LONDON (Alliance News) - Electrocomponents PLC said Tuesday that Chief Executive Officer Lindsley Ruth bought shares worth GBP56,056 in the company.
Ruth acquired 10,000 shares at 560.56 pence each on Tuesday. The CEO's total stake in the FTSE 250-listed company following the deal was not disclosed.
Electrocomponents shares were trading down 7.2% at 567.60p each.
Earlier in the day, the engineering firm boosted its interim dividend after profit and revenue grew strongly, with the second half of the year also experiencing a "good start" despite a slow down.
For the six months ended September, pretax profit widened 23% to GBP93.0 million from GBP75.7 million the year prior. This was after revenue rose 11% to GBP911.8 million from GBP823.8 million the year before, on a like-for-like basis it grew 9.8%.
