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Director dealings: Telecom Plus chairman raises stake

(Sharecast News) - Telecom Plus revealed on Tuesday that chairman Charles Wigoder had acquired 200,000 ordinary shares in the FTSE 250-listed utilities supplier. Wigoder, who joined the company in 1998, purchased the shares on Monday at an average price of £17.70 each, for a total value of £3.54m.

Following the transaction, Wigoder holds a beneficial interest in 8.63m ordinary Telecom Plus shares, representing approximately 10.87% of the total voting rights in the company.

As of 1600 GMT, Telecom Plus shares were up 2.02% at 1,820.01p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Telecom Plus (TEP) Director name: Wigoder,Charles Amount purchased: 200,000 @ 1,770.00p Value: £3,540,000.15

Team Internet Group (TIG) Director name: Royde ,Max Amount purchased: 100,000 @ 78.37p Value: £78,370.00

Atalaya Mining (ATYM) Director name: Lopez,Jesus Fernandez Amount purchased: 13,912 @ 350.00p Value: £48,692.00

Team Internet Group (TIG) Director name: Royde ,Max Amount purchased: 47,900 @ 79.90p Value: £38,272.10

Facilities By Adf (ADF) Director name: Proctor,Marsden Amount purchased: 79,947 @ 31.60p Value: £25,263.25

Team Internet Group (TIG) Director name: Royde ,Max Amount purchased: 20,000 @ 78.73p Value: £15,746.00

Tr Property Inv Trust (TRY) Director name: Bolsover,Kate Amount purchased: 4,683 @ 318.40p Value: £14,910.67

Octopus Apollo Vct (OAP3) Director name: Steele ,Murray Amount purchased: 20,436 @ 52.60p Value: £10,749.34

Victrex Plc (VCT) Director name: Connolly,Brendan Amount purchased: 980 @ 1,019.00p Value: £9,986.20

Top Director Sells

Mitchells & Butlers (MAB) Director name: Urban,Phil Amount sold: 106,910 @ 246.20p Value: £263,208.15

Wpp (WPP) Director name: Wilson,Joanne Amount sold: 8,794 @ 860.43p Value: £75,666.48

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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.