Director dealings: TalkTalk chairman raises stake

TalkTalk revealed on Tuesday that chairman Charles Dunstone had purchased 955,149 ordinary shares in the FTSE 250-listed telecommunications firm.

Dunstone, who founded TalkTalk back in 2002, acquired 500,000 ordinary shares on Friday at an average price of 107.45p each on Friday and then snapped a further 455,149 ordinary shares on Monday at an average price of 100.24p each.

In total, Dunstone spent £993,491.36 on TalkTalk shares across the two transactions.

Back in January, TalkTalk reported a fall in headline revenue, ex-carrier and off-net to £383m from £386m year-on-year, while its headline on-net revenue slipped to £310m from £316m.

TalkTalk said its headline off-net revenue was in line with the third quarter of the 2019 financial year at £3m, while its headline corporate revenue fell to £79m from £82m.

As of 1640 GMT, TalkTalk shares were down 0.71% at 98.25p.

Top Director Buys

Talktalk Telecom Group (TALK)
Director name: Dunstone,Charles W
Amount purchased: 500,000 @ 107.45p
Value: £537,249.98

Talktalk Telecom Group (TALK)
Director name: Dunstone,Charles W
Amount purchased: 455,149 @ 100.24p
Value: £456,241.38

Ten Lifestyle Group (TENG)
Director name: Hornbuckle,Sarah
Amount purchased: 8,500 @ 72.85p
Value: £6,192.25

Renold (RNO)
Director name: Cooper,Timothy (Tim) J
Amount purchased: 43,482 @ 11.50p
Value: £5,000.43

Top Director Sells

Senior (SNR)
Director name: Foyle,Bindi
Amount sold: 15,045 @ 140.70p
Value: £21,168.31

Senior (SNR)
Director name: Bodenham,Andrew
Amount sold: 12,910 @ 140.70p
Value: £18,164.37

Centralnic Group (CNIC)
Director name: Riedl,Michael
Amount sold: 48,611 @ n/a
Value: n/a