6th Jul 2016 13:16
LONDON (Alliance News) - Shipping company Clarkson PLC on Wednesday said Chairman James Hughes-Hallett and Non-Executive Director Peter Backhouse both bought shares in the company.
Hughes-Hallett bought 1,500 shares at 1,800.00p per share on Tuesday, while Backhouse bought 2,500 shares at 1,839.40 pence per share across Monday and Tuesday.
The purchases came after Clarkson had issued a profit warning on Monday, saying 2016 profit will be "materially lower" year-on-year due to continued challenges in the ship broking market.
Clarkson shares were down 8.3% on Wednesday at 1,645.70p.
By Lucy Heming; [email protected]
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