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(Sharecast News) - Videndum's brand new chief executive has purchased his first significant stake in the content creation products group, just a week after stepping into the job.
In a regulatory filing on Tuesday, the company reported that Jan Peter Tewes purchased 37,500 shares at 224.1032p each for a total of £84,038.70.
Tewes now holds 37,625 shares, including 125 shares that were held prior to his appointment as CEO on 17 August.
The exec, who joined Videndum from Villeroy and Boch, was the former CEO of private equity-owned Ideal Standard, and is said to have "considerable experience in brand and distribution channel management", the company said in a statement July.
Tewes' transaction follows a crash in Videndum's stock as of late - the share price was trading around the 2,500-2,600p level in early January and the 11,000p mark this time last year - as a result of a string of profit warnings, supply chain disruptions and tough market conditions.
Top Director Buys
Videndum (VID)
Director name: Tewes,Jan Peter
Amount purchased: 37,500 @ 224.10p
Value: £84,038.70
Golden Prospect Precious Metals Ltd. (GPM)
Director name: Waldron,Christopher
Amount purchased: 30,000 @ 117.75p
Value: £35,325.00
Cranswick (CWK)
Director name: Aldersley,Christopher
Amount purchased: 3 @ 535,000.00p
Value: £16,050.00
Crimson Tide (TIDE)
Director name: Joyce,James Richard
Amount purchased: 11,345 @ 87.45p
Value: £9,921.20
Pz Cussons (PZC)
Director name: Tyler,David A
Amount purchased: 2,602 @ 104.60p
Value: £2,721.69
Pz Cussons (PZC)
Director name: Ahuja ,Vivek
Amount purchased: 2,508 @ 104.60p
Value: £2,623.37
Pz Cussons (PZC)
Director name: Bashforth ,Kirsty
Amount purchased: 2,508 @ 104.60p
Value: £2,623.37
Pz Cussons (PZC)
Director name: Sodha,Jitesh Himatlal
Amount purchased: 2,508 @ 104.60p
Value: £2,623.37
Pz Cussons (PZC)
Director name: Juarez,Valeria
Amount purchased: 2,508 @ 104.60p
Value: £2,623.37
Centrica (CNA)
Director name: Mastiaux ,Frank
Amount purchased: 1,448 @ 155.19p
Value: £2,247.15
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Bhp Group Limited Npv (di) (BHP)
Director name: Craig ,Brandon
Amount sold: 14,235 @ $65.18
Value: $491,101.10
