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Coms Chief builds stake after 'significant' contract win

Date: Wednesday 27 Nov 2013

Coms Chief builds stake after 'significant' contract win

David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a “significant” contract win.

Breith bought the shares at 4.48p each for a total of £68,544.

The telecommunications and information technology specialist has secured a contract to supply a provider with up to 50,000 mobile SIM cards through Coms’s newly built mobile network.

The SIM cards are expected to be rolled out over 24 months with the first order for 10,000 cards already received and due to be delivered in early 2014.

The contract will generate an estimated revenue of about £20 per user per month. Coms will also supply the customer with VoIP telephony, lines and broadband and other data connectivity.


Top Director Buys

Utilitywise (UTW)
Director name: Mr Jeremy Middleton
Amount purchased: 119,050 @ 212.00p
Value: £252,386

Coms (COMS)
Director name: Mr David Breith
Amount purchased: 1,530,000 @ 4.48p
Value: £68,544

Severfield-Rowen (SFR)
Director name: Mr John Dodds
Amount purchased: 77,500 @ 63.00p
Value: £48,825

Assura Group Ltd. (AGR)
Director name: Mr Jonathan Murphy
Amount purchased: 100,000 @ 39.04p
Value: £39,040

Record (REC)
Director name: Mr James Wood-Collins
Amount purchased: 117,478 @ 31.66p
Value: £37,194

Record (REC)
Director name: Dr Cornelis A C M (Cees) Schrauwers
Amount purchased: 100,000 @ 32.00p
Value: £32,000

Record (REC)
Director name: Mr Bob Noyen
Amount purchased: 83,959 @ 31.66p
Value: £26,581

Severfield-Rowen (SFR)
Director name: Mr Ian Lawson
Amount purchased: 40,309 @ 62.00p
Value: £24,992

Record (REC)
Director name: Mrs Leslie Hill
Amount purchased: 76,039 @ 31.66p
Value: £24,074

Severfield-Rowen (SFR)
Director name: Mr Ian Lawson
Amount purchased: 38,940 @ 61.00p
Value: £23,753


Top Director Sells

Burberry Group (BRBY)
Director name: Ms Angela Ahrendts
Amount sold: 236,193 @ 1,499.19p
Value: £3,540,982

Burberry Group (BRBY)
Director name: Ms Angela Ahrendts
Amount sold: 52,981 @ 1,499.19p
Value: £794,286

SVG Capital (SVI)
Director name: Mr Lynn Fordham
Amount sold: 150,000 @ 407.20p
Value: £610,800

NR

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