Spirit Pub Company's outgoing chief executive Ian Dyson has purchased £58,575 worth of shares just days before he exits the company.

The director, who is leaving the firm after just over a year in the job, bought up 150,000 shares at 39.05p.

The former Marks & Spencer finance director will leave his post at the company's AGM in December to be replaced by his deputy Mike Tye.

Dyson's replacement Tye joined Punch Taverns in 2008 and was managing director of the managed business prior to Spirit's demerger from Punch in August 2011.

The announcement, made in October, followed strong full year results with earnings per share up 18%.

Speaking about the resignation of Dyson, chairman Walker Boyd said he had led the business through a period of major change, leading to the successful demerger of Spirit and a significant improvement in operating performance and results.

"He will leave Spirit with a clear and exciting strategy, strong operational momentum, a high calibre management team and a well qualified successor," he said.

Top Director Buys

Kingspan Group (KGP)
Director name: Mr Geoff P Doherty
Amount purchased: 150,000 @ € 6.00
Value: € 900,000

Record (REC)
Director name: Mr James Wood-Collins
Amount purchased: 525,661 @ 14.90p
Value: £78,323

Spirit Pub Company (SPRT)
Director name: Mr Ian Dyson
Amount purchased: 150,000 @ 39.05p
Value: £58,575

Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 9,800 @ 437.24p
Value: £42,850

Tower Resources (TRP)
Director name: Mr Jeremy Asher
Amount purchased: 1,550,000 @ 2.66p
Value: £41,230

PayPoint (PAY)
Director name: Mr Steve Rowley
Amount purchased: 8,013 @ 495.00p
Value: £39,664

Record (REC)
Director name: Mr Paul Sheriff
Amount purchased: 235,046 @ 14.90p
Value: £35,022

JPMorgan Russian Securities (JRS)
Director name: Mr Robert Jeens
Amount purchased: 5,000 @ 511.03p
Value: £25,552

Record (REC)
Director name: Mrs Leslie Hill
Amount purchased: 156,697 @ 14.90p
Value: £23,348

Record (REC)
Director name: Mr Bob Noyen
Amount purchased: 156,697 @ 14.90p
Value: £23,348

Related share prices
Kingspan Group (KGP) share price
JPMorgan Russian Securities (JRS) share price
PayPoint (PAY) share price
Banco Santander SA (BNC) share price
Tower Resources (TRP) share price
Record (REC) share price
Spirit Pub Company (SPRT) share price