Entertainment One bosses add to stakes
Jun 25, 2009
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Three of the senior directors at film maker and distributor Entertainment One have built on their holdings following an upbeat trading statement yesterday.
Darren Throop, chief executive, purchased 300,000 shares at 21.5p per share, boosting his total holding to 4.5m shares or 3.47%.
Giles Willits, Chief Financial Officer, bought 300,000 shares, also at 21.5p, taking his beneficial interest to 320,000 shares, while Patrice Theroux, President of Global Filmed Entertainment, purchased 300,000 shares at a price of 21.6p per share and a further 37,000 shares at a price of 24.2p per share.
Entertainment's losses last year climbed to £31m from £7.7m as it write off more from its US music inventory. Revenues, though, rose by nearly 30% to £343m, while underlying profits jumped by 27.1% to £16.4m.
"The Film division has a high quality slate of releases for the new financial year and Television has made a strong start with particular successes in major US network commissions. The Canadian Distribution business continues to deliver robust performance while the US Music and Distribution businesses have stabilised following the restructuring," chief executive Darren Throop said.
Top Director Buys
Symphony International Holdings (SIHL)
Director name: Mr Anil Thadani
Amount purchased: 300,000 @ $0.35
Value: $105,000
Sirius Petroleum (SRSP)
Director name: Mr Michael Hirschfield
Amount purchased: 2,875,000 @ 2.40p
Value: £69,000
Entertainment One (DI) (ETO)
Director name: Mr Patrice Theroux
Amount purchased: 300,000 @ 21.60p
Value: £64,800
Entertainment One (DI) (ETO)
Director name: Mr Darren Dennis Throop
Amount purchased: 300,000 @ 21.50p
Value: £64,500
Entertainment One (DI) (ETO)
Director name: Mr Giles Kirkley Willits
Amount purchased: 300,000 @ 21.50p
Value: £64,500
Devro (DVO)
Director name: Mr Steve Hannam
Amount purchased: 46,685 @ 93.50p
Value: £43,650
Holidaybreak (HBR)
Director name: Mr John Coleman
Amount purchased: 10,200 @ 294.00p
Value: £29,988
Perpetual Income & Growth Inv Trust (PLI)
Director name: Mr Bob Yerbury
Amount purchased: 10,000 @ 185.50p
Value: £18,550
Ascent Resources (AST)
Director name: Mr Malcolm Groom
Amount purchased: 400,000 @ 3.30p
Value: £13,200
Europa Oil & Gas (EOG)
Director name: Mr Paul A. Barrett
Amount purchased: 100,000 @ 11.30p
Value: £11,300
Top Director Sells
Dechra Pharmaceuticals (DPH)
Director name: Mr Edward Torr
Amount sold: 50,000 @ 417.00p
Value: £208,500
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