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Director dealings: Burberry CEO splashes out £1.2m on company's shares
Marco Gobbetti, chief executive of iconic fashion house Burberry, upped his stake in the London-listed fashion house by 60,000 ordinary shares on Wednesday.
Gobbetti, who has held the reins at Burberry since he succeeded previous CEO Christopher Bailey back in July 2017, purchased the shares at an average price of 2,001.85p each for a total of £1.2m.
The news followed Burberry's announcement earlier in the month that it would buy back another £150m-worth of stock after the British luxury brand ended its financial year with more than £800m of net cash and reported profits ahead of expectations.
Gobbetti said he was "pleased" with the company's performance "as we begin to execute our strategy" of pushing the brand further upmarket.
As of 1545 BST, Burberry shares had collected 1.18% to 2,018p.
Top Director Buys
Burberry Group (BRBY)
Director name: Mr Marco Gobbetti
Amount purchased: 60,000 @ 2,001.85p
Value: £1,201,110
Associated British Foods (ABF)
Director name: Mr John Bason
Amount purchased: 30,000 @ 2,699.00p
Value: £809,700
Standard Life Aberdeen (SLA)
Director name: Mr Gerhard Fusenig
Amount purchased: 40,000 @ 350.00p
Value: £140,000
Renold (RNO)
Director name: Mr Ian Scapens
Amount purchased: 189,580 @ 26.37p
Value: £49,992
Entertainment One Limited (ETO)
Director name: Mr Robert McFarlane
Amount purchased: 14,224 @ 288.91p
Value: £41,095
Barr (A.G.) (BAG)
Director name: Mr Stuart Lorimer
Amount purchased: 4,293 @ 698.81p
Value: £30,000
Scapa Group (SCPA)
Director name: Mr Richard John Perry
Amount purchased: 6,600 @ 442.45p
Value: £29,202
Scapa Group (SCPA)
Director name: Mr Richard John Perry
Amount purchased: 4,710 @ 442.45p
Value: £20,839
Trufin (TRU)
Director name: Ms Penelope Ruth Judd
Amount purchased: 9,266 @ 224.38p
Value: £20,791
Barr (A.G.) (BAG)
Director name: Mr Stuart Lorimer
Amount purchased: 2,871 @ 692.67p
Value: £19,887
Top Director Sells
Associated British Foods (ABF)
Director name: Mr John Bason
Amount sold: 30,000 @ 2,703.00p
Value: £810,900
Scapa Group (SCPA)
Director name: Mr Richard John Perry
Amount sold: 6,600 @ 442.20p
Value: £29,185
Scapa Group (SCPA)
Director name: Mr Richard John Perry
Amount sold: 4,710 @ 442.20p
Value: £20,828
Trufin (TRU)
Director name: Ms Penelope Ruth Judd
Amount sold: 9,286 @ 224.00p
Value: £20,801