Sopheon directors top up stakes in software group

LONDON (ShareCast) - Three directors at Sopheon (LSE: SPE.L - news) bought shares on Thursday, showing confidence in the software developer one month after reported a full-year loss of $1.5m.

Chairman Barry Mence acquired 46,844 shares for 58.45p each, spending a total of £27,380.

Following the transaction, Mence, one of the founding members of Sopheon, holds now 1.16m shares in the group.

Furthermore, two non-executive members increased their stakes in the company with smaller purchases.

Sopheon posted in March a loss of $1.5m in 2014 from pre-tax profits of $0.5m the year before.

Revenues also declined 12% to $18.2m due to "disruption to momentum" and project delays.

Top Director Buys Inchcape (INCH) Director name: Mr Stefan Bomhard Amount purchased: 21,339 @ 831.80p Value: £177,498 Inchcape (INCH) Director name: Mr John McConnell Amount purchased: 14,556 @ 831.80p Value: £121,077 Sopheon (SPE) Director name: Mr Barry K Mence Amount purchased: 46,844 @ 58.45p Value: £27,380 Sopheon (SPE) Director name: Mr Stuart A Silcock Amount purchased: 14,639 @ 58.45p Value: £8,556 Top Director Sells Central Asia Metals (Stuttgart: 9C3.SG - news) (CAML) Director name: Mr Nigel Hurst-Brown Amount sold: 250,543 @ 175.00p Value: £438,450 Pacific Alliance Asia Opportunity Fund Ltd (PAX) Director name: Mr Richard I Webb Amount sold: 206,164 @ $1.64 Value: $338,109 Pacific Alliance Asia Opportunity Fund Ltd (PAX) Director name: Mr Anthony M Miller Amount sold: 195,302 @ $1.68 Value: $328,107 Pacific Alliance Asia Opportunity Fund Ltd (PAX) Director name: Mr Richard I Webb Amount sold: 31,594 @ $1.68 Value: $53,078