Director dealings: Ten Entertainment chairman lowers stake
Ten Entertainment Group revealed on Thursday that chairman Nick Basing had sold 100,000 ordinary shares in the tenpin bowling operator.
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Basing, who took over as chairman in March 2017, sold the shares on Monday at an average price of 267p each, for a total value of £267,000.01.
Following the sale, Basing still holds 1.22m ordinary shares in Ten, representing 1.9% of the company's issued share capital.
Ten Entertainment reported a 9.6% improvement in total sales in its first-half results back in September, to reach £41.4m, with its rate of like-for-like sales growth rising to 7.4% year-on-year from 3.1%.
The London-listed firm said group adjusted EBITDA was 14.2% higher for the 26 weeks ended 30 June at £11.2m, while group adjusted profit before tax was also ahead 14.2% at £7.3m.
As of 1630 GMT, Ten shares had slipped 0.40% to 259.95p.
Top Director Buys
Ten Entertainment Group (TEG)
Director name: Basing,Nick
Amount purchased: 25,000 @ 261.00p
Value: £65,250.00
Energean Oil & Gas (ENOG)
Director name: Benos,Panagiotis
Amount purchased: 4,989 @ 885.36p
Value: £44,170.61
Xpediator (XPD)
Director name: McGurin,Charles
Amount purchased: 43,715 @ 32.00p
Value: £13,988.80
Empresaria Group (EMR)
Director name: Anderson,Tim
Amount purchased: 15,000 @ 50.99p
Value: £7,647.90
Xpediator (XPD)
Director name: McGurin,Charles
Amount purchased: 19,047 @ 31.50p
Value: £5,999.80
Empresaria Group (EMR)
Director name: Anderson,Tim
Amount purchased: 10,000 @ 49.75p
Value: £4,975.00
Imi (IMI)
Director name: Shook ,Daniel
Amount purchased: 12 @ 1,112.50p
Value: £133.50
Imi (IMI)
Director name: Twite,Roy
Amount purchased: 11 @ 1,112.50p
Value: £122.38
Top Director Sells
Ten Entertainment Group (TEG)
Director name: Basing,Nick
Amount sold: 100,000 @ 267.00p
Value: £267,000.01