LONDON (ShareCast) - Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares on the same day the firm admitted headline growth in the first quarter had been held back by currency translation with the devaluation of the euro.

The deal was announced after trading hours on Thursday.

Steeves, who founded the business in 1991, gave a show of support for the company with the purchase of 18,627 shares at 908p each, leaving him with a total of just over 1.8m shares, equal to 3.15% of the issued share capital.

During the firm's first quarter, reported revenue increased by 3.5% to £79.3m compared to the same period last year (2011: £76.6m), whilst adjusted operating margins improved by 220 basis points to 16.7% (2011: 14.4%).


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