LONDON (ShareCast) - Pallet manufacturer RM2 International, which floated on the stock market at the start of the year, has announced that its boss John Walsh has bought one million shares in the company.

Former banker Walsh, who has been RM2's Chief Executive since its inception, purchased the shares at a price of 61.625p, just a month after the shares hit a new low of 50p.

Ahead of Walsh's transaction on Thursday, the stock had fallen by over a third since its debut in January, The price had reached a high of 112p shortly after listing.

Walsh's £0.62m spend lifted his stake in RM2 to over 21.05m shares, equal to a 6.6% holding.

Last month, the firm reported an annual loss before tax of $77.2m for 2013, compared with $21.3m the year before, mainly as a result of higher admin expenses and finance costs.



Top Director Buys

RM2 International S.A. (DI) (RM2)
Director name: Mr John Walsh
Amount purchased: 1,000,000 @ 61.62p
Value: £616,200

Character Group (CCT)
Director name: Mr Jonathan James Diver
Amount purchased: 150,000 @ 230.83p
Value: £346,245

Sinclair Is Pharma (SPH)
Director name: Mr Robert Stuart Swanson
Amount purchased: 1,000,000 @ 30.66p
Value: £306,500

Metal Tiger (MTR)
Director name: Mr Paul Johnson
Amount purchased: 3,500,000 @ 5.00p
Value: £175,000

Sinclair Is Pharma (SPH)
Director name: Mr Jean-Charles Tschudin
Amount purchased: 500,000 @ 30.75p
Value: £153,750

El Oro Ltd (ELX)
Director name: Mr C. Robin W. Parish
Amount purchased: 202,995 @ 70.00p
Value: £142,096

Metal Tiger (MTR)
Director name: Mr Alex Borrelli
Amount purchased: 2,500,000 @ 5.00p
Value: £125,000

Metal Tiger (MTR)
Director name: Mr Alex Borrelli
Amount purchased: 2,400,000 @ 5.00p
Value: £120,000

Metal Tiger (MTR)
Director name: Mr Nicholas Lee
Amount purchased: 2,000,000 @ 5.00p
Value: £100,000

Elektron Technology (EKT)
Director name: Mr Keith Anthony Daley
Amount purchased: 1,640,000 @ 5.00p
Value: £82,000


Top Director Sells

Character Group (CCT)
Director name: Mr Jonathan James Diver
Amount sold: 150,000 @ 200.00p
Value: £300,000

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