26th Nov 2015 11:50
LONDON (Alliance News) - Rolls-Royce Holdings PLC on Thursday said Non-Executive Director Kevin Smith bought his first shares in the company on Wednesday.
Smith, who joined the board this month, is the former chief executive of Rolls-Royce's blue-chip engineering rival GKN PLC.
Smith bought 20,000 shares in the company at 603.00 pence per share, the day after the jet engine maker outlined its plans to cut its cost base and simplify its operations following a torrid period of profit warnings caused by multiple market headwinds.
Shares in Rolls-Royce were up 0.5% to 610.00p on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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