7th Nov 2014 15:22
LONDON (Alliance News) - Stock Spirits Group PLC Friday said its three most senior executives have increased their interests in the FTSE 250-listed spirits business, in what will be a welcome sign to investors after its profit warning earlier this week.
Stock Spirits revealed that its chairman, chief executive and chief financial officer all made share purchases following its profit warning on Wednesday, when it revealed that third-quarter revenue growth had fallen short of expectations, meaning its full-year results could miss expectations as a result.
In a statement, Stock Spirits, whose main markets are Poland, Czech Republic and Italy, said that Non-Executive Chairman Jack Keenan has acquired 100,000 shares in the company at GBP2.245 per share.
Chief Executive Christopher Heath acquired 50,000 shares at GBP2.252 per share, while his son, Ben, acquired 425 shares at GBP2.316 per share.
In addition, Chief Financial Officer Lesley Jackson's partner, Mark, acquired 20,000 shares at GBP2.252 per share.
General Legal Counsel Elisa Gomez de Bonilla acquired 17,000 shares at GBP2.25 per share.
All of the share purchases took place on Thursday.
Stock Spirits shares were up 8.3% at 243.70 pence on Friday, but remain some way off the 300p mark they had exceeded before Wednesday's profit warning.
By Samuel Agini; [email protected]; @samuelagini
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