30th Oct 2015 11:39
LONDON (Alliance News) - Meggitt PLC on Friday said its chairman and his wife bought shares in the company on Thursday.
Chairman Nigel Rudd bought 27,300 shares at a price of GBP3.4876 each on Thursday. The company also said Lesley Rudd, his wife, bought 29,700 shares at the same price.
Following this transaction, Nigel Rudd's beneficial holding increased to 97,000 shares, or 0.013% of issued share capital.
The aerospace and defence components manufacturer issued a profit warning on Wednesday after the group said trading in the third quarter of 2015 had been below its expectations, with little optimism for any relief in the fourth quarter.
The stock was flat at 347.30p on Friday, benefiting from an upgrade from JPMorgan Cazenove which raised Meggitt to Neutral from Underweight.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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