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25 Nov 2021 | 15:26

Director dealings: Genus chairman makes share purchase

(Sharecast News) - Genus revealed on Thursday that chairman Iain Ferguson had acquired 1,000 ordinary shares in the FTSE 250-listed biotechnology firm. Ferguson, who was appointed to the board of Genus in July 2020, purchased the shares on Wednesday at an average price of 4,495.6p per share, for a total value of £449,560.

Separately, Ferguson's wife Catherine purchased 4,000 ordinary shares in the company at a price of 4,476.5p per share each, for a total value of £1.79m.

On Wednesday, Genus said that based on current trading, especially in China, pre-tax profits for 2022 were set to be "moderately lower" than previous expectations.

In an update for the period from 1 July to 23 November, Genus said trading in both its bovine and porcine businesses made continued progress and had met profit expectations, except in its PIC operations in China, which continued to face challenging market conditions.

As of 1615 GMT, Genus shares were up 5.59% at 4,990.0p.

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