LONDON (ShareCast) - Tony Foye, the new Executive Director of Wilmington Group, a financial and legal training provider, has bought up 385,000 ordinary shares, significantly boosting his share in the company to 435,000 shares.

Foye joined the firm at the beginning of last month and is to become the Chief Financial Officer (CFO) of the company in November, replacing Basil Brookes, who is set to retire from the group at the end of the year.

Foye purchased the shares at 130p each for a total of £500,500.

The company last month reported increased profits as it successfully chased higher margin work over the 12 months to the end of June.

Adjusted profits before tax for the full year were £14m, a rise of 4.6% on the prior year, with earnings before interest, tax and amortisation (EBITA) up 10.2% to £16.5m.

The firm's share price has risen 49.5%, equal to 45p, in the past year, with the majority of the rise occurring since mid-July, when the company revealed its earnings had been boosted by cost reductions that were implemented last year.


Top Director Buys

Wilmington Group (WIL)
Director name: Mr Tony Foye
Amount purchased: 385,000 @ 130.00p
Value: £500,500

Richoux Group (RIC)
Director name: The Hon Robert Rayne
Amount purchased: 5,781,250 @ 8.00p
Value: £462,500

Richoux Group (RIC)
Director name: Mr Salvatore Diliberto
Amount purchased: 5,781,250 @ 8.00p
Value: £462,500

PureCircle Ltd. (DI) (PURE)
Director name: Mr Tan Boon Seng
Amount purchased: 100,000 @ 218.00p
Value: £218,000

PureCircle Ltd. (DI) (PURE)
Director name: Mr Tan Boon Seng
Amount purchased: 100,000 @ 218.00p
Value: £218,000

PureCircle Ltd. (DI) (PURE)
Director name: Mr Tan Boon Seng
Amount purchased: 75,000 @ 219.00p
Value: £164,250

Richoux Group (RIC)
Director name: Mr Edward Standring
Amount purchased: 1,875,000 @ 8.00p
Value: £150,000

Alkane Energy (ALK)
Director name: Mr Roger McDowell
Amount purchased: 250,000 @ 21.50p
Value: £53,750

Avanti Communications Group (AVN)
Director name: Mr Paul S Walsh
Amount purchased: 10,000 @ 282.75p
Value: £28,275

Advance Developing Markets Fund Ltd. (ADMF)
Director name: Mr William Nicholas Collins
Amount purchased: 6,000 @ 421.25p
Value: £25,275


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