Director dealings: Crozier ups Whitbread stake as Premier Inn prepares German expansion

By Iain Gilbert

Date: Wednesday 14 Nov 2018

Director dealings: Crozier ups Whitbread stake as Premier Inn prepares German expansion

(Sharecast News) - Whitbread chairman Adam Crozier purchased 2,000 ordinary shares in the FTSE 100-listed Premier Inn operator.
Crozier, who joined Whitbread from ITV back in 2017, acquired the shares at an average price of 4,561.00p, for a total value of £91,220.

Last month, Whitbread announced a major push into the German hotels market following the sale of its Costa Coffee business to Coca-Cola.

Whitbread chief executive Alison Brittain said the company would pour much of the proceeds of its £3.9bn sale of Costa into expanding its hotels business. She also revealed a "significant proportion" of the cash would be returned to shareholders.

The company intends to increase Premier Inn's presence in Germany, where it currently has just one hotel in Frankfurt, with more hotels to open in Munich and Hamburg in the coming months. It intends to have a total of 33 hotels with 6,000 rooms in Germany by 2021 - making it one of the biggest budget hotel operators in the country.

As of 1630 GMT, Whitbread shares had picked up 2.17% to 4,671p.

Top Director Buys

Whitbread (WTB)
Director name: Crozier,Adam
Amount purchased: 2,000 @ 4,561.00p
Value: £91,220.00

Gocompare.com Group (GOCO)
Director name: Crummack ,Matthew
Amount purchased: 63,604 @ 78.61p
Value: £49,999.10

Volex (VLX)
Director name: Rothschild,Nathaniel
Amount purchased: 50,000 @ 87.70p
Value: £43,850.00

Halfords Group (HFD)
Director name: Woodhouse,Loraine
Amount purchased: 8,321 @ 298.80p
Value: £24,863.15

Symphony International Holdings Ltd. (SIHL)
Director name: Thadani,Anil
Amount purchased: 20,325 @ 68.97p
Value: £17,802.14

Volex (VLX)
Director name: Morris,Daren
Amount purchased: 10,416 @ 89.00p
Value: £9,270.24

Ariana Resources (AAU)
Director name: Villiers,Michael de
Amount purchased: 600,000 @ 1.37p
Value: £8,249.40

Ariana Resources (AAU)
Director name: Sener,Kerim
Amount purchased: 600,000 @ 1.33p
Value: £7,950.00

Schroders (SDR)
Director name: Keers,Richard
Amount purchased: 10 @ 2,588.28p
Value: £258.83

Schroders (SDR)
Director name: Harrison ,Peter
Amount purchased: 10 @ 2,588.28p
Value: £258.83

Sthree (STHR)
Director name: Smith,Alex
Amount purchased: 63 @ 300.00p
Value: £189.00

Sthree (STHR)
Director name: Elden,Gary
Amount purchased: 62 @ 300.00p
Value: £186.00

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