CVS Group non-exec more than doubles stake

CVS Group said on Monday that one of its non-executive directors, Mike McCollum, more than doubled his stake in the veterinary services provider.

McCollum bought 30,000 shares at 370p apiece, taking his holding to 50,000.

The £111,000 purchase comes around a month after the group posted a 17.8% year-on-year rise in pre-tax profits to £14.3m.

Revenues were up 19% at £142.9m and adjusted earnings before interest, tax, depreciation and amortisation rose by 19.7% to £19.7m.

The share price has risen almost 7% since the publication of the results.

The group proposed a dividend payment of 2.5p, up 0.5p from a year earlier.

The good news has helped shares rise almost 7% in the period since their release. They are up more than 42% in the year-to-date.

Top Director Buys

Shire Plc (SHP)
Director name: Ms Susan Kilsby
Amount purchased: 7,500 @ 4,028.18p
Value: £302,114

CVS Group (CVSG)
Director name: Mr Mike McCollum
Amount purchased: 30,000 @ 370.00p
Value: £111,000

HarbourVest Global Private Equity Limited A Shs (HVPE)
Director name: Mr Alan Hodson
Amount purchased: 8,193 @ $12.19
Value: $99,873

Standard Life Equity Income Trust (SLET)
Director name: Mr Jeremy Tigue
Amount purchased: 25,238 @ 394.25p
Value: £99,501

Plus500 Ltd (DI) (PLUS)
Director name: Mr Michael (Mark) Charles Fairbairn
Amount purchased: 9,644 @ 518.00p
Value: £49,956

Xaar (XAR)
Director name: Mr Ramon Borrell
Amount purchased: 16,000 @ 246.00p
Value: £39,360

Fundsmith Emerging Equities Trust (FEET)
Director name: Mr John Strathmore Spencer
Amount purchased: 2,000 @ 1,081.00p
Value: £21,620

Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Anthony M Miller
Amount purchased: 10,000 @ $1.55
Value: $15,550

Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Anthony M Miller
Amount purchased: 10,000 @ $1.55
Value: $15,550

Game Digital (GMD)
Director name: Mr Caspar Woolley
Amount purchased: 5,000 @ 309.63p
Value: £15,482

Top Director Sells

Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Robert C Knapp
Amount sold: 2,663,663 @ $1.55
Value: $4,141,996