Key Rolls-Royce directors increase stake in company

Rolls-Royce shares have had a good run over the last fortnight, and now its directors are getting in on the action.

Chairman Ian Davis, chief financial officer David Smith and non-executive director Lewis Booth have all significantly upped their stake in the company.

Davis purchased the biggest chunk of shares, buying 15,000 for just over £0.11m. He now holds a 36,874 share stake in the company.

It’s the latest in a line of Rolls-Royce director buys, after the majority of directors bought relatively small packages of shares on Wednesday.

The company is expected to release its third quarter interim management statement just over a month away on 12 November.

Top Director Buys

Centrica (CNA)

Director name: Mr Iain C Conn

Amount purchased: 100,000 @ 235.35p

Value: £235,350

Rolls-Royce Holdings (RR.)

Director name: Mr Ian Davis

Amount purchased: 15,000 @ 739.50p

Value: £110,925

Rolls-Royce Holdings (RR.)

Director name: Mr Lewis Booth

Amount purchased: 10,000 @ 734.00p

Value: £73,400

Centrica (CNA)

Director name: Mr Stephen Pusey

Amount purchased: 20,000 @ 235.35p

Value: £47,070

Rolls-Royce Holdings (RR.)

Director name: Mr David Smith

Amount purchased: 2,684 @ 739.50p

Value: £19,848

At the time of publication, there were no director sells.