Director dealings: Ten Entertainment chairman lowers stake

Ten Entertainment Group revealed on Thursday that chairman Nick Basing had sold 100,000 ordinary shares in the tenpin bowling operator.

Basing, who took over as chairman in March 2017, sold the shares on Monday at an average price of 267p each, for a total value of £267,000.01.

Following the sale, Basing still holds 1.22m ordinary shares in Ten, representing 1.9% of the company's issued share capital.

Ten Entertainment reported a 9.6% improvement in total sales in its first-half results back in September, to reach £41.4m, with its rate of like-for-like sales growth rising to 7.4% year-on-year from 3.1%.

The London-listed firm said group adjusted EBITDA was 14.2% higher for the 26 weeks ended 30 June at £11.2m, while group adjusted profit before tax was also ahead 14.2% at £7.3m.

As of 1630 GMT, Ten shares had slipped 0.40% to 259.95p.

Top Director Buys

Ten Entertainment Group (TEG)
Director name: Basing,Nick
Amount purchased: 25,000 @ 261.00p
Value: £65,250.00

Energean Oil & Gas (ENOG)
Director name: Benos,Panagiotis
Amount purchased: 4,989 @ 885.36p
Value: £44,170.61

Xpediator (XPD)
Director name: McGurin,Charles
Amount purchased: 43,715 @ 32.00p
Value: £13,988.80

Empresaria Group (EMR)
Director name: Anderson,Tim
Amount purchased: 15,000 @ 50.99p
Value: £7,647.90

Xpediator (XPD)
Director name: McGurin,Charles
Amount purchased: 19,047 @ 31.50p
Value: £5,999.80

Empresaria Group (EMR)
Director name: Anderson,Tim
Amount purchased: 10,000 @ 49.75p
Value: £4,975.00

Imi (IMI)
Director name: Shook ,Daniel
Amount purchased: 12 @ 1,112.50p
Value: £133.50

Imi (IMI)
Director name: Twite,Roy
Amount purchased: 11 @ 1,112.50p
Value: £122.38

Top Director Sells

Ten Entertainment Group (TEG)
Director name: Basing,Nick
Amount sold: 100,000 @ 267.00p
Value: £267,000.01