Director dealings: Sinclair Pharma veteran joins buying splurge

Sinclair Pharma director Jeff Thompson bought his first shares in the company after they failed to perk up in response to the aesthetic dermatology specialist's staff restructuring last month.

The US dermatology industry veteran and partner of Florida-based healthcare private equity firm HealthEdge, who has been a non-executive on the Sinclair board for two years, picked up 150,000 shares in the company at a price of 29.125p.

This follows purchases by chief executive Chris Spooner and finance director Alan Olby in recent weeks.

Interim results last month from Sinclair, whose shares sit more than a third lower than last year's seven-year high from last year, were in line with expectations, with revenue of £17.3m and the potentially transformational US launch of Silhouette Instalift™ has been ongoing since August, backed by ThermiGen’s 65-strong sales force. Cash and cash equivalents at period end was £24.4m.

at the start of September announced a restructing that saw the departure of more than 50 staff and long-time chief operating officer Christophe Foucher.

Sinclair said it expected to incur a one-off restructuring charge of £2.8m in this year's results but expects to benefit from annual cost savings of at least £2m.

Top Director Buys

Sinclair Pharma (SPH)
Director name: Thompson,Jeff
Amount purchased: 150,000 @ 29.12p
Value: £43,687.50

Pittards (PTD)
Director name: Yapp,Stephen
Amount purchased: 15,231 @ 102.75p
Value: £15,649.85

Grainger (GRI)
Director name: Jopling ,Nick
Amount purchased: 192 @ 232.80p
Value: £446.98

K3 Business Technology Group (KBT)
Director name: Davis,Brian
Amount purchased: 43 @ 352.50p
Value: £151.58

K3 Business Technology Group (KBT)
Director name: Bolton,David J
Amount purchased: 43 @ 352.50p
Value: £151.58

Great Portland Estates (GPOR)
Director name: Thompson,Neil
Amount purchased: 24 @ 627.00p
Value: £150.48

Great Portland Estates (GPOR)
Director name: Sanderson,Nick
Amount purchased: 24 @ 627.00p
Value: £150.48

Great Portland Estates (GPOR)
Director name: Courtauld,Toby
Amount purchased: 24 @ 627.00p
Value: £150.48