Entertainment One chief attempts to get company out of the mud

In a bid to turn a sow’s ear into a silk purse, Entertainment One's chief executive is doing his bit to help the share price rebound.

The Peppa Pig owner's stock has been under pressure since the company announced a refinancing deal that will increase its interest payments.

Last Friday, the group said it had priced its £285m offering of 6.875% senior secured notes, saying it would use the proceeds to refinance existing credit facilities in full.

Chief executive Darren Throop threw his own money behind the company by purchasing 130,675 shares for £183,428.

It was the latest measure taken to help the company recover, after it was forced to explain its refinancing deal in a statement on Wednesday.

It said that the combination of its new non-amortising, fixed rate debt financing and revolving credit facility provides the company with a long-term capital structure appropriate for its strategic ambitions.

Top Director Buys

Entertainment One Limited (ETO)
Director name: Mr Darren Dennis Throop
Amount purchased: 130,675 @ 140.37p
Value: £183,428

Sacoil Holdings (DI) (SAC)
Director name: Mr Damain Matroos
Amount purchased: 142,413 @ 1.32p
Value: £1,880

C4X Discovery Holdings (C4XD)
Director name: Dr Clive Dix
Amount purchased: 50,000 @ 77.00p
Value: £38,500

Electra Private Equity (ELTA)
Director name: Mr Edward Bramson
Amount purchased: 1,000 @ 3,606.00p
Value: £36,060

Princess Private Equity Holding Ltd. (PEY)
Director name: Mr Richard John Battey
Amount purchased: 3,000 @ € 7.80
Value: € 23,400

Playtech (PTEC)
Director name: Mr Paul William Hewitt
Amount purchased: 2,223 @ 791.64p
Value: £17,598

Top Director Sells

China Nonferrous Gold Limited (DI) (CNG)
Director name: Mr Abuali Ismatov
Amount sold: 1,525,000 @ 21.23p
Value: £323,758