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31 Jul, 2020 17:21 31 Jul, 2020 17:21

Director dealings: Drax CEO ups stake

London Stock Exchange, markets, traders, trading, City, shares

Drax Group revealed on Friday that chief executive Will Gardiner had acquired 54,772 ordinary shares in the FTSE 250-listed electricity generator.

Gardiner, who joined Drax as CFO in 2015, purchased the shares on Thursday at an average price of 272.50p each, for a total value of £149,253.69.

On Wednesday, Drax reported a 30% improvement in group adjusted underlying earnings to £179m in its first half.

Drax said that Included an estimated £44m impact from the Covid-19 pandemic, primarily in its Customers SME operations.

Adjusted basic earnings per share came in at 10.8p, up from 2.0p year-on-year.

As of 1650 BST, Drax shares were up 3.31% at 281.20p.

Top Director Buys

Lloyds Banking Group (LLOY)
Director name: Lupton,James
Amount purchased: 1,000,000 @ 26.20p
Value: £261,999.99

Drax Group (DRX)
Director name: Gardiner,Will
Amount purchased: 54,772 @ 272.50p
Value: £149,253.69

Smith & Nephew (SN.)
Director name: White,Bob
Amount purchased: 2,800 @ $20.21
Value: $46,662.82

Power Metal Resources (POW)
Director name: Bell,Andrew
Amount purchased: 4,200,000 @ 0.91p
Value: £38,052.00

Smith & Nephew (SN.)
Director name: White,Bob
Amount purchased: 2,200 @ $20.22
Value: $36,672.71

Vivo Energy (VVO)
Director name: Daly,John
Amount purchased: 50,000 @ 70.56p
Value: £35,277.85

Vivo Energy (VVO)
Director name: Rogers ,Christopher
Amount purchased: 35,500 @ 69.83p
Value: £24,788.09

Smith & Nephew (SN.)
Director name: White,Bob
Amount purchased: 1,000 @ $20.21
Value: $16,665.17

Sigmaroc (SRC)
Director name: Barrett ,David
Amount purchased: 40,000 @ 41.13p
Value: £16,452.00

Sigmaroc (SRC)
Director name: Vermoken ,Max
Amount purchased: 25,644 @ 41.15p
Value: £10,552.51

Enteq Upstream (NTQ)
Director name: Steel,David
Amount purchased: 75,000 @ 12.00p
Value: £9,000.00

Volta Finance Limited (VTA)
Director name: Meader,Paul
Amount purchased: 1,533 @ 4.65
Value: 7,128.45

Volta Finance Limited (VTA)
Director name: Page,Stephen Le
Amount purchased: 1,348 @ 465.00p
Value: £6,957.70

Volta Finance Limited (VTA)
Director name: Varotsis,Paul
Amount purchased: 1,201 @ 4.65
Value: 5,584.65

Volta Finance Limited (VTA)
Director name: Harrison,Graham
Amount purchased: 1,201 @ 4.65
Value: 5,584.65

Top Director Sells

Cranswick (CWK)
Director name: Davey,Martin T P
Amount sold: 7,164 @ 357,280.00p
Value: £25,595,539.55

Power Metal Resources (POW)
Director name: Bell,Andrew
Amount sold: 3,900,000 @ 0.88p
Value: £34,281.00

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Important Legal Notice about News Sources

 

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.