Director Dealings: Nighthawk board members swoop on shares

Earlier this month the company announced the start of a drilling programme at its 'Jolly Ranch' project in Colorado, which the company owns a 50 per cent stake in.

Shares in the Aim-listed company are currently trading at around half their high price of 59p seen a year ago.

The board members, including managing director David Bramhill, purchased 300,000 shares at 24.6p each to take their combined stakes to more than 11 million shares.

Stuart Paterson, a non-executive director of Scottish sausage skin manufacturer Devro, has upped his holding. He bought 5,000 shares at l74p each and now holds 65,000 shares.

Giovanni Ghione, deputy chairman of Kinross-based cashmere business Dawson International, has increased his stake. He purchased a million shares at 2.5p each through a company he controls. He now holds 23.9 million shares in the company.

Directors at bakery group Greggs have bought shares in lieu of part of their bonuses. Chief executive Kennedy McMeikan bought 6,821 shares at 494p each to increase his holding to 64,681 shares.

Retail director Raymond Reynolds has purchased 2,179 shares at the same price and now holds 52,010 shares.

The shares will be held in trust for three years.

Dimitrios Koutras, a non-executive director at European Goldfields, has banked a 23 million profit after selling shares. Koutras sold 6.7 million shares at 435p a share to institutional investors. He had bought the shares in November 2008. Koutras still owns more than 5 per cent of the company and said he did not intend to sell any more shares.

John Swaite, finance director of communications group AdEPT Telecom, has bought 7,600 shares at 26p per share. He now holds 11,256 shares.

Philip Stimpson, chief executive of Mediwatch, has topped up his holding in the medical diagnostics company.

He bought 100,000 ordinary shares at 5.75p each and now holds just under 21 million shares.

Dr Gary Millar, the newly appointed chief executive of hygiene company Byotrol, has bought 250,000 shares at 17p each, 200,000 of which were bought from the company's deputy chairman Stephen Falder. Millar has also been granted options over 400,000 shares by the company.