LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday and late on Wednesday.
----------
UK regional airline Flybe Group said Executive Chairman Simon Laffin bought shares in the business on Wednesday.
Laffin bought 191,404 shares at 39.98 pence per share, increasing his overall stake by 66% to 479,404 shares, or a 0.2% stake in the business.
He bought the shares the same day Flybe reported a big fall in pretax profit for the half to the end of September, despite revenue rising. Flybe expressed confidence on its outlook to continue growing revenue.
Shares in Flybe closed up 6.3% to 38.92p on Thursday.
----------
IT services firm Computacenter said Chairman Gregory Lock bought shares in the company on Tuesday and again on Wednesday.
On Tuesday, Lock acquired an aggregate 27,395 shares at 720.5 pence. Rosemary Lock, a person closely associated to the non-executive chairman, also acquired 3,605 shares at the same price.
On Wednesday, Lock bought 12,500 shares at 719.00 pence per share, making the transaction worth just shy of GBP90,000. His holding after the transaction was not provided.
Computacenter shares closed down 1.0% to 718.00p on Thursday.
----------
Agribusiness and ingredients supplier Tate & Lyle said Chief Executive Javed Ahmed and his wife, Talat, jointly bought shares in the company on Wednesday.
The Ahmeds bought a total of 30,000 shares at 660.00 pence per share, raising CEO Ahmed's beneficial holding to 3.1 million shares. The transaction was worth GBP198,000. Tate & Lyle shares closed up 2.2% to 673.33p on Thursday.
Last week, Tate & Lyle reported higher sales and profit in the first half of its financial year and said profit for the full year, to March 2017, will be higher than expected following the strong first half.
----------
Collagen products manufacturer Devro said its chief executive has bought shares in the company after it issued a profit warning for 2017. Devro CEO Peter Page, on Thursday, bought 8,300 shares at 180.68 pence per share and later bought a further 15,000 shares priced at 178.0p.
Devro Non-Executive Paul Neep also upped his stake and purchased 4,000 shares on Thursday at 189.4686p each. The company did not reveal what stake either director held after the transactions.
Devro shares closed down 17% to 186.75p on Thursday. The company said sales volumes in 2017 are set to fall around 10% and, as it works to mitigate under-utilisation in its capacity from its volume decline, its underlying operating profit will be below previous expectations.
----------
A number of directors at waste management company Shanks Group took part in its rights issue, launched to fund the purchase of Dutch waste collection and recycling company Van Gansewinkel Groep.
Chairman Colin Matthews bought 37,500 shares, Non-Executive Director Stephen Riley 7,500 shares and Chief Executive Peter Dilnot 4,623 shares. Alice Dilnot, who is "closely associated with Peter Dilnot", bought 31,203 shares. Chief Financial Officer Toby Woolrych took up rights equal to 12,913 shares and Deborah Woolrych, who is "closely associated with Toby Woolrych", received 2,019 shares.
Shanks shares closed flat at 96.00p on Thursday.
----------
UK-focused oil and gas firm Hurricane Energy said two non-executive directors bought shares in the company on Tuesday. David Jenkins bought 3,338 shares and John van der Welle bought 4,159, all at 34.00 pence apiece. Jenkins now holds 203,338 shares and van der Welle has 154,159.
The shares were purchased under the open offer portion of Hurricane's GBP74.4 million fundraising announced in October to accelerate development work on its Greater Lancaster Area assets, located west of Shetland. Hurricane shares closed up 2.1% to 36.75p on Thursday.
----------
Telecoms giant BT Group said Non-Executive Director Mike Inglis bought shares in the company on Wednesday. He bought 1,400 shares in BT at 354.00 pence per share. His total holding after the transaction was not disclosed. Shares in BT closed down 4.6% to 346.08p on Thursday.
----------
Department store operator Debenhams said Executive Director Matthew Smith bought shares in the company on Wednesday. Smith bought 44,465 shares at 55.91 pence apiece. His total holding after the purchase was not disclosed. Shares in Debenhams closed up 2.1% to 56.80p on Thursday.
----------
Oil and gas explorer Tullow Oil said Brian Williams, its vice-president of corporate finance, bought a total of 20,000 shares in the company on Wednesday. Williams bought 10,000 shares at 261.77 pence per share and the same number at 260.30p per share. His total holding after the purchases was not disclosed. Tullow shares closed up 5.6% to 270.57p on Thursday.
----------
GW Pharmaceuticals said Non-Executive Director Thomas Lynch sold shares in the company earlier this month. Lynch sold 2,074 shares at 790.00 pence per share on November 1. His holding following the sale was not disclosed. Shares in the drugmaker closed up 12% to 880.94p on Thursday.
----------
Arcontech Group said Chief Executive Matthew Jeffs bought shares in the firm on Wednesday. Arcontech, which provides services for real-time financial market data processing and trading, said Jeffs bought 46,000 shares at 35.00 pence apiece. After the transaction, he had a 3.5% stake in the company, translating to 430,000 shares. Shares in Arcontech closed up 7.0% to 38.00 pence on Thursday.
----------
Thor Mining said Non-Executive Director Paul Johnson bought 15.0 million shares in the company on Tuesday. He bought the shares at 0.0249 pence each and, on the same day, transferred 80.0 million shares into the name of his wife for nil consideration. His beneficial holding in the company totals 140.1 million shares, or a 1.9% stake in the company. Shares in the US and Australia-focused gold miner closed up 9.8% to 0.0247p on Thursday.
----------
Construction company Morgan Sindall Group PLC on Thursday said Chairman Michael Findlay has bought shares in the company. Findlay bought 4,173 shares in the group at 715.00 pence per share on Thursday. His total holding after the transaction was not disclosed. Morgan Sindall shares closed up 1.1% to 716.0p on Thursday.
----------
Curtis Banks Group on Wednesday said Director Steve Hart bought shares in the lender. Curtis said Hart bought 1,051 shares at 195.00 pence per share. His total holding after the transaction was not disclosed. Shares in Curtis Banks closed down 6.2% to 190.67p on Wednesday.
----------
Barclays said Human Resource Director Tristram Roberts sold 150,931 shares on Thursday at a price of 204.0 pence each. His holding was not disclosed following the GBP307,899 transaction. Barclays shares closed up 4.2% to 200.96p on Thursday.
----------
Technology designer and manufacturer BATM Advanced Communications said Chairman Gideon Chitayat purchased 1.0 million shares priced at 15.5 pence each on Thursday, upping his stake by one-third. Following the GBP155,000 transaction, Chitayat is interested in 3.0 million shares, equal to 0.74% of the issued share capital of BATM. BATM shares closed flat Thursday at 15.5p.
----------
Healthcare communications and public relations firm Huntsworth said Thursday that its chief executive purchased 100,000 shares on Wednesday priced at 40.0 pence each. Huntsworth did not reveal what stake CEO Paul Taaffe holds following the transaction. Huntsworth shares closed down 2.3% to 38.0p Thursday.
----------
Africa Opportunity Fund said Thursday that Non-Executive Director Robert Knapp purchased 45,000 shares at 57.5 cents per share on Tuesday. Knapp's stake following the transaction was not disclosed. Africa Opportunity shares were untraded on Thursday, last trading at 57.5 cents.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
