Director dealings: ProCook chief spends £0.21m on half a million shares
ProCook shares were on their way down on Friday afternoon, after it emerged that its chief executive spent more than £0.21m on shares.
The kitchenware retailer disclosed that Daniel O’Neill bought 500,000 shares on Thursday, in an open market transaction on the London Stock Exchange.
O’Neill paid 42.5p for each share, spending a total of £212,500.01.
Following the purchase, ProCook said O'Neill and people connected with him had a total interest in 38,736,902 of its shares, representing 35.5% of its issued capital.
ProCook shares had been hovering between 42p and 43p since surging from around 35p at the beginning of August, but began to slip on Thursday before sliding further in trading so far on Friday.
At 1242 BST, shares in ProCook Group were down 5.11% at 40.33p.
Reporting by Josh White at Sharecast.com.
Top Director Buys
Procook Group (PROC)
Director name: OÂ’Neill,Daniel
Amount purchased: 500,000 @ 42.50p
Derwent London (DLN)
Director name: Sharma,Sanjeev
Amount purchased: 1,261 @ 2,697.60p