Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.
(Sharecast News) - Flavour and fragrance ingredients maker Treatt disclosed two director share purchases on Monday, as its shares tumbled following a profit warning.
The company said chairman Tim Jones bought a total of 8,944 shares across two transactions, taking his total interest to 67,032 shares, or 0.1% of its total voting rights.
In the first transaction he bought 5,328 shares for 560p each, spending a total of £29,836.80, while in the second he paid 559p apiece for 3,616 shares, for a total of £19,888.00.
Chief executive officer Daemmon Reeve, meanwhile, paid 559p per share for his single purchase of 3,556 shares, valuing the transaction at £19,878.04.
Following the purchase, Treatt said Reeve was interested in 544,056 shares, or 0.89% of its total voting rights.
On Monday morning, Treatt said that while it was still expecting to report strong revenue growth for the full-year and retained an "excellent" order book, it had been affected by a number of factors that would impact its full-year profitability.
It warned shareholders that it now expected profit before tax and exceptional items to be between £15m and £15.3m.
At 1306 BST, shares in Treatt were down 31.39% at 550.94p.
Reporting by Josh White at Sharecast.com.
Top Director Buys
Globaldata (DATA)
Director name: Harkness,Peter
Amount purchased: 20,000 @ 1,264.00p
Value: £252,800.01
Treatt (TET)
Director name: Jones ,Tim
Amount purchased: 5,328 @ 560.00p
Value: £29,836.80
Treatt (TET)
Director name: Jones ,Tim
Amount purchased: 3,616 @ 550.00p
Value: £19,888.00
Treatt (TET)
Director name: Reeve,Daemmon
Amount purchased: 3,556 @ 559.00p
Value: £19,878.04
Regional Reit Limited (RGL)
Director name: McGrath ,Kevin
Amount purchased: 26,750 @ 74.30p
Value: £19,875.25
Staffline Group (STAF)
Director name: Spain,Thomas
Amount purchased: 20,000 @ 39.20p
Value: £7,840.00
Genflow Biosciences (GENF)
Director name: Leire,Eric
Amount purchased: 106,000 @ 2.80p
Value: £2,968.00
United Utilities Group (UU.)
Director name: Mogford,Steven L
Amount purchased: 16 @ 1,120.70p
Value: £179.31
United Utilities Group (UU.)
Director name: Beardmore,Louise
Amount purchased: 16 @ 1,120.70p
Value: £179.31
United Utilities Group (UU.)
Director name: Aspin,Phil
Amount purchased: 16 @ 1,120.70p
Value: £179.31
Xp Factory (XPF)
Director name: Bird,Graham
Amount purchased: 1,066 @ 14.90p
Value: £158.83
Xp Factory (XPF)
Director name: Harpham,Richard
Amount purchased: 1,066 @ 14.90p
Value: £158.83
Calnex Solutions (CLX)
Director name: Greenan,Ashleigh Joanne
Amount purchased: 94 @ 159.65p
Value: £150.07
Calnex Solutions (CLX)
Director name: Cook,Thomas (Tommy)
Amount purchased: 94 @ 159.65p
Value: £150.07
Aj Bell (AJB)
Director name: Stott,Roger
Amount purchased: 46 @ 326.00p
Value: £149.96
Top Director Sells
Pendragon (PDG)
Director name: Berman,William
Amount sold: 1,363,228 @ 24.10p
Value: £328,537.94
Globaldata (DATA)
Director name: Lilley,Graham
Amount sold: 20,000 @ 1,265.00p
Value: £252,999.99
Pendragon (PDG)
Director name: Willis,Mark Simon
Amount sold: 749,775 @ 24.10p
Value: £180,695.77
