Sage chairman shows support for new CEO

6th Aug 2014 17:01

After the confirmation that Stephen Kelly was to succeed Guy Berruyer as chief executive officer of Sage chairman Donald Brydon proved his confidence in the appointment with the purchase of £55,755 shares at 371.5p.The shares had peaked earlier in the year around 435p, with the stock price drifting since Berruyer announced his retirement. Broker Panmure was glowing in its recommendation of Kelly, saying the company has been able to attract a recognised 'global IT executive' who can accelerate growth. "Good times ahead."Top Director Buys on WednesdayPoundland Group (PLND) Director name: Mr Darren M ShaplandAmount purchased: 20,000 @ 323.00p Value: £64,600Sage Group (SGE) Director name: Mr Donald H BrydonAmount purchased: 15,000 @ 371.70p Value: £55,755Fenner (FENR) Director name: Mr Richard John PerryAmount purchased: 10,000 @ 335.61p Value: £33,561Unilever (ULVR) Director name: Mr Byron Elmer GroteAmount purchased: 500 @ 2,538.09p Value: £12,690Brammer (BRAM) Director name: Mr Paul ThwaiteAmount purchased: 4,220 @ 438.61p Value: £18,509Fenner (FENR) Director name: Mr Richard John PerryAmount purchased: 5,000 @ 323.87p Value: £16,194Intu Properties (INTU) Director name: Mr John Whittaker Amount purchased: 4,000 @ 322.39p Value: £12,896Scapa Group (SCPA) Director name: Mr James A S WallaceAmount purchased: 10,000 @ 128.62p Value: £12,862OH