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(Sharecast News) - Spirax-Sarco Engineering revealed on Monday that chief financial officer Nimesh Patel had acquired 1,122 ordinary shares in the FTSE 100-listed steam management systems manufacturer.
Patel, who joined the group in 2020, purchased the shares on Friday at an average price of 8,911.36p each, for a total value of £99,985.46.
Chairman Jamie Pike and chief executive Nicholas Anderson also made substantial share purchases on Friday, with Anderson purchasing an additional 1,122 and Pike buying up 1,115.
Earlier in November, Spirax-Sarco lowered its full-year sales guidance but said a return to growth was expected to take place in 2024. Spirax-Sarco said it anticipates full-year 2023 sales to be 1-2% lower compared to 2022 pro-forma sales of £1.73bn, while adjusted operating profit margins would be "slightly improved" on the 20.2% delivered in the first half.
As of 1545 GMT, Spirax-Sarco shares were up 2.71% at 9,182.0p.
Reporting by Iain Gilbert at Sharecast.com
Top Director Buys
Spirax-sarco Engineering (SPX)
Director name: Patel,Nimesh
Amount purchased: 1,122 @ 8,911.36p
Value: �99,985.46
Spirax-sarco Engineering (SPX)
Director name: Anderson,Nicholas John
Amount purchased: 1,122 @ 8,911.36p
Value: �99,985.46
Spirax-sarco Engineering (SPX)
Director name: Pike,Jamie
Amount purchased: 1,115 @ 8,951.91p
Value: �99,813.79
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Naylor,Robert (Rob) Graham
Amount purchased: 100,000 @ 73.29p
Value: �73,294.00
Big Technologies (BIG)
Director name: Morris,Daren John
Amount purchased: 29,666 @ 177.00p
Value: �52,508.82
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Coleman ,Sylvia
Amount purchased: 50,000 @ 73.65p
Value: �36,825.00
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Holden,Simon
Amount purchased: 50,000 @ 73.56p
Value: �36,778.00
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Keeling,Francis
Amount purchased: 50,000 @ 73.50p
Value: �36,748.50
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Keeling,Francis
Amount purchased: 50,000 @ 73.50p
Value: �36,748.50
Hipgnosis Songs Fund Limited Npv (SONG)
Director name: Rampersaud,Cindy
Amount purchased: 27,000 @ 73.43p
Value: �19,825.02
Norman Broadbent (NBB)
Director name: Malik,Mehr
Amount purchased: 158,350 @ 6.30p
Value: �9,976.05
Centaur Media (CAU)
Director name: Mukerji,Swagatam
Amount purchased: 576 @ 39.20p
Value: �225.79
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