Cryo-Save's executive chairman Marc Waeterschoot has spent £1.12m on shares in the cell storage specialist the month after the group warned that full-year results will be below expectations.
Waeterschoot bought 2,977,500 shares at 37.5p each, taking his interest in the company to 9,251,670 shares, or 19.84%.
Shares in Cryo-Save dropped sharply in September after the cell storage specialist warned that full-year results will be below expectations.
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"August volumes were lower than expected, which combined with the delay in price increases in the large markets of Spain and Hungary plus the costs relating to group infrastructure and the Indian and French investments, means that the group's financial performance in 2008, will be less than initially expected," the group said at the time.
Top Director Buys
Cryo-Save Group (CRYO)
Director name: Mr Marc Waeterschoot
Amount purchased: 2,977,500 @ 37.50p
Value: £1,116,562
Prudential (PRU)
Director name: Mr Harvey McGrath
Amount purchased: 291,295 @ 343.30p
Value: £1,000,016
Fidessa (FDSA)
Director name: Mr Chris Aspinwall
Amount purchased: 47,000 @ 535.00p
Value: £251,450
Africa Opportunity Fund (AOF)
Director name: Mr Robert C Knapp
Amount purchased: 250,000 @ $0.65
Value: $162,500
OPD Group (OPD)
Director name: Mr Peter Hearn
Amount purchased: 98,000 @ 83.00p
Value: £81,340
Fidessa (FDSA)
Director name: Mr Andy Malpass
Amount purchased: 9,500 @ 535.00p
Value: £50,825
Cluff Gold (CLF)
Director name: Mrs Eileen Carr
Amount purchased: 200,000 @ 20.00p
Value: £40,000
Gem Diamonds (GEMD)
Director name: Mr Gavin Beevers
Amount purchased: 13,500 @ 286.30p
Value: £38,650
Salamander Energy (SMDR)
Director name: Mr James Menzies
Amount purchased: 25,000 @ 115.60p
Value: £28,900
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