Re: Directors in for more.18 Jul 2014 08:30
Three directors at Breedon Aggregates raised their holdings in the company on Thursday, the same day that it impressed the market with a better-than-expected set of interim results.
The board members used a recent dip in the stock to snap up the shares at a price of 39p each, after it hit an all-time high of 51p in May.
Non-Executive Director David Warr spent the biggest amount, buying 500,000 shares for £195,000. The deal upped his interest in the firm to 0.55%.
Meanwhile, Chairman Peter Tom, who has been in his position since Breedon's formation in 2010, bought 350,000 shares, spending £136,500 and lifting his stake to 4.75%.
Chief Executive Simon Vivian also purchased 250,000 for £97,500, taking his holding to 1.63%.
Breedon, the UK's biggest independent producer of primary aggregates used in construction, reported that underlying profit before tax jumped 77% to £9.4m in the first half ended June 30th with volumes ahead in all key product groups.