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Director dealings: New Volex chairman raises stake

(Sharecast News) - Volex revealed on Monday that chairman Dave Webster had acquired 39,321 ordinary shares in the AIM-listed power products manufacturer. Webster, who took over as chairman in November, purchased the shares at an average price of 407.16p each, for a total value of £160,099.38.

Following the transaction, Webster holds a beneficial interest in 152,417 ordinary Volex shares, representing approximately 0.08% of the company's issued share capital.

As of 1540 GMT, Volex shares were down 1.12% at 399p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

First Tin (1SN) Director name: Smith,Brett Amount purchased: 27,142,856 @ 7.00p Value: £1,899,999.93

First Tin (1SN) Director name: Brookes,Charles Cannon Amount purchased: 4,289,286 @ 7.00p Value: £300,250.02

Volex (VLX) Director name: Webster,Dave Amount purchased: 39,321 @ 407.16p Value: £160,099.38

The Magnum Ice Cream Company N.v. (di) (MICC) Director name: Boxmeer,Jean-François Van Amount purchased: 7,800 @ 13.53 Value: 95,086.22

Hunting (HTG) Director name: Brightman,Stuart Amount purchased: 20,000 @ 387.66p Value: £77,532.00

Future (FUTR) Director name: Ying,Kevin Li Amount purchased: 9,029 @ 550.86p Value: £49,737.15

Future (FUTR) Director name: Brooker,Mark Amount purchased: 7,201 @ 552.63p Value: £39,794.89

First Tin (1SN) Director name: Scotting,Bill Amount purchased: 428,571 @ 7.00p Value: £29,999.97

Future (FUTR) Director name: Suleman,Sharjeel Amount purchased: 4,557 @ 545.85p Value: £24,874.38

Future (FUTR) Director name: Suleman,Sharjeel Amount purchased: 4,557 @ 545.85p Value: £24,874.38

Lindsell Train Investment Trust (LTI) Director name: Lindsell,Michael Amount purchased: 3,500 @ 682.00p Value: £23,870.00

Future (FUTR) Director name: Amdur,Meredith Amount purchased: 1,185 @ 549.00p Value: £6,505.65

Top Director Sells

Mitchells & Butlers (MAB) Director name: Urban,Phil Amount sold: 57,217 @ 256.39p Value: £146,700.49

Mitchells & Butlers (MAB) Director name: Jones,Timothy (Tim) Charles Amount sold: 47,849 @ 256.39p Value: £122,681.58

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.