Chairman of Stilo International buys 5m shares

The chairman of Stilo International acquired 5m new shares for 3p each in the IT services group.

David Ashman, who is also a non-executive director, spent £441,000 in the transaction and now holds 20.2m ordinary shares, which represents 18.4% of the company's issued capital.

The group said last month a reduction in software orders along with the shelving of a major conversation project by a European customer dented full-year pre-tax profits by 37.9% to £0.95m.

However, Ashman said at the time that the initial release of their new XML authoring service Authorbridge, scheduled for the coming months, remains on track.

Top Director Buys

Porta Communications (PTCM)
Director name: Mr Bob Morton
Amount purchased: 6,300,000 @ 7.00p
Value: £441,000

Stilo International (STL)
Director name: Mr David Ashman
Amount purchased: 5,000,000 @ 3.00p
Value: £150,000

Coats Group (COA)
Director name: Mr Richard Howes
Amount purchased: 290,000 @ 25.45p
Value: £73,805

British American Tobacco (BATS)
Director name: Mr Ben Stevens
Amount purchased: 536 @ 3,410.00p
Value: £18,278

Beowulf Mining (BEM)
Director name: Mr Kurt Budge
Amount purchased: 716,426 @ 2.25p
Value: £16,120

Beowulf Mining (BEM)
Director name: Mr Jan Ola Larsson
Amount purchased: 686,523 @ 2.25p
Value: £15,447

Beowulf Mining (BEM)
Director name: Mr Bevan John Metcalf
Amount purchased: 632,508 @ 2.25p
Value: £14,231

Top Director Sells

Alliance Trust (ATST)
Director name: Mr Katherine Garrett-Cox
Amount sold: 65,266 @ 503.77p
Value: £328,791

Powerflute Oyj (DI) (POWR)
Director name: Mr Dermot S. Smurfit
Amount sold: 134,074 @ 65.40p
Value: £87,684

Powerflute Oyj (DI) (POWR)
Director name: Mr Dermot S. Smurfit
Amount sold: 51,740 @ 66.00p
Value: £34,148