28th Oct 2015 13:55
LONDON (Alliance News) - Bwin.Party Digital Entertainment PLC said two of its top executives have added to their shareholdings after the company reported a fall in revenue in the first nine months of 2015 on Wednesday.
Chairman Philip Yea, who also sits on the board of mobile operator Vodafone Group PLC, bought a total of 99,944 shares in two separate transactions. 91,674 shares were bought at 109 pence and 8,270 at 108.50p each.
Following the purchase Yea holds 461,801 shares equating to a 0.06% stake.
Meanwhile Chief Financial Officer Martin Weigold bought 100,000 shares at 109.1p each. Following the transaction he holds 1.1 million shares, or 0.13% of issued shares.
Bwin.Party Digital Entertainment on Wednesday reported a fall in revenue in the first nine months of 2015 as it said it faced a tough comparative period while being hit by VAT charges from the European Union.
The online gaming company said total revenue in the nine months ended September 30 decreased 8% to EUR429.9 million from EUR465.8 million the year before, which it said reflected the absence of a major football tournament, the sale of non-core businesses and the impact of EU VAT.
The stock was up 2.0% at 108.30p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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