(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
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Greencore Group PLC - Chief Executive Officer Patrick Coveney on Friday last week pledges 1.2 million Greencore shares, worth GBP1.5 million, as collateral against a personal loan. Chief Financial Officer Emma Hynes buys 15,000 shares at GBP1.26, worth GBP18,863, also on Friday. On Tuesday last week, Greencore said profit surged in the first half of its current financial year but demand dropped dramatically over the past six weeks due to Covid-19. The convenience food maker reported pretax profit of GBP27.3 million for the 26 weeks ending March 27 compared to just GBP5.7 million reported for the same period a year ago. Revenue grew by 1.6% to GBP712.7 million from GBP701.4 million year-on-year. Despite that, Greencore said it will not be paying an interim dividend, having distributed 2.45 pence a share a year ago. Greencore's revenue is now 60% of prior year levels on a proforma basis, it said. "We have implemented a broad range of actions to mitigate the impact of Covid-19 on our business and to position us for growth as the pandemic eases," said Coveney.
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Gem Diamonds Ltd - Non-Executive Director Mike Brown buys 67,124 shares at average GBP0.31, worth GBP20,976, on Friday last week. The purchase is his only holding.
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finnCap Group PLC - CFO Richard Snow buys 233,333 shares at 15p, worth GBP35,000, on Tuesday. They are his only shares.
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Spectra Systems Corp - Non-Executive Director Martin Jaskel sells 33,869 shares at 133.51p, worth GBP45,219, on Friday.
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By Tom Waite; thomaslwaite@alliancenews.com
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Gem Diamonds Di (GEMD)
Spectra (unres) (SPSY)
Greencore (GNC)