Director dealings: Comptoir Group founder collects on nearly £50k after share sale
Comptoir Group
6.83p
09:00 25/04/24
Founder and creative director of UK-based restaurant firm Comptoir Group Tony Kitous sold 333,333 shares in the company at a price of 0.15p each on Monday.
FTSE AIM All-Share
755.20
10:40 25/04/24
Travel & Leisure
7,621.64
10:39 25/04/24
The £49,999.95 sale came after Comptoir's shares had begun to recover from the more than 30% hit to the stock back in June following a profit warning.
Multiple businesses in Britain's casual dining sector had warned investors of a difficult trading outlook over the course of 2017 and Comptoir was no exception to the rule with first half pre-tax losses widening from £435,454 in 2016 to £755,833 a year later, despite a 36% boost to its revenue.
Richard Kleiner, non-executive chairman of the company, said in September, "Notwithstanding the challenging environment that has subsisted since early 2017, I am pleased to see that, over the last few months, the business revenue has stabilised."
"The company is therefore in a good position to take advantage of the opportunities that the board believe will arise over the foreseeable future," he added.
As of 1430 BST, shares had gained 4.55% to 23.00p.
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Director name: Kitous,Tony
Amount sold: 333,333 @ 15.00p
Value: £49,999.95