Kromer's CFO buys shares after announcing plans for placing

(ShareCast News) - Kromek's chief financial officer bought shares in the company in the same day it plunged over 15% after it unveiled plans to raise £11m via a discounted placing.Derek Bulmer purchased 40,000 shares for 30p each, spending a total of £12,000 in the transaction.Bulmer, who is also a qualified chartered accountant and barrister, holds 0.04% of the company's issued share capital.The company's full-year profits before tax declined 27.9% to £3.1m and said it intends to raise £11m via the placing of 36m at 25p per share as well as an additional 8m shares in an open offer at the same price.Top Director BuysKromek Group (KMK) Director name: Mr Derek BulmerAmount purchased: 40,000 @ 30.00p Value: £12,000Top Director Sell3i Group (III) Director name: Mrs Julia WilsonAmount sold: 108,665 @ 546.01p Value: £593,322Premier African Minerals Ltd (PREM) Director name: Mr John Ian StalkerAmount sold: 1,000,000 @ 2.10p Value: £21,000