Director dealings: Volex chairman ups stake

Volex revealed on Wednesday that chairman Nathaniel Rothschild had acquired 500,000 ordinary shares in the AIM-listed electrical cable maker.

Rothschild, the heir apparent of Baron Jacob Rothschild, purchased the shares on Tuesday at an average price of 165.0p each, for a total value of £824,999.99.

Back in April, Volex said it expected its full-year sales to exceed $392.0m, rising from $372.0m in the prior year.

It said combined sales for February and March, being the period since the outbreak of the Covid-19 coronavirus, totalled $68.0m, up from $63.0m.

As of 1630 BST, Volex shares were up 6.95% at 177.0p.

Top Director Buys

Volex (VLX)
Director name: Rothschild,Nathaniel
Amount purchased: 500,000 @ 165.00p
Value: £824,999.99

John Laing Group (JLG)
Director name: Loomes ,Ben
Amount purchased: 61,409 @ 284.00p
Value: £174,401.55

Savannah Energy (SAVE)
Director name: Clarkson,David
Amount purchased: 756,692 @ 8.92p
Value: £67,496.92

Savannah Energy (SAVE)
Director name: Clarkson,David
Amount purchased: 435,719 @ 9.18p
Value: £39,999.00

Otaq (OTAQ)
Director name: Watt,George
Amount purchased: 70,000 @ 35.00p
Value: £24,500.00

The City Pub Group (CPC)
Director name: Watson,Clive
Amount purchased: 35,000 @ 66.50p
Value: £23,275.00

Otaq (OTAQ)
Director name: Hambro,Alexander
Amount purchased: 57,620 @ 35.00p
Value: £20,167.00

Savannah Energy (SAVE)
Director name: Clarkson,David
Amount purchased: 208,866 @ 9.58p
Value: £20,009.36

The City Pub Group (CPC)
Director name: Watson,Clive
Amount purchased: 20,000 @ 63.75p
Value: £12,750.00

Top Director Sells

South32 Limited (di) (S32)
Director name: Fraser,Michael
Amount sold: 79,491 @ $2.17
Value: $142,240.85

Henderson Alternative Strategies Trust (HAST)
Director name: Oldroyd,Graham
Amount sold: 5,000 @ 284.00p
Value: £14,200.00