LONDON (ShareCast) - The executive chairman of AIM-listed Vislink has shown his faith in the group after it disappointed with mixed interim results.

John Hawkins purchased 95,157 shares at an average price of 47.29p, taking his interest in the group to 309,279.

Ian Davies, the group's finance director, also added shares, increasing his stake by half with the purchase of 50,000 shares at an average price of 45.35p each.

The results were counterbalanced to a large extent by the announcement that Nasdaq-listed video group Harmonic has become a strategic partner and provided a significant order that will be charged in the second half of the year.

Harmonic, which specialises in video delivery infrastructure for emerging television and video services, has placed a £2m initial order to secure product for sale in its integrated packages.

Harmonic has also subscribed for 4m newly issued shares in Vislink at 50p apiece, giving it a 3.26% stake in the company.

However, the first half of the year saw adjusted profit before tax down 15% to £1.7m, although ahead 3% in constant currency, reflecting a mixed performance as an uncertain broadcast market and delayed surveillance contracts hit the hardware division although its Pebble Beach software division performed ahead of expectations.

Hawkins spent a total of £44,500 on the purchase.


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British Sky Broadcasting Group (BSY)
Director name: Mr Jeremy Darroch
Amount purchased: 57,419 @ 881.00p
Value: £505,861

Sirius Minerals (SXX)
Director name: Mr Russell Scrimshaw
Amount purchased: 2,100,000 @ 11.75p
Value: £246,750

British Sky Broadcasting Group (BSY)
Director name: Mr Andrew Griffith
Amount purchased: 26,993 @ 881.00p
Value: £237,808

Symphony International Holdings Ltd. (SIHL)
Director name: Mr Anil Thadani
Amount purchased: 120,000 @ $0.78
Value: $93,300

Symphony International Holdings Ltd. (SIHL)
Director name: Mr Sunil Chandiramani
Amount purchased: 90,000 @ $0.78
Value: $69,975

Artilium (ARTA)
Director name: Mr Jan-Paul Willem Menke
Amount purchased: 909,091 @ 5.50p
Value: £50,000

Vislink (VLK)
Director name: Mr John E Hawkins
Amount purchased: 95,157 @ 47.29p
Value: £45,000

Vislink (VLK)
Director name: Mr Ian Davies
Amount purchased: 50,000 @ 45.35p
Value: £22,675

Artilium (ARTA)
Director name: Mr Bart Weijermars
Amount purchased: 363,633 @ 5.50p
Value: £20,000

Electrocomponents (ECM)
Director name: Mr John Pattullo
Amount purchased: 6,344 @ 244.07p
Value: £15,484


NR

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