Director dealings: N Brown director makes share purchase
N Brown revealed on Wednesday that non-executive director Joshua Alliance had acquired 7.37m ordinary shares in the London-listed online retailer.
Alliance, the son of former chairman David Alliance, purchased the shares on Monday at an average price of 62.03p each, for a total value of £4.57m.
Last week, N Brown said annual profits had almost halved as income fell during the pandemic but the clothing and homewares retailer said product revenue had returned to growth.
Adjusted pretax profit for the year to the end of February fell 49.4% to £30.1m from a year earlier as group revenue dropped 13% to £728.8m.
Product revenue, which excludes financial services income, fell 14.4% to £468.4m. Statutory pretax profit plunged 72.3% to £9.9m.
As of 1625 BST, N Brown shares were up 5.19% at 66.32p.
Top Director Buys
Brown (n.) Group (BWNG)
Director name: Alliance,Joshua
Amount purchased: 7,375,000 @ 62.03p
Director name: Ford,Jody
Amount purchased: 36,067 @ 277.26p
Director name: McBride,Brian
Amount purchased: 18,684 @ 267.60p
Alpha Financial Markets Consulting (AFM)
Director name: May,Jill
Amount purchased: 12,307 @ 325.00p
Lowland Investment Co (LWI)
Director name: Vinnicombe,Helena
Amount purchased: 1,000 @ 1,374.81p
Director name: Vatenmacher,Igor
Amount purchased: 750,000 @ 0.85p
Top Director Sells
Lancashire Holdings Limited (LRE)
Director name: Maloney ,Alex
Amount sold: 83,866 @ 648.00p
Director name: Dobson,Michael W R
Amount sold: 15,000 @ 3,575.00p