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Marston's non-exec tops up
Tue, 07 Feb, 2012
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Marston's non-exec tops up
Thu, 11 Dec 2008, 14:05:00
Neil Goulden, a non-executive director at brewer and pub group
Marston's
, has topped up his holding in the company with the purchase of about £85,000 in shares.
He bought 70,000 shares at 121.2p and now has 80,000.
Goulden has broad experience in the leisure sector. He is chief executive of the bingo, bookie and casino group Gala Coral and has been chief executive of the caterer Compass and the bookie chain Ladbrokes.
He is also chairman South Central NHS Ambulance Trust and a member of the Low Pay Commission.
Shares in Marstons, which earlier this year were below £1, rallied Wednesday after it agreed terms for a new banking facility that runs until 2013.
The amount of the facility will reduce from the current £400m to £295m in August 2010, in line with the group's requirements. The amount drawn under the current facility as at 4th October 2008 was approximately £240m.
The previous week Wolverhampton-based Marston's, which runs tenanted pubs and whose brands include Martson's Burton Bitter, bucked the sector trend and maintained its final dividend despite lower full year profits and continued tough trading in the current year.
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