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Director dealings: APC deal drives rise in shares

ELECTRONICS specialist Advanced Power Components saw its shares rise sharply earlier this month after winning a major contract for energy-efficient lighting from a retail chain.

The £2 million contract award followed the completion of an agreement announced last year for the same customer.

Chief executive Mark Robinson described the award as a “big vote of ­confidence” in the ability of the group to successfully deliver energy-saving products and services.

Three directors, including Robinson, went into the market last week to buy shares in the company.

Robinson was the biggest purchaser, taking 300,000 shares at 13.25p to increase his stake to 880,020 shares. Two other board members each bought 40,000 shares. Shares in the company have doubled in the past year.

n Andrew Shrager, non-­executive chairman of ­Russia-focused exploration and production company, Urals Energy, has bought 450,000 shares at 6.5p each. He now holds 525,000 shares in the company.

n Jasper Allen, chairman of coin-dealer Noble Investments, has sold 21,290 shares at 199p each. He still retains 212,151 shares.

n Matthew Bending, chief executive of Glasgow-based retail marketing specialist SpaceandPeople, has bought 28,500 shares at 72p each. He now holds more than two million shares, around 10.8 per cent of the group.

n Robert Purcell, the newly appointed chief executive of engineering group Renold has bought 250,000 shares at around 26p each.

n A non-executive director of United Utilities has bought 5,000 shares at 719.8p each.

n Pascal Perrier, president of Burberry’s Asia Pacific division, sold 30,000 shares at 1366.8p.

 

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