LONDON (ShareCast) - Bosses at Topps Tiles’ spent millions of pounds on shares in the flooring and tiling specialist yesterday, the day after it cut its interim dividend following a fall in profits.
Chairman Barry Bester took 2.5m shares at 75p each, paying a total of £1.875m, and now has around 16.4m shares in the company, or around 9.2%.
He was joined by the company’s president Stuart Williams, who took 2m shares at the same price and now has more than 19m shares.
Chief Executive Matthew Williams took 50,000 shares, paying 74p a share.
Other board members, including the Conservative MP Michael Jack bought smaller stakes.
Shares in Topps Tiles have fallen heavily over the past year. Last August, Matthew Williams paid 231.5p a share for 30,000 shares.
Top Director Buys
Topps Tiles (TPT)
Director name: Mr Barry F J Bester
Amount purchased: 2,500,000 @ 75.00p
Value: £1,875,000
London Stock Exchange Group (LSE)
Director name: Mr Clara Furse
Amount purchased: 17,449 @ 1,025.60p
Value: £178,957
Greencore Group (GNC)
Director name: Mr Patrick F Coveney
Amount purchased: 40,000 @ € 3.09
Value: € 123,680
Landkom International (LKI)
Director name: Mr Laurence Holyoake
Amount purchased: 100,000 @ 87.90p
Value: £87,900
Metal-Tech (MTT)
Director name: Ms Ariel Rosenberg
Amount purchased: 150,000 @ 55.00p
Value: £82,500
Vebnet (Holdings) (VBT)
Director name: Mr Montague Samuels
Amount purchased: 50,000 @ 120.00p
Value: £60,000
St. Modwen Properties (SMP)
Director name: Mr Steve Burke
Amount purchased: 13,698 @ 365.00p
Value: £49,998
St. Modwen Properties (SMP)
Director name: Mr W. A.(Bill) Oliver
Amount purchased: 13,698 @ 365.00p
Value: £49,998
Topps Tiles (TPT)
Director name: Mr Matthew Williams
Amount purchased: 50,000 @ 74.00p
Value: £37,000
Dairy Crest Group (DCG)
Director name: Mr Alastair S N Murray
Amount purchased: 8,000 @ 413.80p
Value: £33,104
Top Director Sells
International Ferro Metals (IFL)
Director name: Mr Ronald Barnard
Amount sold: 333,333 @ 141.50p
Value: £471,666
International Ferro Metals (IFL)
Director name: Mr Ian Clyde Watson
Amount sold: 333,333 @ 141.50p
Value: £471,666
Morgan Crucible (MGCR)
Director name: Mr Mark Robertshaw
Amount sold: 69,785 @ 215.00p
Value: £150,038
International Ferro Metals (IFL)
Director name: Mr Stephen Oke
Amount sold: 100,000 @ 141.50p
Value: £141,500
Morgan Crucible (MGCR)
Director name: Mr Kevin Dangerfiled
Amount sold: 34,445 @ 215.00p
Value: £74,057
Henry Boot (BHY)
Director name: Mr D Greaves
Amount sold: 50,000 @ 134.80p
Value: £67,400
Morgan Crucible (MGCR)
Director name: Mr Mark Robertshaw
Amount sold: 25,000 @ 215.00p
Value: £53,750
Morgan Crucible (MGCR)
Director name: Mr Mark Robertshaw
Amount sold: 19,936 @ 219.90p
Value: £43,839
Morgan Crucible (MGCR)
Director name: Mr Kevin Dangerfiled
Amount sold: 6,398 @ 219.90p
Value: £14,069
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