Director dealings: ProPhotonix CEO ups stake

ProPhotonix revealed on Friday that president and chief executive Tim Losik had purchased two million ordinary shares in the AIM-listed manufacturer of LED illumination systems.

Losik, who took over as CEO in May 2013, acquired the shares on Thursday at an average price of roughly 2.74p each, for a total value of approximately £54,800.

ProPhotonix shares crashed last week after the company warned that full-year revenues were not expected to exceed the $16.4m achieved in 2018.

The group said trading had been inconsistent across its customer base due to product introduction delays and the current business climate.

As of 1630 BST, ProPhotonix shares had climbed 7.18% to 2.95p.

Top Director Buys

ProPhotonix (DI) (PPIX)

Director name: Mr Tim Losik

Amount purchased: 2,000,000 @ 2.74p

Value: £54,800

Entertainment One Limited (ETO)

Director name: Mr Robert McFarlane

Amount purchased: 10,000 @ 408.66p

Value: £40,866

Entertainment One Limited (ETO)

Director name: Mr Robert McFarlane

Amount purchased: 10,000 @ 407.00p

Value: £40,700

Entertainment One Limited (ETO)

Director name: Mr Robert McFarlane

Amount purchased: 5,000 @ 410.28p

Value: £20,514

Entertainment One Limited (ETO)

Director name: Mr Robert McFarlane

Amount purchased: 3,100 @ 407.00p

Value: £12,617

Top Director Sells

Bakkavor Group (BAKK)

Director name: Mr Lydur Gudmundsson

Amount sold: 3,229,625 @ 122.40p

Value: £3,953,061

Bakkavor Group (BAKK)

Director name: Mr Agust Gudmundsson

Amount sold: 3,229,625 @ 122.40p

Value: £3,953,061

BBGI SICAV S.A. (DI) (BBGI)

Director name: Mr Duncan Ball

Amount sold: 319,000 @ 155.91p

Value: £497,353

BBGI SICAV S.A. (DI) (BBGI)

Director name: Mr Frank Schramm

Amount sold: 319,000 @ 155.91p

Value: £497,353

Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)

Director name: Mr Simon Keswick

Amount sold: 4,600 @ $61.69

Value: $283,774