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DIRECTOR DEALINGS: Wilmington Non-Executive Asplin Buys Shares

LONDON (Alliance News) - Wilmington PLC on Wednesday said Non-Executive Mark Asplin bought ...

Alliance News 13 September, 2017 | 4:36PM
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LONDON (Alliance News) - Wilmington PLC on Wednesday said Non-Executive Mark Asplin bought 30,000 shares at an average of 215.00 pence each.

Following this, Asplin holds 71,390 shares, representing a 0.08% stake in the company.

Earlier Wednesday, the company said it turned to profit in its recent financial year, though organic revenue decreased as existing problems surrounding its AMT financial training services persisted.

Wilmington - which provides information, education and networking services to various financial and legal industries - said revenue for the year to the end of June rose 14% to GBP120.3 million from GBP105.7 million a year earlier, but organic revenue was down 0.8% as growth was offset by "issues" at its AMT financial training services.

The firm turned to a pretax profit of GBP15.9 million from a loss of GBP3.4 million a year earlier. Wilmington had booked the loss in the prior financial year due to a GBP15.7 million goodwill impairment in its Legal division amid "structural challenges", having reported a GBP10.3 million profit the year before.

Shares in Wilmington closed down 7% to 214.00p on Wednesday.

By Karolina Kaminska; karolinakaminska@alliancenews.com; @KarolinaAllNews

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Wilmington PLC 223.25 GBX -2.93 -
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