Director dealings: Morrison's director picks up 100,000 shares in grocer
Kevin Havelock, a non-executive director of supermarket giant Morrison's, purchased 100,000 ordinary shares in the Bradford-based firm on Tuesday.
Food & Drug Retailers
3,956.27
16:59 26/04/24
FTSE 100
8,139.83
17:09 26/04/24
FTSE 350
4,470.09
16:59 26/04/24
FTSE All-Share
4,423.59
17:14 26/04/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Havelock, who joined the grocer's board of directors in January, purchased the shares at an average cost of £2.2605 per share for a total of £226,050.
Morrison's new board member, who has extensive experience in FMCG under his belt, was most recently a member of Unilever's executive committee and president of global refreshment, which comprises its drinks and ice cream brands.
Britain's fourth-largest supermarket group said it would pay a special dividend to its shareholders after posting annual results that were slightly ahead of analysts expectations back in March as a result of its strengthened position as a result of food price inflation
Morrison's said it would pay a special dividend of 4p per share, taking the total payout for the year to 10.09p, almost double what it returned to shareholders a year earlier, after pre-tax profits rose 17% to £380m during 2017.
As of 1620 BST, shares had picked up just 0.04% to 224.80p.
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