LONDON (Alliance News) - Logistics firm Clipper Logistics PLC said on Tuesday that both its chief executive officer and chief financial officer purchased shares in the company on Monday.
CEO Anthony Mannix purchased 80,000 shares at 318.4127 pence each, and now holds a total of 946,786 shares in Clipper Logistics, equivalent to 0.9% of its issued share capital.
CFO David Hodkin purchased 240,000 shares, also at 318.4127p each, and now holds a total of 1.1 million shares in the company, equivalent to 1.1% of its issued share capital.
These purchases came as the company reported a rise in annual profit and revenue on Monday.
For the 12 months to April, Clipper posted revenue of GBP340.1 million, 18% higher year-on-year. Pretax profit was GBP18.0 million, higher than the GBP16.1 million a year prior.
The company did, however, note "weaker economic conditions" in the retail sector, though added that it expects another year of "positive momentum".
Shares in Clipper Logistics closed up 5.0% at 332.981 pence each on Tuesday afternoon. On Monday, the stock ended 22% lower.