Confident AT Communications CEO ups stake
AT Communications chief executive and founder Alex Tupman bought 400,000 shares in the business communications company after it announced 2007 results are expected to be in line with forecasts.
He bought the shares for 35p each.
The purchase brings his total holding to 12,997,044 shares, amounting to 16.85% of the company.
ATC said in its trading update today that it expected pre-tax profits of £6.2m for the year from sales of £89m.
"We have had a very clear strategy to date which has been focused on growing our product and service offering via select acquisitions to achieve UK wide coverage," Tupman said.
"Our prospects, looking forward, are very encouraging."
Alex Tupman founded ATC in 1999. It was admitted to AIM in 2005.
Top Director Buys
Frontline (FRO)
Director name: Mr Bjørn Sjaastad
Amount purchased: 10,000 @ 1,829.46p
Value: £182,946
Enterprise Inns (ETI)
Director name: Mr David C George
Amount purchased: 40,000 @ 413.50p
Value: £165,400
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AT Communications (ATCG)
Director name: Mr Timothy Alexander Tupman
Amount purchased: 400,000 @ 35.00p
Value: £140,000
Jupiter European Opps Trust (JEO)
Director name: Mr Alexander F C Darwall
Amount purchased: 50,000 @ 178.00p
Value: £89,000
Enterprise Inns (ETI)
Director name: Mr Graham E (Ted) Tuppen
Amount purchased: 15,000 @ 418.75p
Value: £62,812
Home Retail Group (HOME)
Director name: Mr John Coombe
Amount purchased: 14,000 @ 271.00p
Value: £37,940
