LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Debenhams said Ian Cheshire bought his first shares in the company after the department store chain appointed him as its chairman elect on Thursday.
Cheshire marked his arrival at the FTSE 250 listed constituent with a 400,000 share purchase at 78.3p each, which is his only holding.
He will take over the chairmanship from Nigel Northridge on April 7. He was previously the chief executive of Kingfisher from 2008 to February 2015, when he handed over to incumbent Veronique Laury. In addition, Cheshire was formerly Chairman of the British Retail Consortium.
The company also said Chief Financial Officer Matt Smith bought 25,000 shares at 77.2852p each. He now holds 53,000 shares.
Both purchases took place on Thursday.
On Tuesday, Debenhams defied the trend of struggling clothing retailers by becoming the first of its London-listed peers to post better-than-expected sales results over the key Christmas period.
The stock closed up 1.7% at 77.60p Friday.
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M&C Saatchi said Non-Executive Director Michael Dobbs bought 4,850 shares at a price of 310 pence per share Thursday.
The purchase is his only holding after being appointed in December.
Dobbs, was a former advisor to Margaret Thatcher and Conservative Party chief of staff, as well as deputy chairman under John Major. He is a political novelist and best selling author, writing acclaimed thriller House of Cards, on which the US television show of the same name was based. Dobbs also has been a current affairs presenter for the BBC was a columnist for the Mail on Sunday and Daily Express.
M&C Saatchi was created by brothers Maurice and Charles Saatchi after leaving the advertising agency Saatchi & Saatchi, which they had founded in 1970. M&C Saatchi were behind the advertising campaign that led to a victory for the Conservative party in the 2015 UK general election.
Shares in the advertising agency group closed flat at 302.00p Friday.
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De La Rue said Non-Executive Director Sabri Challah bought 3,400 shares at a price of 439.75 pence per share Thursday. The purchase is Challah's only holding after joining the banknote printer in July last year. The stock closed 2.1% lower at 432.00p Friday.
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Big Yellow Group said Corin Cotton, the wife of Richard Cotton a non-executive director, purchased 5,000 shares on Thursday at an average price of 751 pence per share. Following this transaction, Richard Cotton's beneficial interest increased to 73,485 shares representing 0.05% of the issued share capital. Shares in the self-storage company closed down 1.1% at 754.00p Friday.
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Rosslyn Data Technologies said Hugh Cox, a co-founder of the company, bought 30,000 shares at a price of 13.5 pence per share on Friday. Following this transaction, Cox holds 9.7 million shares, which represents 12.8% stake in the cloud-based enterprise data analytics company. The stock closed down 3.9% at 13.5p Friday.
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Braveheart Investment Group said Chief Executive Officer Trevor Brown acquired 265,701 shares from Andrew Burton, a director, at a price of 7.5p per share on Friday. Following this transaction, Brown holds 7.8 million shares, which represents 28.85% stake and Burton holds 659,460 shares or 2.44% of issued shares. Shares in the investment manager closed down 1.9% at 7.36p Friday.
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Henry Boot on Friday said Chief Executive Officer John Sutcliffe sold 5,000 shares to his adult daughter, Isabelle Rose Sutcliffe, at a sale price of 215.25 pence per share on Thursday.Following this transaction, Sutcliffe has a total beneficial interest of 505,445 shares representing 0.383% of the issued share capital.
Shares in the land and property investor closed up 4.7% at 228.25p Friday.
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Aquatic Foods Group said Non-Executive Director Jonathan Quirk bought 25,000 shares at a price of 22.50 pence per share on Thursday. Following this transaction, Quirk holds a total of 75,000 shares, representing approximately 0.07% of the issued share capital. The stock closed untraded at 20.00p Friday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
1 Dec 2020 09:06
Debenhams to be wound down as JD Sports ends rescue talks
(Sharecast News) - It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green's Arcadia retail group went into administration.
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