Director dealings: Mind Gym director makes share purchase
Mind Gym
19.00p
13:50 15/11/24
Mind Gym revealed on Wednesday that non-executive director Ruby smith had acquired 32,000 ordinary shares in the AIM-listed training solutions provider.
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Smith, the former chief executive of Mitie Group, purchased the shares on Tuesday at an average price of 140.0p each, for a total value of £44,800.
Back in October, Mind Gym said its first-half trading performance had reflected the ongoing disruption caused by the Covid-19 pandemic to its global client base.
Mind Gym said as its clients focused on dealing with their own operational changes, they were forced to cancel face-to-face leadership events and training programmes, with most of the new work usually commissioned with the firm between February and July being suspended.
However, revenues from virtual live deliveries increased significantly to 78% of total revenues, compared to 32% for the same period in 2019, with revenue for the six months ended 30 September now expected to be 40% weaker year-on-year at £14.5m.
As of 1630 GMT, Mind Gym shares were up 3.57% at 145.0p.
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