Greene King's newest director buys in to company

Greene King’s newest director has put his money behind the company he’ll chair later this year.

Philip Yea joined the board last Tuesday, ahead of the retirement of chairman Tim Bridge who is due to step down in May when Yea will take up the role.

Yea bought his first stake in the company on Thursday, snapping up 30,000 shares for nearly £258,000.

It followed a strong trading update from the FTSE 250 pub operator and brewer on Wednesday, which said for the 40 weeks to 7 February 2016 Greene King Retail like-for-like sales were up 2.2%, with a 5% increase in sales over the two Christmas weeks.

Spirit Managed life-for-like sales also rose 1.1% for the period, with Christmas sales up 5.2%.

Chief executive Rooney Anand said it was a strong performance, with all divisions trading well during the festive period.

“Our positive trading results are a testament to the hard work and dedication of our teams who gave our guests great experiences, with value, service and quality central to our offer.”

Top Director Buys

Greene King (GNK)
Director name: Yea,Philip
Amount purchased: 30,000 @ 858.98p
Value: £257,694.00

Rm (RM.)
Director name: Martin,Neil
Amount purchased: 35,000 @ 136.43p
Value: £47,750.50

Renold (RNO)
Director name: Allkins,John
Amount purchased: 69,500 @ 35.50p
Value: £24,672.50

Matchtech Group (MTEC)
Director name: Dyer,Tony
Amount purchased: 4,605 @ 445.15p
Value: £20,499.16

Matchtech Group (MTEC)
Director name: Dyer,Tony
Amount purchased: 3,818 @ 445.15p
Value: £16,995.83

Matchtech Group (MTEC)
Director name: Dyer,Tony
Amount purchased: 3,706 @ 445.15p
Value: £16,497.26

Pinnacle Technology Group (PINN)
Director name: Duckworth,Simon D'Olier
Amount purchased: 150,000 @ 8.20p
Value: £12,300.00

Polar Capital Technology Trust (PCT)
Director name: Bates,Sarah
Amount purchased: 2,000 @ 513.74p
Value: £10,274.80

Enterprise Inns (ETI)
Director name: Maloney,David
Amount purchased: 25,000 @ 0.74p
Value: £185.00

Share Plc (SHRE)
Director name: Stone,Richard William
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Birkett,Mike
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Tolkien,Richard
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Ecsery,Francesca Eva
Amount purchased: 546 @ 27.50p
Value: £150.15

Share Plc (SHRE)
Director name: Thomas ,Gareth
Amount purchased: 545 @ 27.50p
Value: £149.88

Zotefoams (ZTF)
Director name: Stirling,David
Amount purchased: 50 @ 297.00p
Value: £148.50

Zotefoams (ZTF)
Director name: Hurst,Clifford G
Amount purchased: 50 @ 297.00p
Value: £148.50

Top Director Sells

Matchtech Group (MTEC)
Director name: Dyer,Tony
Amount purchased: 8,427 @ 445.00p
Value: £37,500.15

London & Associated Properties (LAS)
Director name: Thapar,Anil
Amount purchased: 111,847 @ 25.00p
Value: £27,961.75

Matchtech Group (MTEC)
Director name: Dyer,Tony
Amount purchased: 3,708 @ 445.00p
Value: £16,500.60