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Director dealings: Supreme CEO snaps up shares

(Sharecast News) - Supreme revealed on Tuesday that chief executive officer Sandeep Chadha had acquired 500,000 prdonary shares in the AIM-listed consumer goods firm. Chadha, who has been involved in the management of the company since 1988, purchased the shares on Monday at an average price of 131.81p each, for a total value of £659,054.99.

Following the transaction, Chadha holds a beneficial interest in 64.16m ordinary Supreme shares, representing approximately 54.69% of the company's issued share capital.

As of 1530 BST, Supreme shares were up 2.58% at 134.89p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Supreme (SUP) Director name: Chadha,Sandeep Amount purchased: 500,000 @ 131.81p Value: £659,054.99

Guardian Metal Resources (GMET) Director name: Schlumpberger,Michael Xavier Amount purchased: 5,500 @ $10.01 Value: $45,398.70

Guardian Metal Resources (GMET) Director name: Friesen,Oliver Amount purchased: 20,000 @ 148.00p Value: £29,600.00

Guardian Metal Resources (GMET) Director name: Starzecki ,J.T Amount purchased: 2,500 @ $9.54 Value: $19,666.86

Smith & Nephew (SN.) Director name: Nath,Deepak Amount purchased: 434 @ $24.48 Value: $8,761.36

Top Director Sells

Pennon Group (PNN) Director name: Flowerdew,Laura Amount sold: 1,119 @ 493.00p Value: £5,516.67

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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.