2nd Nov 2015 12:24
LONDON (Alliance News) - Aerospace and defence components engineer Meggitt PLC on Monday said two of its directors bought shares in the company.
The wife of Chris Allen, group director of engineering and strategy, bought 15,451 shares at 354.11 pence on Monday. Allen's beneficial holding following the transaction is 0.02% of Meggitt's issued share capital.
Guy Berruyer, a non-executive director, bought 10,000 shares at 355.43p on Monday. He now holds a 0.0017% stake in the company.
On Wednesday last week, Meggitt shares fell 23% after the company said a deterioration in market conditions in the third quarter and little optimism for any reprieve before the year end meant its 2015 results would materially miss market expectations.
Shares in Meggitt were down 0.1% to 353.30p on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MGGT.L