Results / chairman8 Apr 2018 16:25
Keith Hamill, non-executive Chairman, acquired 266,666 Shares on the morning of 28 March 2018 at a price of 37.4p per Share. First why would you buy shares if you knew the results are going to be bad or worse than expected and the sp would go down after the news, you wouldn't would you, but if you knew the results are going to be better than expected, well that's another matter.
This clearly is in the closed period and against the rules, but he must think it's going to be worth paying a hefty fine if the results are good or better than expected and the sp rises a lot more and the profit on 266,000 shares is going to be greater than the fine.
I guess the rules are against this but it's all down to how big the fine could be vs a profit gain. This could be an interesting few weeks.