Telecom Plus chairman raises stake following SSE's cut in gas prices

The chairman and two directors in Telecom Plus bought new shares in order to show confidence in the business on the same day it was hit by cuts in gas prices by rival SSE.Charles Wigoder, who has been chairman in the gas, electricity and mobile services group for 27 years, purchased 25,000 shares at an individual price of 985p, spending a total of £246,250. He now holds 16.026m shares.Other two directors, Julian Schild and Melvin Lawson, also bought 25,000 each for the same price. Schild holds now 158,682 shares and Lawson currently has 2.089m shares in Telecom.The company was one of the top fallers on Monday with shares down by 5.2% following news that energy supplier SSE will cut by 4.1% its gas prices from 30 April. Gas prices will be capped at their new level, and household electricity prices at their existing level, until at least July 2016.Top Director BuysTelecom Plus (TEP) Director name: Mr Melvin LawsonAmount purchased: 25,000 @ 985.00p Value: £246,250Telecom Plus (TEP) Director name: Mr Julian SchildAmount purchased: 25,000 @ 985.00p Value: £246,250Telecom Plus (TEP) Director name: Mr Julian SchildAmount purchased: 25,000 @ 985.00p Value: £246,250Telecom Plus (TEP) Director name: Mr Charles WigoderAmount purchased: 25,000 @ 985.00p Value: £246,250Lamprell (LAM) Director name: Mr John KennedyAmount purchased: 185,618 @ 106.80p Value: £198,240Lamprell (LAM) Director name: Mr John KennedyAmount purchased: 55,291 @ 107.44p Value: £59,405Intercede Group (IGP) Director name: Mr Ian Ashley DrewAmount purchased: 26,000 @ 114.00p Value: £29,640Intercede Group (IGP) Director name: Mr Ian Ashley DrewAmount purchased: 26,000 @ 114.00p Value: £29,640FirstGroup (FGP) Director name: Mr John McFarlaneAmount purchased: 10,550 @ 107.80p Value: £11,373Premier Foods (PFD) Director name: Mr Charles Miller SmithAmount purchased: 25,000 @ 40.00p Value: £10,000Top Director SellsExperian (EXPN) Director name: Mr Brian Cassin Amount sold: 8,630 @ 1,156.93p Value: £99,843