(Correcting that Virgin Money's Marsh sold shares rather than bought shares.)
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Equiniti Group said four of its senior executives bought shares at 162 pence each on Tuesday as the company reported a loss in its maiden results.
Chief Executive Officer Guy Wakeley and Chief Financial Officer John Stier each bought 25,000 shares. The purchases takes their holdings to 1.3 million and 772,945 shares, respectively.
Director of Strategy and Business Development David Beresford bought 6,143 shares and now holds 230,526 shares. While Paul Matthews, an executive director for corporate markets, bought 12,286 shares and now holds 252,491 shares.
Equiniti Group, a UK outsourcing and technology company, on Tuesday reported a loss in 2015, its maiden set of annual results since becoming a publicly listed company, due to the costs of its initial public offering and debt.
Pretax losses widened to GBP71.7 million in 2015 from GBP38.6 million in 2014, Equiniti said in a statement, as the company declared a dividend of 0.68 pence per share, representing an equivalent full-year dividend of 4.08p per share.
Equiniti maintained the guidance set out at the time of its IPO in October.
The stock closed up 2.4% at 154.50p Tuesday.
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Software provider dotdigital Group said four of its directors sold a total of 3.6 million shares, "in order to satisfy strong demand from institutional investors," on Monday.
The shares were sold at 42.29 pence a share, valuing the sale at around GBP1.5 million gross.
Chief Operating Officer Ian Taylor sold 2.5 million shares, leaving him with 36.8 million shares or a 12.5% stake.
Non-Executive Director Peter Simmonds sold 600,000 shares and now holds 4.0 million shares, or a 1.36% stake.
Interim Chief Executive Officer and Chief Financial Officer Milan Patel sold 400,000 shares, decreasing his holding to 1.6 million shares.
Chairman Frank Beechinor sold 100,000 shares and now holds 199,194 shares.
The stock was closed 2.3% at 42.00p Tuesday.
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STV Group said Non-Executive Director Anne Marie Cannon bought 9,042 shares at a price of 440 pence per share Tuesday. The purchase is Cannon's only holding. Shares in the production and broadcasting closed up 4.7% at 445.00p Tuesday.
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Microchip designer ARM Holdings said Chief Marketing Officer Ian Drew sold 60,000 shares at a price of 983.50 pence per share Tuesday. Following this transaction, Drew now holds 60,181 shares. The stock closed down 2.1% at 985.15p Tuesday.
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St Modwen Properties said Senior Independent Director Richard Mully bought 10,000 shares at 300.00 pence per share Monday. Following the purchase, Mully holds 60,000 shares. Shares in the property company closed down 2.2% at 293.30p Tuesday.
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WPP said Chairman Roberto Quarta bought 2,800 shares at a price of 1,558 pence per share Monday. Following this transaction, Quarta holds a total of 21,800 shares. The advertising giant also said Non-Executive Director Charlene Begley bought 228 American Depositary Receipts at USD109.9981 per ADR. She now holds 428 ADRs, equivalent to 2,140 ordinary shares. One ADR equals 5 ordinary shares. Having published its annual results on Friday, WPP on Tuesday provided a brief update on its February trading, saying revenue and net sales grew in the month. WPP said its like-for-like revenue growth and net sales growth were both "well over" 3.0%, without providing any further details. The stock closed down 0.4% at 1,541.78p Tuesday.
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FTSE 250 lender Virgin Money Holdings said Director of Culture Caroline Marsh sold 18,704 shares at a price of GBP3.7719 on Monday. Her total shareholding was undisclosed. The stock closed down 1.1% at 373.00p Tuesday.
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IT services company Kainos Group said Non-Executive Director Christopher Cowan bought 10,000 shares at a price of 198.85 pence per share Monday. Following this transaction, Cowan owns 31,582 ordinary shares in the issued share capital of the company, constituting 0.03% of the issued share capital. The stock closed down 1.5% at 194.25p Tuesday.
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Two executives at online takeaway delivery company Just Eat sold shares in the business on Friday, the firm said on Friday. Chief Executive David Buttress and Chief Financial Officer Mike Wroe both sold shares held personally and those held in their Joint Share Ownership Plans. Buttress sold 1.7 million shares held personally and 1.5 million shares under the plan, while Wroe sold 757,945 shares held personally and 931,078 held under the plan. All shares sold by the pair were priced at 393.0788 pence. The sales leave Buttress with 500,000 Just Eat shares, while Wroe holds 350,000. Just Eat has 675.6 million shares in issue. Shares in Just Eat closed down 0.1% to 383.00p on Tuesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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