Fiberweb number cruncher builds stake
Jun 26, 2009
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Director and chief financial officer of Fiberweb Daniel Abrams has put his hand in his pocket and bought 70,000 shares in the fabrics producer.
Abrams paid £49,560 for the stake at 70.8p a share on the same day that the firm concluded negotiations with Brazilian spunbound fabrics producer Fitesa over the creation of a joint venture company.
Friday's purchase takes Abrams' stake to 316,000 and comes as Fiberweb shares notch up a new 12-month closing high of 69.25p each.
Earlier, Fiberweb said the new JV company, owned 50/50 by Petropar and Fiberweb, will be called FitesaFiberweb.
It will focus on markets for lightweight non-woven fabrics, serving producers of disposable hygiene products such as baby and adult nappies and feminine care products
Top Director Buys
Debenhams (DEB)
Director name: Mr Rob Templeman
Amount purchased: 2,500,000 @ 80.00p
Value: £2,000,000
BG Group (BG.)
Director name: Mr Jurgen Dormann
Amount purchased: 15,000 @ 994.00p
Value: £149,100
Debenhams (DEB)
Director name: Mr Paul Pinder
Amount purchased: 65,477 @ 80.00p
Value: £52,382
Fiberweb (FWEB)
Director name: Mr Daniel Abrams
Amount purchased: 70,000 @ 70.80p
Value: £49,560
Brit Insurance Holding (BRE)
Director name: Mr Joseph Patrick MacHale
Amount purchased: 26,667 @ 183.30p
Value: £48,881
Progressive Digital Media Group (PRO)
Director name: Mr Peter Harkness
Amount purchased: 150,000 @ 12.50p
Value: £18,750
PGI Group (PGI)
Director name: Mr Spencer N Roditi
Amount purchased: 191,882 @ 8.50p
Value: £16,310
Debenhams (DEB)
Director name: Mr Dennis H Millard
Amount purchased: 14,961 @ 80.00p
Value: £11,969
Huntsworth (HNT)
Director name: Mr Eugene P. Beard
Amount purchased: 19,640 @ 54.70p
Value: £10,743
Top Director Sells
BG Group (BG.)
Director name: Mr Jurgen Dormann
Amount sold: 15,000 @ 990.00p
Value: £148,500
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