managing director of Marston's Inns and Taverns, spent £53,460 on 45,000 shares purchased at 118.80p each.

He joins non-executive director Neil Goulden, who yesterday purchased about £85,000 in shares.

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Marston's, which earlier this year were below £1, rallied Wednesday after it agreed terms for a new banking facility that runs until 2013.

The amount of the facility will reduce from the current £400m to £295m in August 2010, in line with the group's requirements. The amount drawn under the current facility as at 4th October 2008 was approximately £240m.

The previous week Wolverhampton-based group, which runs tenanted pubs and whose brands include Martson's Burton Bitter, bucked the sector trend and maintained its final dividend despite lower full year profits and continued tough trading in the current year.

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