ServicePower Technologies' chairman buys 2m new shares

The chairman of ServicePower Technologies has bought 2m shares in the company.

Hugh Fitzwilliam-Lay purchased 2m shares for an individual price of 4.5p, spending £90,000 in the transaction.

The non-executive chairman, who was appointed last year, now holds 9.45m shares, which represent 4.2% of te group's issued share capital.

ServicePower said this month in a trading update that its first half-year was in line with management expectations.

Total revenues for the six months to 30 June 2015 are expected to rise to £7m from £6.2m same time last year.

Top Director Buys

Equatorial Palm Oil (PAL)
Director name: Mr Teh Sar Moh Nee
Amount purchased: 3,225,000 @ 3.67p
Value: £118,358

Babcock International Group (BAB)
Director name: Mr Mike Turner
Amount purchased: 10,000 @ 980.00p
Value: £98,000

ServicePower Technologies (SVR)
Director name: Mr Hugh Fitzwilliam-Lay
Amount purchased: 2,000,000 @ 4.50p
Value: £90,000

Babcock International Group (BAB)
Director name: Mr Myles Lee
Amount purchased: 2,000 @ 970.00p
Value: £19,400

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