LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Arrow Global Group said Chief Executive Tom Drury, Chief Financial Officer Robert Memmott and other executives, together with an unnamed institutional investor, sold GBP27.5 million of shares in the debt manager. The 11 million shares were sold at 250 pence apiece overnight Monday to Tuesday. They represent a combined stake of 6.3%.
Senior executives Drury and Memmott, along with other executives and an unnamed institutional investor, sold GBP27.5 million of shares in the debt manager. The 11 million shares were sold at 250 pence apiece overnight Monday to Tuesday. They represent a combined stake of 6.3%.
Drury sold 956,430 shares, leaving him with a 1.97% stake in the company, as Jane Drury, a person connected to him, sold 956,431 shares to be left with a matching stake.
Memmott sold 642,340 shares to be left with a 0.70% stake, while Heather Memmott, a person connected to him, sold 5,000 shares to be left with a 0.64% stake.
Zachary Lewy, founder and chief investment officer, sold 1.6 million shares, leaving him with a 3.36% stake.
Stewart Hamilton, general counsel and company secretary, sold 64,879 shares, while Leah Hamilton, a person connected to him, sold 20,000 shares, leaving them with a combined 0.07% stake.
Together, they sold 4.2 million shares in Arrow Global, equivalent to GBP10.6 million at the sale price. Drury, Memmott and Lewy have agreed to wait at least 180 days before selling further shares.
Other employees, former employees and their connected persons sold 3.2 million shares under the placing, with a further 3.6 million shares sold by an institutional investor, all at the same price.
Later Tuesday, Arrow also said one of its non-executive board members bought shares. Non-Executive Director Lan Tu bought 19,800 shares at the same price of 250p each on Tuesday. She now holds 23,309 shares in Arrow and joined the company in March.
Arrow closed down 9.5% at 245.92p Tuesday.
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Empresaria Group said it has raised GBP3.3 million through a share placing to help fund the acquisition of US specialist recruitment group PS for an expected USD12.1 million.
The GBP3.3 million was raised through the issue of 4.5 million new shares in an accelerated bookbuild run by Arden Partners at 75 pence each, a 12% discount to the prior day's closing price.
Non-Executive Chairman Anthony Martin subscribed for 1 million shares, taking his total holding to 13.9 million shares, representing 28% of the company's issued share capital.
The stock closed down 3.6% at 82.45p Tuesday.
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Merlin Entertainment said Chief New Openings Officer John Jakobsen sold 250,000 shares at a price of 379.83 pence per share Monday. The deal is worth about GBP947,500 gross. Following this transaction, Jakobsen holds 1.2 million shares, which represents a 0.114% stake. Shares in the theme park and attractions operator closed down 0.6% at 379.20p Tuesday.
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Microsaic Systems said Chairman Colin Nicholl bought 50,000 shares at a price of 27.65 pence per share Monday. Following this transaction, Nicholl holds 3.3 million shares, which represents 5.2% of the issued share capital. The company also said Non-Executive Director Eric Yeatman on Monday bought 18,000 shares at the same price. He holds 3.3 million shares. Shares in the technology company closed up 3.6% at 28.50p Tuesday.
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Polar Capital Technology Trust said Senior Independent Director Rupert Montagu bought 4,000 shares at a price of 546.5 pence per share Monday. Following this transaction, he holds 19,500 shares, which represents 0.014% stake in the trust. The stock closed up 0.6% at 553.00p Tuesday.
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Witan Investment Trust said Non-Executive Director Robert Boyle bought 1,986 shares at a price of GBP7.6249 each Monday. Following this transaction, Boyle now holds 52,406 shares. The stock closed flat at 766.83p Tuesday.
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Monks Investment Trust said Non-Executive Director Jeremy Tigue bought 12,519 shares at a price of 397.40 pence per share on Tuesday. Following this transaction, Tigue holds 40,731 shares, which represents 0.019% stake in the trust. The stock closed down 0.2% at 394.05p Tuesday.
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Value and Income Trust said Non-Executive Director John Kay bought 9,004 shares at a price of 247.67 pence per share Tuesday. Following this transaction, Kay holds 225,218 shares, which represents 0.49% stake in the trust. The stock closed up 0.4% at 247.25p Tuesday.
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Ovoca Gold said Chief Executive Officer Kirill Golovanov bought 4.6 million shares at a price of 5.4 pence per share by way of an off-market transaction Monday. Golovanov purchased the ordinary shares from Trikeri Investments. Following this transaction, Golovanov holds 16.3 million shares, or 18.4% of Ovoca's issued share capital. Trikeri no longer has any interest in the ordinary shares of the company. Shares in the gold miner closed untraded at 5.62p Tuesday.
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Porta Communications said that Chief Executive Officer David Wright bought 714,285 shares at 7p each on Monday. Following the transaction, Wright is beneficially interested in 4.1 million shares in Porta, representing 1.46% of the issued share capital. The company also said Finance Director Eugene Golembiewski bought 643,000 shares at the same price Monday. He now holds 1.4 million shares or 0.51% of the share capital. Shares in the marketing and communications business closed up 11% at 7.88p Tuesday.
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Fishing Republic said Finance Director Robert Tippett bought 29,239 shares at a price of 17.1 pence per share Monday. Following this transaction, Tippett holds 97,989 shares, representing 0.41% of the total issued share capital. Shares in the fishing tackle retailer closed flat at 17.00p Tuesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
11 May 2016 07:57
