4 May – director dealing

Since the release of interim results last month there have been a number of share purchases by directors.  Most recently, Finance Director Neil Austin added 4,500 shares to his holding at an average price of 114.48p on 1 May.  He had been buying more significant amounts alongside Chief Executive Officer Tim Davies last month and Non-Executive Director Ian Wood also bought 10,000 shares at 116.09p each on 30 April, taking his holding to 30,000.  We continue to rate the shares as a BUY.