LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Countryside Properties said a group consisting of executives and non-executives acquired shares at 225 pence each through the intermediary offer last Friday, as the group's shares began trading on Wednesday.
Chairman David Howell acquired 17,000 shares and non-executive directors Richard Adam, Amanda Burton and Sally Morgan acquired 9,445, 9,823, and 9,444 shares respectively.
Graham Cherry, chief executive of the new homes and communities division, acquired 7,555 shares.
The housebuilder and regeneration company made its debut on the London Main Market, with the initial public offering price set at 225.00p, giving the property group a market capitalisation around GBP1.01 billion upon admission.
Countryside raised around GBP304.0 million from the IPO. The company received net proceeds of around GBP114.0 million, GBP64.0 million of which will be used to pay down debt and GBP50.0 million of which will be used to accelerate growth in the development of existing assets. Investment manager Oaktree Capital Management and other selling shareholders will receive gross proceeds of GBP174.0 million from the offer.
The stock closed up 1.0% at 238.36p.
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Housebuilder Telford Homes said Land Director James Furlong bought 20,000 shares at 332.5p each on Wednesday. Following the purchase, Furlong holds in 1.3 million shares representing a 1.79% stake. The stock closed up 5.9% at 344.00p.
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mporium Group said Chairman Nigel Walder bought 102,154 shares at 9.75p each. He now holds 8.3 million shares, equal to a 1.77% stake. Shares in the the mobile commerce company closed up 1.3% at 9.75p.
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Insurer Helios Underwriting said Chief Executive Nigel Hanbury bought 37,292 shares in the company at a price of 187.5p per share Wednesday. Hanbury is now interested in 1.4 million shares, which equals 13.06% stake. The stock closed down 3.5% at 181.00p.
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Tungsten Corp said Chairman Nicholas Parker bought 50,000 shares at 65.27p per share Tuesday. He now holds 300,000 shares. Shares in the electronic invoicing, analytics and financing company closed up 3.7% at 66.61p.
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CityFibre Infrastructure Holdings said Non-Executive Director Gary Mesch sold 250,000 shares at 50.0p each on Tuesday. Following the sale, Mesch holds 2.2 million shares, equal to a 0.85% stake in the group. Shares in the fibre optic network operator and designer closed down 7.6% at 51.75p.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
11 Nov 2022 11:56
IN BRIEF: Vistry completes takeover of Countryside Partnerships
Vistry Group PLC - Kent, England-based housebuilder - Completes GBP1.25 billion acquisition of Essex-based operative builders company Countryside Partnerships PLC. On Thursday, High Court of Justice in England & Wales sanctioned the takeover, with Countryside shares being suspended since Friday morning. Vistry applies to admit 127.4 million new shares on the premium listing segment of the official list and to trading on the London Stock Exchange's main market. It expects trading to take place on Monday morning. Vistry stays in the FTSE 250 following the takeover.
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