Northbridge Industrial Services directors prop up share price
Updated : 16:33
Northbridge Industrial Services board members have been buying stock to bolster the company’s share price.
Chief executive Eric Hook and chairman Peter Harris both purchased 150,000 and 100,000 shares in the company on Monday at 70p per share.
Western Selection, of which non-executive director David Marshall is the chairman, also purchased 600,000 shares in the company.
It followed a dramatic fall in the share price from October 21, for which Northbridge released a statement saying they are not aware of any specific reason for the share price movement.
The purchase appears to have given the market confidence with shares sitting at 94.20 at 1539 GMT, up 23.2p (32.68%).
Top Director Buys
Northbridge Industrial Services (NBI)
Director name: Mr Eric W Hook
Amount purchased: 150,000 @ 70.00p
Value: £105,000
Northbridge Industrial Services (NBI)
Director name: Mr Peter R Harris
Amount purchased: 100,000 @ 70.00p
Value: £70,000
Development Securities (DSC)
Director name: Mr Richard Upton
Amount purchased: 6,250 @ 240.00p
Value: £15,000
Top Director Sells
Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)
Director name: Mr E P K Weatherall
Amount sold: 14,000 @ $53.00
Value: $741,940
Boxhill Technologies (BOX)
Director name: Mr Lord Razzall
Amount sold: 14,000,000 @ 0.32p
Value: £44,800