15th Sep 2016 10:41
LONDON (Alliance News) - Modern Water PLC Thursday said Financial Director Stephen Heaps bought 100,000 shares on Wednesday.
Heaps bought 50,000 shares at 5.35 pence each, 45,000 shares at 5.375p each, and 5,000 shares at 5.34p each.
General Counsel and Company Secretary Toby Schumacher also bought 100,000 shares at a price of 5.25 pence per share on Wednesday.
The water and wastewater treatment company on Wednesday said a reduction in costs help to offset a fall in revenue during the first half of 2016 after its water monitoring division suffered from weak markets in China, which it is expecting to improve later this year.
The stock was up 2.3% at 5.37p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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