Director dealings: New Kingswood executive acquires 1.05m shares

(Sharecast News) - Kingswood holding chief operating officer Graydon Butler acquired 1.05m ordinary shares in the AIM-listed wealth planning and investment management company.Graydon, who took over the COO role at the end of February, purchased the shares at an average price of 5.75p each, for a total value of £60,375.Kingswood reported a narrowed annual loss earlier in April as reduced cost of sales and miscellaneous expenses offset a drop in revenue.The group recorded a loss before tax of £3.8m for 2018, a 38% reduction on the year beforehand, as cost of sales dropped by 23% to £0.8m and 'other losses' were reduced from £3.4m to £100,000.As of 1630 BST, Kingswood shares dropped 9.23% to 7.37p. Top Director BuysKingswood Holdings Limited (KWG)Director name: Mr Graydon ButlerAmount purchased: 1,050,000 @ 5.75pValue: £60,375 Mereo Biopharma Group (MPH)Director name: Dr Peter J FellnerAmount purchased: 30,000 @ 128.00pValue: £38,400 Scottish American Inv Company (SCAM)Director name: Sir Nicholas Macpherson GCBAmount purchased: 5,000 @ 394.16pValue: £19,708 Scottish American Inv Company (SCAM)Director name: Sir Nicholas Macpherson GCBAmount purchased: 4,000 @ 394.13pValue: £15,765 Volex (VLX)Director name: Mr Daren MorrisAmount purchased: 16,937 @ 93.00pValue: £15,751 Top Director SellsVolex (VLX)Director name: Mr Daren MorrisAmount sold: 174,147 @ 92.64pValue: £161,330 Curtis Banks Group (CBP)Director name: Mr Louis Jules HydlemanAmount sold: 6,500 @ 304.00pValue: £19,760 Wetherspoon (J.D.) (JDW)Director name: Mr Nigel ConnorAmount sold: 881 @ 1,372.00pValue: £12,087 Curtis Banks Group (CBP)Director name: Mr Louis Jules HydlemanAmount sold: 3,230 @ 310.00pValue: £10,013