Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group.

Murray's transaction was by far the largest, costing him a total of £300,000.

Finance Director John Christmas sold 36,091 shares at 149.00p a time, earning him £53,776.

Executive Director David Crump earned £44,813 after trading in 30,076 shares at the same price, while Graham Andrews, who holds the same position, pocketed £43,229 from the sale of 29,013 shares.

Three weeks ago the company posted strong annual results for the year ending September 30th, buoyed by significant Olympics-related turnover.

The group, which supplies services to the corporate presentation, entertainment and broadcast markets disclosed that operating profit was up 196% to £4.5m. Revenue was up 14% to £143.5m from £125.5m a year earlier.

The group's trading profit was up 217% to £7.4m and trading earnings before interest tax depreciation and amortisation (EBITDA) jumped 34% to £27.1m.


Top Director Buys

Avesco Group (AVS)
Director name: Mr Richard Murray-Obodynski
Amount purchased: 200,000 @ 150.00p
Value: £300,000

Chemring Group (CHG)
Director name: Mr Peter Hickson
Amount purchased: 20,000 @ 281.80p
Value: £56,360

Port Erin Biopharma Investments Ltd (PEBI)
Director name: Mr James (Jim) Mellon
Amount purchased: 575,000 @ 6.26p
Value: £35,995

Renold (RNO)
Director name: Mr Robert Purcell
Amount purchased: 125,000 @ 25.50p
Value: £31,875


Top Director Sells

Morrison (Wm) Supermarkets (MRW)
Director name: Mr Richard Pennycook
Amount sold: 93,385 @ 256.80p
Value: £239,813

Avesco Group (AVS)
Director name: Mr John Christmas
Amount sold: 36,091 @ 149.00p
Value: £53,776

Avesco Group (AVS)
Director name: Mr David A Crump
Amount sold: 30,076 @ 149.00p
Value: £44,813

Avesco Group (AVS)
Director name: Mr Graham Andrews
Amount sold: 29,013 @ 149.00p
Value: £43,229

Chemring Group (CHG)
Director name: Ms Sarah Ellard
Amount sold: 9,567 @ 279.00p
Value: £26,692

Related share prices
Morrison (Wm) Supermarkets (MRW) share price
Avesco Group (AVS) share price
Chemring Group (CHG) share price
Renold (RNO) share price
Port Erin Biopharma Investments Ltd (PEBI) share price