- LBG boss buys 341,929 shares
- Everyman director tops up
- Tristel co-founder sells stock
Alexander ‘Solly’ Solomou, chief executive of youth publisher LBG Media (LBG: AIM) bought 341,929 shares at an average of 73p for a total value of £248,753 on 18 April.
Earlier in the week, the LADbible owner reported solid full-year results with group revenue rising 7.5% to £67.5 million.
The company said adjusted EBITDA (earnings before interest taxation depreciation and amortisation) was ahead 10.8% year-on-year, reaching £17.4 million, with a healthy margin of 26% against 25% in the prior-year period.
Solomou’s move could be seen as a vote of confidence in the youth publisher which is successfully expanding into the US with the October 2023 acquisition of digital media brand Betches for £19.3 million.
DIRECTOR UPS STAKE IN EVERYMAN
Michael Rosehill, non-executive director of premium cinema operator Everyman (EMAN), bought 50,000 shares at an average of 57p for a total value of £28,750 on 18 April.
Rosehill has been buying shares through private equity group Blue Coast, where he is also a director.
Blue Coast’s total holding has risen to 25,853,639 ordinary shares, equating to 28.4% of the company’s issues shared capital.
TRISTEL CHIEF EXECUTIVE SELLS SHARES
Paul Swinney, chief executive of hospital hygiene specialist Tristel (TSTL: AIM), sold 50,000 shares at an average of 462p for a total value of £231,000 on 16 April.
The sale comes a few months after the company's co-founder announced his intention to step down after 30 years at the business.
At the time of the announcement in December 2023, Swinney said he would remain in the role until a successor was appointed.
