23rd Jun 2016 14:31
LONDON (Alliance News) - Stadium Group PLC Thursday said three of its directors bought shares as the electronic technologies supplier stated it would miss expectations after losing a significant customer.
Chief Executive Officer Charlie Peppiatt bought 10,000 shares at 80 pence each, taking his holding to 122,490 shares.
Finance Director Joanne Estell purchased 12,000 shares at the same price and now holds 29,184 shares.
Chairman Nick Brayshaw bought 10,000 shares at 79p each and now holds 179,052 shares.
Stadium Group on Thursday said it will not grow as much as expected during the current financial year after losing a "significant customer" as the supplier of wireless services warned its full year results will be fail to meet current expectations.
The company said it has received notice from a significant wireless customer in the telematics space that, following a period of reduced call-off, they will move product design in-house and manufacturing elsewhere.
The stock was down 24% at 83.45p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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