16th Jun 2016 14:37
LONDON (Alliance News) - Servelec Group PLC on Thursday said Non-Executive Director Roger McDowell bought 100,000 shares at a price of 234 pence per share on Wednesday.
Following the purchase, McDowell is interested in 186,054 shares, or a 0.27% in the group.
The software firm on Wednesday said its operating profit for 2016 was set to significantly miss its expectations amid contract delays in some of its divisions.
Servelec said its Social Care and Nuclear & Power businesses both have continued to trade in line, but market challenges facing its Healthcare, Technologies and Oil & Gas divisions will result in operating profit in 2016 being significantly lower year-on-year.
The stock was down 3.8% at 228.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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