LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Alecto Minerals said Chief Executive Officer Mark Jones subscribed for 12.5 million new ordinary shares at a price of 0.08 pence per share on Wednesday, as part of the share placement the gold explorer announced last month.
Following the subscription, Jones is interested in 25.8 million shares, representing 0.58% of the company's enlarged issued share capital.
In May, Alecto said it would increase its share capital by 18.6% by conducting a share placing.
The company issued 831.3 million new shares priced at 0.08 pence each to new and existing shareholders, with the intention of raising GBP665,000 to allow work to continue at the Matala gold project in Zambia.
Shares in the gold and base metal exploration and development company closed up 5.7% at 0.0898p Wednesday.
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Vesuvius said Non-Executive Director Nelda Connors bought 9,000 shares at a price of USD4.9394 each Tuesday. Following this transaction, Connors now holds 9,693 shares. The stock closed up 0.7% at 341.20 pence Wednesday.
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Plastic piping systems manufacturer Polypipe Group said Chief Financial Officer Martin Payne bought 30,000 shares at a price of 317 pence per share on Tuesday. The purchase is Payne's only holding after being appointed in May. Payne moved to Polypipe from his role as the finance director of Norcros, the bathroom products supplier. Polypipe shares closed up 0.9% at 322.10p Wednesday.
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U & I Group said Deputy Chief Executive Richard Upton acquired 20,276 shares at 192 pence each on Tuesday. Upton now owns 2.9 million shares in the company, equivalent to a 2.33% stake. Shares in the property regeneration company closed up 0.3% at 195.00p Wednesday.
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Value and Income Trust said the wife of Non-Executive Director John Kay bought 10,000 shares at a price of 241 pence per share on Wednesday. Following this transaction, John Kay now holds 285,218 shares, which represents 0.63% stake in the trust. The stock closed up 0.8% at 242.00p Wednesday.
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Premier Veterinary Group said Non-Executive Director Iain Ross sold 200,000 shares at a price of 135 pence per share on Tuesday. Following the sale, Ross now holds 505,809 shares, which represents 3.625% of the issued share capital. The stock closed down 6.0% at 134.00p Wednesday.
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Symphony International Holdings said Director Anil Thadani, together with Coonoor Kripalani-Thadani, acquired 500,000 shares in the company on Tuesday. Thadani bought 200,000 shares at USD0.725 each, 200,000 shares at USD0.74 each and a further 100,000 shares at USD0.75 each. Following this transaction, Thadani has interest in 60.7 million shares, which represents an 11.5% stake in Symphony International. Shares in the investment company closed down 1.7% at USD0.728 Wednesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2014 Alliance News Limited. All Rights Reserved.
17 Jan 2014 13:22
UK MIDDAY BRIEFING: Royal Dutch Shell Shocks With Profit Warning
LONDON (Alliance News) - Oil giant Royal Dutch Shell shocked the market Friday by warning that its profits will be well below expectations after nearly every part of its business performed below its expectations in the fourth quarter.
The profit warning has sent its
