10.12.2009

Lavendon directors buy-in

Eight Lavendon directors have acquired over 805,000 additional shares between them in the group’s recent capital raising offer. Those investing in the new shares included: Kevin Appleton, Alan Merrell, Maarten Mijnlieff, David Cagigas, David Hollywood, John Standen, Tim Ross and Mark Johnson.

Vertikal Comment

It is always good to see managers and directors investing their own money in the company that they are responsible for. The purchases will go all or part way to maintaining the directors percentage holding in the company.

The recent capital raising obviously knocked the share price from around £1.25 when it was announced, down to close to the 70p offer price. So not really the best time to sell if you are an existing shareholder, but possibly a good time to buy in or add to your holding?