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(Sharecast News) - Flavour and fragrance ingredients maker Treatt disclosed two director share purchases on Monday, as its shares tumbled following a profit warning.
The company said chairman Tim Jones bought a total of 8,944 shares across two transactions, taking his total interest to 67,032 shares, or 0.1% of its total voting rights.
In the first transaction he bought 5,328 shares for 560p each, spending a total of £29,836.80, while in the second he paid 559p apiece for 3,616 shares, for a total of £19,888.00.
Chief executive officer Daemmon Reeve, meanwhile, paid 559p per share for his single purchase of 3,556 shares, valuing the transaction at £19,878.04.
Following the purchase, Treatt said Reeve was interested in 544,056 shares, or 0.89% of its total voting rights.
On Monday morning, Treatt said that while it was still expecting to report strong revenue growth for the full-year and retained an "excellent" order book, it had been affected by a number of factors that would impact its full-year profitability.
It warned shareholders that it now expected profit before tax and exceptional items to be between £15m and £15.3m.
At 1306 BST, shares in Treatt were down 31.39% at 550.94p.
Reporting by Josh White at Sharecast.com.
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Globaldata (DATA)
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Treatt (TET)
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Treatt (TET)
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