Flowgroup's CEO buys shares after cuts in boiler installations
The chief executive of Flowgroup increased his stake in the energy technology developer one day after it decided to cut its boiler installations for 2015.
Flowgroup
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11:59 07/12/18
FTSE AIM All-Share
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Industrial Engineering
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Tony Stiff bought 110,742 shares for 13.75p each, spending a total of £15,227 in the purchase.
Following the transaction, Stiff holds 2.3m shares in the company, which represent 0.726% of its ussed capital.
The company plunged as much as 37% on Tuesday following news it reduced its boiler installations for the rest of the year after the European Court of Justice ruled that it had breached EU laws with its UK sales tax reduction on energy saving products.
Flowgroup warned that reaching profitability would take longer than originally anticipated in the wake of the ruling. As a result, it pushed back its forecast for a net generative cash flow from the fourth quarter of 2015, to the first quarter of 2016.
Top Director Buys
Intu Properties (INTU)
Director name: Mr John Whittaker
Amount purchased: 24,741,724 @ 324.30p
Value: £80,237,411
Share plc (SHRE)
Director name: Mr Richard Tolkien
Amount purchased: 151,515 @ 33.00p
Value: £50,000
Flowgroup (FLOW)
Director name: Mr Tony Stiff
Amount purchased: 110,742 @ 13.75p
Value: £15,227
GETECH Group (GTC)
Director name: Mr Peter Stephens
Amount purchased: 25,000 @ 53.00p
Value: £13,250
GETECH Group (GTC)
Director name: Mr Peter Stephens
Amount purchased: 25,000 @ 53.00p
Value: £13,250
Top Director Sells
Patisserie Holdings (CAKE)
Director name: Mr Luke Oliver Johnson
Amount sold: 4,046,823 @ 312.00p
Value: £12,626,088
Patisserie Holdings (CAKE)
Director name: Mr Paul Edward May
Amount sold: 506,000 @ 312.00p
Value: £1,578,720
Patisserie Holdings (CAKE)
Director name: Mr James Michael Alexander Horler
Amount sold: 147,000 @ 312.00p
Value: £458,640
Patisserie Holdings (CAKE)
Director name: Mr Christopher David Marsh
Amount sold: 51,000 @ 312.00p
Value: £159,120