Director dealings: Cranswick CEO's spouse lowers stake
Heather Couch, spouse of Cranswick's chief executive Adam Couch, disposed of 13,500 ordinary shares in the FTSE 250-listed food supplier on Friday, just weeks after the company reported a 17.6% increase in turnover to £1.46bn for its last trading year.
Couch, whose husband has been Cranswick's top man since 2012, sold the shares at an average price of 3,411.75p each for a total of £460,586.
Cranswick's revenues grew 12.7% on a like-for-like basis in its trading year ended 31 March and adjusted pre-tax profits increased 22.4% to £92.4m.
On 22 May, Adam Couch said, "Over the last 12 months we have strengthened our asset base, enhanced market positions and developed new customer relationships. We continue to make good progress against each of our strategic objectives and we are well placed to continue our successful development in the current financial year and over the longer term."
As of 1450 BST, Cranswick shares had collected 2.91% to 3,468p.
Top Director Buys
Pets at Home Group (PETS)
Director name: Mr Tony DeNunzio
Amount purchased: 200,000 @ 127.60p
Value: £255,200
Inchcape (INCH)
Director name: Mr Nigel Stein
Amount purchased: 26,500 @ 760.50p
Value: £201,532
Pets at Home Group (PETS)
Director name: Mr Peter Pritchard
Amount purchased: 77,182 @ 128.90p
Value: £99,488
Pets at Home Group (PETS)
Director name: Mr Mike Iddon
Amount purchased: 53,526 @ 130.05p
Value: £69,611
Smart Metering Systems (SMS)
Director name: Mr David Thompson
Amount purchased: 1,335 @ 750.01p
Value: £10,013
Top Director Sells
Intermediate Capital Group (ICP)
Director name: Mr Benoit Durteste
Amount sold: 188,706 @ 1,160.00p
Value: £2,188,990
Cranswick (CWK)
Director name: Mr Adam Couch
Amount sold: 13,500 @ 3,411.75p
Value: £460,586