LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Driver Group said Chief Executive Officer Dave Webster acquired 200,000 shares at a price of 68.75 pence per share Tuesday.
Following this transaction, Webster holds 2.3 million shares, which represents a 7.26% stake.
The company on Tuesday said it has seen robust trading in the second half of its financial year to the end of September, boosted by organic growth and by the acquisition of UK construction management business Initiate Consulting in December 2014.
Shares in the management and advisory consultancy to the construction sector closed up 12% at 82.00p Wednesday.
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Ovoca Gold said Chief Executive Officer Kirill Golovanov bought 11.7 million shares at a price of 4.95 pence per share Tuesday. The purchase is his only holding.
Golovanov purchased the shares from Salyco Trading Co Ltd, a company connected to Mikhail Mogutov, chairman of Ovoca. Following the transaction, worth GBP579,150, Salyco and Mogutov no longer have any interest in the ordinary shares of the company.
Shares in the gold miner closed untraded at 5.18p Wednesday.
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Health and community care property company Ashley House said Non-Executive Director John Moy bought 500,000 shares at a price of 9.94p per share on Wednesday. Following this transaction, Moy holds 4.5 million shares, which represents a 7.72% stake in the firm. The stock closed up 0.4% at 10.19p Wednesday.
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Starcom said Chief Executive Officer Avi Hartmann, Chief Technology Officer Uri Hartmann and Chief Operating Officer Doron Kedem each agreed to sell 355,500 shares in an off-market transaction at 4.25p per share. The company did not specify when the deal took place. The directors each hold 19 million shares after the sale. Shares in the wireless solutions developer closed up 24% at 3.72p Wednesday.
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Northgate said Chairman Andrew Page bought 5,000 shares at a price of 449.64p per share Tuesday. The purchase is his only holding in the company. Shares in the van hire and leasing company closed down 0.7% at 446.55p Wednesday.
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Roxi Petroleum said Non-Executive Director Edmund Limerick and his wife each purchased 50,000 shares at a price of 9p per share Tuesday. Following this transaction, Limerick now holds 50,000 shares and his wife holds 605,000 shares. This combined holding represents 0.07% of the issued share capital. Shares in the Central Asian oil and gas company closed up 5.7% at 9.77p Wednesday.
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Advance Frontier Markets Fund said Non-Executive Director John Whittle bought 11,000 shares at a price of 51.49p per share Wednesday. The purchase is his only holding in the company. The stock closed up 2.3% at 52.55p Wednesday.
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JPMorgan US Smaller Companies Investment Trust said Chairman Davina Walter bought 6,316 shares at a price of 179 pence per share Tuesday. Following this transaction, Walter holds 79,916 shares, which represents 0.14% stake in the trust. The stock closed up 0.8% at 179.50p Wednesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
IN BRIEF: Driver expects half-year revenue and profit drop
Driver Group PLC - Lancashire, England-based provider of consultancy services to the construction and engineering industries - Expects to report revenue for the six months ended March 31 of GBP22.5 million, down 7.0% from GBP24.2 million the year before. Says it will also report an underlying pretax profit of around GBP600,000, down 14% from GBP700,000 a year prior. Looking ahead, says it continues to perform well across the UK and Europe. Key focus remains the delivery of its transformation strategy. Chief Executive Officer Mark Wheeler says: "I am pleased to see our strategy delivering improved performance in both [Asia Pacific] and the Middle East, which have both returned to profit. Management have acted promptly in resolving the challenges in North America, and our UK and European regions continue to perform well. I believe the group is therefore well-placed to move forward positively into [the second half of financial 2024]." Driver is set to publish results for the first half of its financial year on June 12.
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