Director deals: Can Plant Health Care bounce back?

A poor trading statement due to destocking led to a slump of one-third in the Plant Health Care (LON: PHC) share price. That prompted share buying by two directors. Chairman Dr Christopher Richards bought 641,000 at 3.788p each, giving him a 1.44% stake, and James Ede-Golightly acquired 500,000 shares at 3.6218p each, taking his stake to 0.42%.

In June, James Ede-Golightly bought 310,488 shares at 9p each and Dr Christopher Richards acquired a further 500,000 shares at the same price. This was in the £28m placing. The chief executive and two other directors also bought shares.

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