Vigilant chairman beefs up stake

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Date: Friday 02 Jun 2006

LONDON (ShareCast) - Vigilant Technology hasn’t had the easiest start to life as a public company with the shares having taken a beating recently after it warned sales were proving difficult.

“It is clear that a number of tenders on which we are working are taking significantly longer to come to fruition than we expected. As a result sales in the first half of this year will be below the same period of 2005,” said Vigilant last week.

Sir Trevor Chinn, chairman of the premium CCTV security firm, has moved to take advantage of the decline beefing up his own stake with the purchase of more than 1m shares.

Chinn snapped up 1.25m shares, paying 32p per share and spending £400k on the purchase. The deal takes his stake to just over 2m shares or 3.55% of the share capital.


Top Director Buys

Vigilant Technology (VGT)
Director name: Sir Trevor Chinn
Amount purchased: 1,250,000 @ 32.00p
Value: £400,000

Aberforth Smaller Companies Tst (ASL)
Director name: Mr David R Shaw
Amount purchased: 5,000 @ 619.00p
Value: £30,950

Libra Natural Resources (LNR)
Director name: Mr Peter Greensmith
Amount purchased: 280,000 @ 10.50p
Value: £29,400

Baltimore (BLM)
Director name: Mr Timothy Lovell
Amount purchased: 100,000 @ 15.25p
Value: £15,250

Ben Bailey (BBC)
Director name: Mr Max Teare
Amount purchased: 2,775 @ 415.00p
Value: £11,516

Associated British Foods (ABF)
Director name: Mr Tim Clarke
Amount purchased: 1,500 @ 739.00p
Value: £11,085

Bank of Ireland (BKIR)
Director name: Mr Richard Burrows
Amount purchased: 779 @ € 14.14
Value: € 11,011


Top Director Sells

BSkyB (BSY)
Director name: Lord St John of Fawsley
Amount sold: 4,000 @ 531.50p
Value: £21,260

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