LONDON (ShareCast) - Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group.

Murray's transaction was by far the largest, costing him a total of £300,000.

Finance Director John Christmas sold 36,091 shares at 149.00p a time, earning him £53,776.

Executive Director David Crump earned £44,813 after trading in 30,076 shares at the same price, while Graham Andrews, who holds the same position, pocketed £43,229 from the sale of 29,013 shares.

Three weeks ago the company posted strong annual results for the year ending September 30th, buoyed by significant Olympics-related turnover.

The group, which supplies services to the corporate presentation, entertainment and broadcast markets disclosed that operating profit was up 196% to £4.5m. Revenue was up 14% to £143.5m from £125.5m a year earlier.

The group’s trading profit was up 217% to £7.4m and trading earnings before interest tax depreciation and amortisation (EBITDA) jumped 34% to £27.1m.


Top Director Buys

Avesco Group (AVS)
Director name: Mr Richard Murray-Obodynski
Amount purchased: 200,000 @ 150.00p
Value: £300,000

Chemring Group (CHG)
Director name: Mr Peter Hickson
Amount purchased: 20,000 @ 281.80p
Value: £56,360

Port Erin Biopharma Investments Ltd (PEBI)
Director name: Mr James (Jim) Mellon
Amount purchased: 575,000 @ 6.26p
Value: £35,995

Renold (RNO)
Director name: Mr Robert Purcell
Amount purchased: 125,000 @ 25.50p
Value: £31,875


Top Director Sells

Morrison (Wm) Supermarkets (MRW)
Director name: Mr Richard Pennycook
Amount sold: 93,385 @ 256.80p
Value: £239,813

Avesco Group (AVS)
Director name: Mr John Christmas
Amount sold: 36,091 @ 149.00p
Value: £53,776

Avesco Group (AVS)
Director name: Mr David A Crump
Amount sold: 30,076 @ 149.00p
Value: £44,813

Avesco Group (AVS)
Director name: Mr Graham Andrews
Amount sold: 29,013 @ 149.00p
Value: £43,229

Chemring Group (CHG)
Director name: Ms Sarah Ellard
Amount sold: 9,567 @ 279.00p
Value: £26,692

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