15 August 2019 – director dealing

The group has announced that non-executive director Bill Wilson has purchased 16,870 shares in the company at a price of 118.9p per share.  Following the purchase, Mr Wilson has an interest in 40,895 shares, representing approximately 0.07% of the company’s equity.  We continue to believe that these shares offer good value, bearing in mind they hit a high of 195p last year and given the fact that they yield over 5% at this price.  We therefore maintain our recommendation of BUY.