Director dealings: Regus's boardroom banker buys stock

Regus director François Pauly has picked up shares in the flexible office provider not long after a strong first-quarter trading statement.

Independent non-executive director François Pauly, a European banker who has been on the board since last May, spent £36,342 on Thursday buying 12,282 shares at a price of 295.5p.

The Luxembourger, who has 30 years of experience in the banking sector, dipped in two weeks after Regus expressed confidence about meeting full year targets after underlying cash generation more than doubling in what it said was an important three months in the development of the business.

Regus is moving towards our goal of less capital intensive growth through increased use of partnerships amid the less confident economic circumstances.

Broker Canaccord said: "Whilst Regus may continue to be viewed as high risk for some, given the scale of operating leases within the model, we continue to believe the business plays into a strong structural opportunity for increased demand for worker flexibility from both individuals and corporates."

Top Director Buys

Regus (RGU)
Director name: Pauly,Francois
Amount purchased: 12,282 @ 295.90p
Value: £36,342.44

Northern 2 Vct (NTV)
Director name: McAnulty,Cecilia
Amount purchased: 26,000 @ 74.50p
Value: £19,370.00

Nwf Group (NWF)
Director name: Banner,Brendon
Amount purchased: 2,500 @ 148.21p
Value: £3,705.25