Director dealings: AA chief executive ups stake
AA
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Simon Breakwell, chief executive of roadside assistance service AA, acquired a total of 142,249 ordinary shares in the firm on Tuesday, spending a total of £168,936 in the process.
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Breakwell, who took over the role of CEO after previous boss Bob MacKenzie left last year following an altercation with another director, bought 125,243 shares at 119p each, and in a separate transaction, upped his stake by a further 17,006 ordinary shares purchased at 117p each.
Earlier in the same day, AA reported an annual profit in line with depressed expectations after a boardroom bust-up at the motoring services company exposed problems that caused it to drop out of the FTSE 350 rankings.
Trading earnings before interest, tax and other items fell 3% to 391m in the year to the end of January, in line with company guidance from September. As expected, the company slashed its annual dividend to 5p a share from 9.3p a year earlier.
As of 1500 BST, shares had jumped 15.71% to 131.62p.
Top Director Buys
AA (AA.)
Director name: Mr Simon Breakwell
Amount purchased: 125,243 @ 119.00p
Value: £149,039
C4X Discovery Holdings (C4XD)
Director name: Dr Clive Dix
Amount purchased: 60,000 @ 113.00p
Value: £67,800
Amerisur Resources (AMER)
Director name: Mr Dana Coffield
Amount purchased: 233,000 @ 15.11p
Value: £35,206
C4X Discovery Holdings (C4XD)
Director name: Dr Clive Dix
Amount purchased: 20,000 @ 101.50p
Value: £20,300
AA (AA.)
Director name: Mr Simon Breakwell
Amount purchased: 17,006 @ 117.00p
Value: £19,897
Kore Potash (KP2)
Director name: Mr David Netherway
Amount purchased: 180,000 @ 11.00p
Value: £19,800
C4X Discovery Holdings (C4XD)
Director name: Dr Clive Dix
Amount purchased: 10,000 @ 108.50p
Value: £10,850
Top Director Sells