25th May 2016 12:46
LONDON (Alliance News) - FTSE 250 listed Homeserve PLC said four board members bought 74,940 shares on Wednesday as the company reported an increase in profit on Tuesday.
Chairman Barry Gibson bought 24,000 shares at 460 pence each and now holds 150,070 shares.
Chief Executive Officer Richard Harpin 19,118 shares at 465p each, taking his shareholding to 38.5 million shares, or a 12.5% stake.
Non-Executive Director Chris Havemann 11,822 shares, also at 465p each, which is his only holding.
Non-Executive Director Ben Mingay bought 20,000 shares at 461p each and now holds 57,142 shares.
On Tuesday Homeserve reported an increase in full-year profit boosted by a strong performance from its US division. Pretax profit rose to GBP82.6 million in the year ended March 31, HomeServe said in a statement, from GBP76.7 million a year earlier, as revenue increased to GBP633.2 million from GBP584.2 million. HomeServe increased its total dividend for the year to 12.7 pence from 11.5p.
Shares in the home emergency, repair and heating installation services provider were up 1.0% at 467.50p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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