Director dealings: Adept Telecom director ups stake for a second time in a week
Christopher Kingsman, non-executive director of Adept Telecom, dropped almost £2.5m to buy 800,000 ordinary shares in the IT managed services provider on Wednesday.
Adept Technology Group
200.50p
16:55 06/04/23
Fixed Line Telecommunications
1,857.38
17:14 28/03/24
FTSE AIM All-Share
743.26
16:50 28/03/24
Kingsman, who was appointed to Adept's board in November 2017, acquired his shares at 305.00p each, his third purchase in under a week..
Following the purchase, Kingsman held a total beneficial interest in 5,049,357 ordinary shares in Adept via his interest in Greenwood Investments, representing an approximate 21.3% stake in the current issued share capital of the Tunbridge Wells-based firm.
In its interim report card for the six months ended 30 September 2017, Adept saw total revenue increase 36% to £22.6m and EBITDA margins fall back to 21.0% from the 21.4% posted a year earlier, however, pre-tax profits still managed to move in line with revenues, jumping ahead 36% to £2.1m.
As of 1500 GMT, shares had gained 2.19% to 327.00p.
Top Director Buys
Adept Telecom (ADT)
Director name: Kingsman ,Christopher
Amount purchased: 800,000 @ 305.00p
Value: £2,439,999.96
Young & Co's Brewery 'a' Shares (YNGA)
Director name: Miller,Nick
Amount purchased: 18,000 @ 1,375.00p
Value: £247,500.00
Hammerson (HMSO)
Director name: Duddy,Terry
Amount purchased: 15,000 @ 454.50p
Value: £68,175.00
Devro (DVO)
Director name: Hoetmer ,Gerard
Amount purchased: 25,000 @ 199.54p
Value: £49,885.00
Top Director Sells
Young & Co's Brewery 'a' Shares (YNGA)
Director name: Goodyear,Stephen
Amount sold: 9,000 @ 1,375.00p
Value: £123,750.00
Young & Co's Brewery 'a' Shares (YNGA)
Director name: Goodyear,Stephen
Amount sold: 9,000 @ 1,375.00p
Value: £123,750.00
Sanderson Group (SND)
Director name: Winn,Christopher
Amount sold: 100,000 @ 85.50p
Value: £85,500.00