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New Sinclair Pharma boss invests £822,000
Wed, 08 Feb, 2012
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New Sinclair Pharma boss invests £822,000
Wed, 13 Jan 2010, 17:05:00
<b>Sinclair Pharma</b>'s new chief executive and two non-executive directors all increased their shareholdings after the specialist pharma company's recent fundraising. Sinclair raised £18.2m - £16m after expenses - at 32p a share to finance the purchase of Flammazine and Flammacerium, which are creams to prevent infections in burns, from Solvay. Sinclair paid €17.5m to Solvay for the two products, which generate annual revenues of more than £9m. Chief executive Chris Spooner has invested nearly £822,000 in the shares at 32p each. He increased his stake from 3.85m shares to 6.42m shares, which gives him 4% of the company. Jean-Charles Tschudin invested £60,799 and chairman Grahame Cook invested £32,000. Cook owns 700,000 shares and Tschudin 632,388 shares. Godalming-based Sinclair is quoted on the Main Market and Euronext Paris. It specialises in dermatology and oral health products. <b>Top Director Buys</b> Sinclair Pharma (SPH) Director name: Mr Chris Spooner Amount purchased: 2,568,140 @ 32.00p Value: £821,805 Sinclair Pharma (SPH) Director name: Mr Jean-Charles Tschudin Amount purchased: 189,997 @ 32.00p Value: £60,799 The Capital Pub Company (CPUB) Director name: Mr Clive Watson Amount purchased: 50,000 @ 71.00p Value: £35,500 Sinclair Pharma (SPH) Director name: Mr Grahame Cook Amount purchased: 100,000 @ 32.00p Value: £32,000 Game Group (GMG) Director name: Ms Ishbel Jean Stewart Macpherson Amount purchased: 20,000 @ 99.69p Value: £19,938 Baillie Gifford Shin Nippon (BGS) Director name: Mr Iain McLaren Amount purchased: 10,000 @ 117.89p Value: £11,789 <b>Top Director Sells</b> Blackstar Group (BLCK) Director name: Mr Julian Treger Amount sold: 250,000 @ 52.00p Value: £130,000 Dairy Farm International (Singapore) (DFI) Director name: Mr Ronald J Floto Amount sold: 20,900 @ $6.16 Value: $128,821 Topps Tiles (TPT) Director name: Mr Nick D Ounstead Amount sold: 100,000 @ 92.50p Value: £92,500
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