Powerflute's chairman sells shares
The chairman of Powerflute Oyj announced on Friday it has sold some of his shares in the paper and packaging group.
Forestry & Paper
19,661.22
16:30 25/09/24
FTSE AIM 100
3,528.04
15:45 15/11/24
FTSE AIM All-Share
728.67
15:45 15/11/24
Powerflute Oyj (DI)
90.00p
12:00 12/12/16
Dermot Smurfit sold 100,000 shares on Wednesday for 65.25p each and further 92,500 for 67.05p on Thursday, bringing home a total of £127,280.
After the sale, Smurfit still holds 1.5m shares in the company, which represent 0.5% of its share capital.
The group said last month it expects its full-year performance to be "significantly" ahead of initial forecasts thanks to strong market conditions in its coreboard and cores division in the US and China.
The packaging papers division is also performing well, the company said at the time, with favourable movement of the dollar agains the euro having a positive impact on average selling prices.
Top Director Buys
Datatec Ltd. (DI) (DTC)
Director name: Mr Jens P Montanana
Amount purchased: 130,000 @ 353.38p
Value: £459,394
Seneca Global Income & Growth Trust (SIGT)
Director name: Mr Jimmy McCulloch
Amount purchased: 25,000 @ 149.00p
Value: £37,250
Top Director Sells
Datatec Ltd. (DI) (DTC)
Director name: Mr Jens P Montanana
Amount sold: 232,118 @ 353.38p
Value: £820,259
Powerflute Oyj (DI) (POWR)
Director name: Mr Dermot S. Smurfit
Amount sold: 100,000 @ 65.25p
Value: £65,250
Powerflute Oyj (DI) (POWR)
Director name: Mr Dermot S. Smurfit
Amount sold: 92,500 @ 67.06p
Value: £62,030
Henderson Group (HGG)
Director name: Mr Andrew Formica
Amount sold: 9,736 @ 283.84p
Value: £27,635