LONDON (ShareCast) - The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning.

Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the group after a review of the business resulted in a reduction to its profit expectations for the financial year ending December 31st.

He purchased the shares at 439.82p each, costing him a total of £750,034.

In a statement made on Monday, Lancaster said: "Despite the short term shortfalls in the business, I feel more confident in SDL's technology stack and service solutions than I have ever been. In 2013 we will make additional investments in sales and marketing to drive long-term growth. We expect this additional investment to be between £3.0m to £4.0m in 2013."

The group expects pre-tax profits before amortisation for the year to total between £36m and £37m on revenues of between £270m and £272m.

The news caused the share price to fall around 70p on Monday. The stock has lost 32%, equal to 205p, in the past 12 months.

Following the transaction, Lancaster's holding in the firm totals 668,946 shares, equal to 0.83% of the issued share capital.


Top Director Buys

SDL (SDL)
Director name: Mr Mark Lancaster
Amount purchased: 170,532 @ 439.82p
Value: £750,034

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 47,505 @ 98.89p
Value: £46,978

Cape (CIU)
Director name: Mr Joe Oatley
Amount purchased: 15,000 @ 185.00p
Value: £27,750

Leni Gas & Oil (LGO)
Director name: Mr David Anthony Lenigas
Amount purchased: 2,000,000 @ 1.37p
Value: £27,400

Camper & Nicholsons Marina Investments Ltd. (CNMI)
Director name: Mr Martin Bralsford
Amount purchased: 250,000 @ 10.00p
Value: £25,000

Global Energy Development (GED)
Director name: Mr Stephen C Voss
Amount purchased: 25,000 @ 100.00p
Value: £25,000

Howden Joinery Group (HWDN)
Director name: Mr Matthew Ingle
Amount purchased: 14,000 @ 164.80p
Value: £23,072

VinaLand Ltd (VNL)
Director name: Mr Charles Isaac
Amount purchased: 50,000 @ $0.43
Value: $21,500

Camper & Nicholsons Marina Investments Ltd. (CNMI)
Director name: Mr Martin Bralsford
Amount purchased: 200,000 @ 10.00p
Value: £20,000

Ricardo (RCDO)
Director name: Mr Ian Lee
Amount purchased: 3,000 @ 351.80p
Value: £10,554


Top Director Sells

Compass Group (CPG)
Director name: Mr Andrew Martin
Amount sold: 448,953 @ 719.14p
Value: £3,228,601

Compass Group (CPG)
Director name: Mr Gary Green
Amount sold: 256,856 @ 719.14p
Value: £1,847,154

Compass Group (CPG)
Director name: Mr Richard John Cousins
Amount sold: 181,663 @ 719.14p
Value: £1,306,411

Compass Group (CPG)
Director name: Mr Mark White
Amount sold: 68,513 @ 719.14p
Value: £492,704

Bunzl (BNZL)
Director name: Mr Brian May
Amount sold: 24,768 @ 1,062.00p
Value: £263,036

Maple Energy (MPLE)
Director name: Mr Tony L. Hines
Amount sold: 96,480 @ 69.00p
Value: £66,571

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