LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Gaming company Bwin.party Digital Entertainment said Non-Executive Chairman Philip Yea bought 100,000 shares at a price of 106.40 pence per share.
Following this transaction, Yea holds 361,857 shares, which represents 0.04% stake in the firm.
The company also said Non-Executive Director Barry Gibson bought 50,000 shares at a price of 105.57 pence per share.
The purchase is his only holding after being appointed in March.
Last week, the drawn-out saga for Bwin's ownership came to a close as GVC Holdings secured a recommendation for its takeover bid, forsaking the agreement previously reached with 888 Holdings and prompting 888 to withdraw from the tussle.
GVC said the Bwin board agreed to its takeover offer of 25 pence in cash and 0.231 GVC shares per Bwin share, valuing the FTSE 250-listed gaming company at around GBP1.12 billion, or 129.64 pence per share. The offer will include a 'mix and match' facility, so that Bwin shareholders will be able to elect to vary the proportions of cash and new GVC shares they receive. Following completion, Bwin shareholders will own about 66.6% of the enlarged group.
The stock closed up 2.3% at 106.60p Tuesday.
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Telit Communications said Chairman Enrico Testa sold 500,000 shares at a price of 345 pence per share Tuesday in order to settle a personal tax liability. The deal is worth about GBP1.7 million before expenses. Following this transaction, Testa now holds 1 million shares, which represents 0.87% of the issued share capital. Shares in the communications technology company closed up 0.3% at 344.00p Tuesday.
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Aukett Swanke Group said Deputy Chairman David Hughes and Nick Pell, a director, sold 95,933 and 400,000 shares respectively at a price of 5.6 pence per share Monday. Following this transaction, Hughes and Pell hold 3.0 million and 1.8 million shares respectively. These represent beneficial interests of 1.8% and 1.1% of the issued share capital. Shares in the architecture company closed down 5.7% at 6.25p Tuesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
2 Feb 2016 08:52
