2nd Oct 2015 08:05
LONDON (Alliance News) - Power and data cabling company Volex PLC on Friday said its chief financial officer acquired shares in the company on Thursday.
Volex said Daren Morris bought 10,000 shares for 66.5 pence per share, raising his total shareholding to 210,000 shares, or around 0.23% of the company.
On Tuesday, Volex said its underlying profit in the first half to the end of September will be flat year-on-year and said Chief Executive Officer Christoph Eisenhardt plans to step down for personal reasons.
The company said it has seen lower-than-expected demand from customers in the personal computer and tablet markets, and therefore expects sales below the level it achieved in the first half of last year, though it does expect product launches in the second half to boost sales.
Shares in Volex were up 1.7% to 66.10p on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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