10th Nov 2016 11:13
LONDON (Alliance News) - Collagen products manufacturer Devro PLC on Thursday said its chief executive has bought shares in the company after it issued a profit warning for 2017.
Devro CEO Peter Page, on Thursday, bought 8,300 shares at 180.68 pence per share. His total holding after the purchase was not disclosed.
Devro shares were down 21% to 177.63p on Thursday. The company said sales volumes in 2017 are set to fall around 10% and, as it works to mitigate under-utilisation in its capacity from its volume decline, its underlying operating profit will be below previous expectations.
By Sam Unsted; [email protected]; @SamUAtAlliance
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