Director dealings: New Kingswood executive acquires 1.05m shares

Kingswood holding chief operating officer Graydon Butler acquired 1.05m ordinary shares in the AIM-listed wealth planning and investment management company.

Graydon, who took over the COO role at the end of February, purchased the shares at an average price of 5.75p each, for a total value of £60,375.

Kingswood reported a narrowed annual loss earlier in April as reduced cost of sales and miscellaneous expenses offset a drop in revenue.

The group recorded a loss before tax of £3.8m for 2018, a 38% reduction on the year beforehand, as cost of sales dropped by 23% to £0.8m and 'other losses' were reduced from £3.4m to £100,000.

As of 1630 BST, Kingswood shares dropped 9.23% to 7.37p.

Top Director Buys

Kingswood Holdings Limited (KWG)

Director name: Mr Graydon Butler

Amount purchased: 1,050,000 @ 5.75p

Value: £60,375

Mereo Biopharma Group (MPH)

Director name: Dr Peter J Fellner

Amount purchased: 30,000 @ 128.00p

Value: £38,400

Scottish American Inv Company (SCAM)

Director name: Sir Nicholas Macpherson GCB

Amount purchased: 5,000 @ 394.16p

Value: £19,708

Scottish American Inv Company (SCAM)

Director name: Sir Nicholas Macpherson GCB

Amount purchased: 4,000 @ 394.13p

Value: £15,765

Volex (VLX)

Director name: Mr Daren Morris

Amount purchased: 16,937 @ 93.00p

Value: £15,751

Top Director Sells

Volex (VLX)

Director name: Mr Daren Morris

Amount sold: 174,147 @ 92.64p

Value: £161,330

Curtis Banks Group (CBP)

Director name: Mr Louis Jules Hydleman

Amount sold: 6,500 @ 304.00p

Value: £19,760

Wetherspoon (J.D.) (JDW)

Director name: Mr Nigel Connor

Amount sold: 881 @ 1,372.00p

Value: £12,087

Curtis Banks Group (CBP)

Director name: Mr Louis Jules Hydleman

Amount sold: 3,230 @ 310.00p

Value: £10,013