13th May 2016 12:20
LONDON (Alliance News) - Flowtech Fluidpower PLC said three directors bought shares on Thursday and Friday.
Non-Executive Director Nigel Richens bought 15,000 shares and Chief Executive Officer Sean Fennon bought 10,000 shares. Both purchases were made at a price of 140 pence per share.
Chief Financial Officer Bryce Brooks bought 3,000 shares at 142.4p each.
After the purchases Fennon, Brooks and Richens hold 219,000, 94,000 and 50,000 shares, respectively.
Flowtech Fluidpower on Tuesday has said its pretax profit in 2015 was little more than a sixth of what it was the year earlier, due to a financial gain which did not repeat in the current financial year, but the company hiked its dividend on a positive outlook.
The stock was up 2.3% at 142.12p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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