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Director dealings: Tandem chairman offloads 15,000 shares

Fri 11 June 2021 16:16 | A A A

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(Sharecast News) - Tandem Group revealed on Friday that chairman Stephen Grant had disposed of 15,000 ordinary shares in the AIM-listed sports and leisure products retailer.

Grant, who was the group's chief executive between 2010 and 2020, sold the shares on Thursday at an average price of 600.0p each, for a total value of £90,000.

Earlier in June, Tandem Group said that trading had "remained robust" since February albeit against a much stronger prior year comparative, with group-wide revenues up 24% year-on-year.

Tandem said business-to-business revenues between in the five months ended 31 May from its sports, leisure and toy ranges were approximately 32% higher of year-on-year, driven by increased FOB national retailer business and growth in its own-brand products being materially ahead of the prior year.

As of 1615 BST, Tandem shares were untraded at 610.0p.

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