Director dealings: SysGroup CFO acquires stake

IT services and cloud hosting provider SysGroup revealed on Thursday that chief financial officer Martin Audcent had acquired 59,808 ordinary shares in the AIM-listed firm.

Audcent, who joined the Liverpool-based firm last year, purchased the shares at an average price of 41.80p each, for a total value of £24,999.74.

Earlier in the week, SysGroup acquired B2B managed services outfit Hub Network Services for £1.45m on a cash-free/debt-free basis.

SysGroup financed the acquisition from its existing cash resources and said at the time that it expected the transaction to be immediately earnings enhancing.

As of 1620 BST, SysGroup shares had climbed 1.22% to 41.50p.

Top Director Buys

Sigmaroc (SRC)
Director name: Barrett ,David
Amount purchased: 440,000 @ 44.00p
Value: £193,600.00

Tui Ag Reg Shs (di) (TUI)
Director name: Joussen,Friedrich
Amount purchased: 22,851 @ 7.99
Value: 167,504.11

Sigmaroc (SRC)
Director name: Hall,Tim
Amount purchased: 150,000 @ 44.00p
Value: £66,000.00

Sigmaroc (SRC)
Director name: Vermoken ,Max
Amount purchased: 60,000 @ 44.00p
Value: £26,400.00

Tui Ag Reg Shs (di) (TUI)
Director name: Joussen,Friedrich
Amount purchased: 3,466 @ 7.99
Value: 25,400.37

Sysgroup (SYS)
Director name: Audcent,Martin Richard
Amount purchased: 59,808 @ 41.80p
Value: £24,999.74

Drax Group (DRX)
Director name: Baxter,John
Amount purchased: 7,000 @ 269.00p
Value: £18,830.00

Plutus Powergen (PPG)
Director name: Longley,James
Amount purchased: 2,500,000 @ 0.26p
Value: £6,500.00

Plutus Powergen (PPG)
Director name: Longley,James
Amount purchased: 2,000,000 @ 0.26p
Value: £5,200.00

Sysgroup (SYS)
Director name: Binks,Adam
Amount purchased: 6,400 @ 40.45p
Value: £2,588.80

Sequoia Economic Infrastructure Income Fund Limited (SEQI)
Director name: Platts,Sandra
Amount purchased: 2,384 @ 108.00p
Value: £2,574.72

Plutus Powergen (PPG)
Director name: Longley,James
Amount purchased: 500,000 @ 0.28p
Value: £1,375.00

Top Director Sells

Caledonia Investments (CLDN)
Director name: Wyatt,William
Amount sold: 8,712 @ 3,095.00p
Value: £269,636.41

Caledonia Investments (CLDN)
Director name: Cayzer-Colvin,Jamie M B
Amount sold: 5,312 @ 3,095.00p
Value: £164,406.40