Entertainment One Share News (ETO)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Entertainment One on Wednesday said Chief Executive Darren Throop bought shares as the Canada-based entertainment company's share price declined.

Throop bought 130,675 shares at a price of 140.37 pence per share on Tuesday. Following the transaction, he holds 10 million shares, which represents a 2.3% stake in the Peppa Pig owner.

Shares in Entertainment One have drifted steadily downwards this week, and closed at 140.90 pence on Tuesday, down 32% from its closing price of 206.50p last Friday.

The stock closed up 11% at 156.01p on Wednesday, after Entertainment One noted the recent fall in its share price and confirmed that it continues to trade in line with its full year underlying earnings expectations.

Entertainment One reiterated confidence in its target of doubling the size of its business by 2020 through "strong organic growth" and carefully targeted acquisitions.

The company recently priced its GBP285 million offering of 6.875% senior secured notes, using the proceeds to refinance its existing credit facilities in full. It noted that its refinancing provides its with greater flexibility when undertaking acquisitions and other corporate activity. However, some analysts have expressed concern at the size of the issue's coupon.
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Aureus Mining said it has closed its previously announced equity financing, raising USD12.7 million.

The proceeds were raised through the issue of 168.3 million new shares in the company at 5.0p per share and will be used to reduce outstanding creditor balances to "normal operating levels", allowing the company to acquire new equipment so it can accelerate mining at the New Liberty gold mine.

Every director of the company took up shares in the financing.

Chief Executive David Reading bought 662,471 shares to take his holding to 1.1 million shares, representing a 0.2% stake.

Non-Executive Chairman David Netherway purchased 99,172 shares to increase his holding to 431,454 shares, equating to a 0.08% stake.

Four other non-executive directors bought shares. Karin Ireton acquired 80,000 shares, pushing her holding to 167,000 shares, or a 0.03% stake.

Jean-Guy Martin bought 99,832 shares to push his holding up to 99,832 shares, representing a 0.02% stake, while Loudon Owen and Adrian Reynolds purchased 49,593 shares and 66,247 shares respectively.

Owen now holds 99,593 shares, or a 0.02% stake whilst Reynolds holds 76,247 shares which equates to a 0.01% stake.

Aureus shares closed up 5.1% to 4.60p Wednesday.
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Playtech said Non-Executive Director Paul Hewitt bought 2,524 shares in separate transaction on Tuesday. He bought 2,223 shares at GBP7.9164 and 301 shares at GBP7.9314 each. The purchases are Hewitt's only holding after being appointed in August. Shares in the gambling software company closed up 0.4% at 788.43p Wednesday.
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Brammer said European Purchasing Director Carl-Friedrich Wayand bought 12,899 shares at a price of 152 pence per share December 3. Following this transaction, Wayand holds 107,248 shares, which represents 0.0829% of the issued share capital. Shares closed up 2.1% at 155.50p Wednesday.
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Marwyn Management Partners said Non-Executive Director Ian Steer sold 40,000 shares at a price of 3.0 pence per share on Wednesday, one day after buying 20,000 shares at 3.1p each from a "non-dependent" relative. Following the transactions, he holds 94,000 shares, representing approximately 0.01% of the company's issued share capital.

"Steer intends to purchase 40,000 ordinary shares of the company after no less than thirty days," Marwyn Management Partners said in a statement.

Shares in the investment company closed down 4.0% at 3.00p Wednesday.
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Specialty chemicals company Victrex said Chairman Lawrence Pentz bought 2,000 shares at a price of 1,864 pence per share Tuesday. Following this transaction, Pentz holds 4,000 shares. Victrex on Tuesday said its pretax profit and revenue both edged higher in the year to the end of September, despite taking a hit from the weak euro, as it outlined plans for an enhanced capital-return programme. The stock closed down 3.5% at 1,825.00p Wednesday.
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Oil and gas company SacOil Holdings said Chief Financial Officer Damien Matroos bought a total of 172,413 shares on Tuesday. Matroos bought 30,000 shares at ZAR28 cents and 142,413 shares at ZAR29 cents each. The purchases are his only holding after being appointed in February. The stock closed down 2.3% at 1.05 pence Wednesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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