LONDON (ShareCast) - Non-executive chairman in Severn Trent bought same shares showing confidence in the water company after it announced this week it would cut its dividend to shareholders in order to reduce household bills.
Andrew Duff spent £99,109 buying 4,684 shares for an individual price of 2,115.9p. After the transaction, the chairman holds a total of 8,184 shares in the group.
Severn Trent announced on Wednesday that it would cut its dividend for the next financial year to March 2016 by 5% to 80.66p.
Chief executive Liv Garfield said at the time of the decision: "At Severn Trent we always seek to strike the right balance between the service customers receive, the bills they pay, and returns to investors and we believe our plan for the next five years achieves that balance, delivering better services, better value and a healthier environment.
"The price review has been a challenging process but has led to a great outcome for customers."
Top Director Buys
Severn Trent (SVT)
Director name: Mr Andrew Duff
Amount purchased: 4,684 @ 2,115.90p
Value: £99,109
Proactis Holdings (PHD)
Director name: Mr Alan John Aubrey
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Rodney Potts
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Rodney D Jones
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Timothy J Sykes
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Bushveld Minerals Limited (BMN)
Director name: Mr Ian Clyde Watson
Amount purchased: 540,000 @ 2.45p
Value: £13,230
ReNeuron Group (RENE)
Director name: Mr Olav Hellebø
Amount purchased: 322,778 @ 3.10p
Value: £10,006
Top Director Sells
Fuller Smith & Turner (FSTA)
Director name: Mr Simon Emeny
Amount sold: 26,198 @ 972.00p
Value: £254,645
Proactis Holdings (PHD)
Director name: Mr Sean A McDonough
Amount sold: 100,000 @ 87.00p
Value: £87,000
Quadrise Fuels International (QFI)
Director name: Mr Jason Miles
Amount sold: 100,000 @ 18.00p
Value: £18,000
Top Director Buys
Severn Trent (SVT)
Director name: Mr Andrew Duff
Amount purchased: 4,684 @ 2,115.90p
Value: £99,109
Proactis Holdings (PHD)
Director name: Mr Alan John Aubrey
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Rodney Potts
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Rodney D Jones
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Proactis Holdings (PHD)
Director name: Mr Timothy J Sykes
Amount purchased: 25,000 @ 87.00p
Value: £21,750
Bushveld Minerals Limited (BMN)
Director name: Mr Ian Clyde Watson
Amount purchased: 540,000 @ 2.45p
Value: £13,230
ReNeuron Group (RENE)
Director name: Mr Olav Hellebø
Amount purchased: 322,778 @ 3.10p
Value: £10,006
Top Director Sells
Fuller Smith & Turner (FSTA)
Director name: Mr Simon Emeny
Amount sold: 26,198 @ 972.00p
Value: £254,645
Proactis Holdings (PHD)
Director name: Mr Sean A McDonough
Amount sold: 100,000 @ 87.00p
Value: £87,000
Quadrise Fuels International (QFI)
Director name: Mr Jason Miles
Amount sold: 100,000 @ 18.00p
Value: £18,000
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