Director dealings: Electrocomponents lowers stake

Electrocomponents revealed on Thursday that non-executive director Karen Guerra had disposed of 24,756 ordinary shares in the FTSE 250-listed industrial and electronics products group.

Guerra, who joined ECM's board in 2013, sold the shares on Wednesday at an average price of 788.68p each, for a total value of £195,245.62.

On Tuesday, Electrocomponents reinstated its dividend amid "increased confidence" in its business model and financial position.

Electrocomponents outlined a "resilient performance" for the six months ended 30 September despite adjusted pre-tax profits declining 28.1% to £74.3m and revenues falling 7.1% to £908.9m

As of 1650 GMT, Electrocomponents shares were up 1.58% at 804.0p.

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Top Director Sells

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Director name: Guerra,Karen
Amount sold: 24,756 @ 788.68p
Value: £195,245.62

Curtis Banks Group (CBP)
Director name: Self,William Arthur
Amount sold: 34,331 @ 201.03p
Value: £69,015.61

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