20th Mar 2014 16:35
LONDON (Alliance News) - Majestic Wine PLC Thursday said Executive Director Justin Apthorp bought 50,000 shares at a price of 410 pence per share.
Following this transaction, Apthorp now holds 545,673 shares, which represents 0.83% stake in the firm.
The retailer said it has experienced challenging trading conditions since the start of the 2014 calendar year, and with two weeks to go until its year end, now expects like-for-like sales to be flat for the financial year as a whole, and pretax profit broadly in line with the previous financial year.
Shares in the wine seller were trading at 409.50 pence down 18.9%, making it the biggest faller on the AIM-All Share Index.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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