Director dealings: Devro's HR director makes share sale
By Iain Gilbert
Date: Thursday 11 Apr 2019
(Sharecast News) - Devro's human resources director Sarah Voaden offloaded 7,261 ordinary shares in the sausage casings manufacturer on Thursday.
Voaden, who joined Devro back in 2014, sold the shares at an average price of 184p each, for a total value of £13,360.24.
The London-listed group's HR boss had exercised nil-priced options over the 7,261 shares as part of Devro's 2009 deferred share bonus plan on Tuesday.
Analysts at Peel Hunt reiterated their 'buy' rating on Devro's stocks last month after the firm held a "well-attended" capital markets day that reassured investors on its "cautious and sensible" strategy.
"The CMD was light on detail but reiterated that market growth should be 2-4% pa (albeit top end is driven by China where Devro is weaker). Cost savings of £16m (£4-5m in current year) as previously guided. Move to global supply chain is delivering both savings and greater capacity."
As of 1630 BST, Devro shares had inched ahead 0.33% to 182.60p.
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