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Director dealings: Saga chairman raises stake

(Sharecast News) - Saga revealed on Monday that chairman Roger De Haan had acquired 1.2m ordinary shares in the London-listed lifestyle business. De Haan, who took over in 1984 after his father's retirement, purchased the shares on Friday at an average price of 274p each, for a total value of £3.28m.

Following the transaction, De Haan's total Saga stake represents 27.53% of the company's issued share capital.

As of 1535 BST, Saga shares were up 0.79% at 267.61p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Saga (SAGA) Director name: Haan,Roger De Amount purchased: 1,200,000 @ 274.00p Value: £3,288,000.01

Frontier Developments (FDEV) Director name: Braben ,David John Amount purchased: 33,705 @ 427.66p Value: £144,142.80

Getbusy (GETB) Director name: Rabie,Daniel Adam Amount purchased: 200,000 @ 70.00p Value: £140,000.00

Barratt Redrow (BTRW) Director name: Scott,Mike Amount purchased: 13,275 @ 376.86p Value: £50,028.16

Getbusy (GETB) Director name: Rabie,Daniel Adam Amount purchased: 66,659 @ 75.00p Value: £49,994.25

Tandem Group (TND) Director name: Bragg,Simon Amount purchased: 7,500 @ 187.50p Value: £14,062.50

Nexus Infrastructure (NEXS) Director name: Sweeney,Charles Amount purchased: 3,927 @ 127.20p Value: £4,995.14

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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.