Caroline Bergin, a board member at the Irish convenience food manufacturer Greencore, spent €25,000 more than doubling her stake in the company, it announced today.
She bought 16,000 shares at €1.565 a share and now has 28,658 shares in the company.
The company's share price has fallen sharply since Bergin, who joined Greencore in 1991 as company solicitor, last bought shares, taking just under 5,000 at €2.37 a time.
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Greencore, whose prepared foods are sold under brand names such as Heinz and Weight Watchers, saw its share price fall heavily last month after admitting it had "uncovered a deliberate concealment of costs at its Mineral Water business, leading to a material misstatement of financial performance covering the financial years 2006, 2007 and the current financial year."
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Director name: Mr Steve Nicandros
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Director name: Ms Caroline M Bergin
Amount purchased: 16,000 @ € 1.57
Value: € 25,040
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