- Dowlais CEO buys 415,133 shares
- Evoke director buys 250,000 shares
- New Capita CFO invests
The CEO of automotive parts supplier Dowlais (DWL), Liam Butterworth, has bought nearly a quarter of million pounds worth of shares in the company after downbeat first-half results.
Butterworth snapped up 415,133 shares at 60p for a total value of £248,135 on 14 August.
This came after results for the six months to 30 June which were blighted by the slowdown in EV (electric vehicle) production.
The firm which was demerged from Melrose Industries (MRO) last year said adjusted pre-tax profit fell by 26% to £95 million.
Dowlais’ automotive business saw the biggest drop in operating profit, falling by 13% to £122million, as its ePowertrain technology line was impacted by lower production on certain battery electric vehicle platforms. Year-to-date Dowlais’ shares are down 40%.
EVOKE DIRECTOR SNAPS UP 250,000 SHARES
Jonathan Mendelsohn non-executive chair of online gambling firm Evoke (EVOK), has bought 250,000 shares at 55p for a trade with a total value of £138,000 on 15 August.
After this transaction, Mendelsohn holds an interest of 500,000 ordinary shares.
Back in July, the online gambling firm, formerly known as 888 issued a full-year profit warning.
The company said first-half adjusted EBITDA (earnings before interest, tax, depreciation, and amortisation) was running £35 million to £40 million behind plan which would clearly impact its full-year outcome.
Over the past year Evoke’s shares are down 49%.
NEW CAPITA CFO BUYS 1.2 MILLION SHARES
Pablo Andres, director, and new CFO of outsourcing firm Capita (CPI) has bought 1,200,000 million shares at 17p for a deal with a value of £206,286 on 7 August.
Following this transaction Andres has a total of 1,850,000 ordinary shares representing 0.11% of the company’s issued share capital.
As announced on 13 May, Andres has been appointed CFO after the retirement of Tim Weller.
Year-to-date, Capita’s shares are down almost 10% amid struggles with the strategic direction of the business.
But the stock has rallied more than 40% over one month following the announcement (13 June) of a strategic shake-up of two divisions – Capita Public Service and Capita Experience.
