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LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday and late on Tuesday.
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Self-storage provider Lok'nStore Group said two of its directors have sold shares to a new institutional investor via a placing. Chief Executive Andrew Jacobs and Chairman Simon Thomas told 200,000 shares apiece at 340.00 pence per share, representing a 1.4% stake in the business. The sale was worth GBP1.4 million.
The sales leave Jacobs with 5.3 million shares, or an 18% stake, while Thomas has 1.8 million shares, or a 6.2% stake. The new investor was not named.
Shares in Lok'nStore closed down 2.8% at 340.11p Wednesday.
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Mulberry Group said Finance Director Roger Mather has sold GBP538,965 of shares in the luxury leather handbag maker since Friday last week. The company said Mather sold 59,000 shares at an average price of 913.5 pence. Mather now owns 24,383 shares in the company, equivalent to a 0.04% stake, as well as 70,000 unvested options under a 2008 scheme and 28,600 unvested options under a long term incentive plan.
Last Thursday, Mulberry said it swung to a GBP100,000 pretax profit in the first half of its financial year, as sales grew by 5.0% to GBP67.8 million in a sign that a shift back to "affordable luxury" is beginning to pay off. Shares in Mulberry closed down 0.1% at 910.00p Wednesday.
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Microwave electronics product designer Filtronic said three of its directors bought shares as part of its recent fundraising. The company raised GBP500,000 in its open offer, falling short of its GBP1.0 million target, after it only secured 50% valid acceptances to subscribe for the 20.0 million shares on offer. The group said Chief Executive and Chief Financial Officer Rob Smith bought 200,000 shares in the offer, while Chairman Reg Gott bought the same number and Non-Executive Director Michael Roller bought 72,929 shares. All were bought at the offer price of 5.0 pence per share. Shares in Filtronic closed down 6.5% to 4.79p Wednesday.
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Paper products company James Cropper said the husband of its finance director sold shares in the company on Tuesday. Robert Maddock, the husband of Finance Director Isabelle Maddock, sold 1,350 shares at 622.0 pence per share. That leaves Maddock with a beneficial holding of 9,071 shares, or a 0.1% stake in the company. The shares were sold the same day the company said it would book a one-off charge from damaged caused to its Cumbria factory by Storm Desmond, but said it should return to full production in early January. James Cropper shares closed down 0.4% at 627.50p Wednesday.
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Cenkos Securities said Chief Executive Jim Durkin bought 25,000 shares in the company on Tuesday. Durkin bought the shares at 165.00 pence per share, raising his total holding to 4.9 million shares, or 8.7% of the company's issued share capital. Shares in stockbroker Cenkos ended down 0.6% at 165.00p Wednesday.
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Personalised medicine and biotechnology company Epistem Holdings said three of its executives together bought over 60,000 shares in the company. Ian Gilham, chairman and interim chief executive, bought 20,500 shares, Finance Director John Rylands bought 20,749 shares, and Chief Operating Officer Allan Brown bought 20,749 shares. All the shares were purchased on Wednesday at 120.00 pence per share. Epistem shares closed flat at 120.00p Wednesday.
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Coms said Chief Executive Officer Mark Braund bought 1 million shares at a price of 1.0 pence each Tuesday, his second share purchase in two days. Following this transaction Braund has an interest in 6.5 million shares in the company, or a less than 1.0% stake. This purchase came after Braund also bought 1 million shares at the same price Monday. Shares in Coms closed up 2.1% at 1.20p Wednesday.
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Gamma Communications said Chief Financial Officer Andrew Belshaw sold shares in the company on Tuesday. Belshaw sold 179,306 shares for 414.00 pence per share, giving the transaction a total value of around GBP742,000. Belshaw sold the shares in order to cover a tax liability on recently exercised share options and to repay a GBP50,000 loan made to him prior to the company floating in London. Shares in the communications technology company ended up 4.0% at 429.70p Wednesday.
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Temporary power company Aggreko said Nicolas Fournier, the managing director of its Power Solutions business, bought shares in the company on Tuesday. Fournier bought 5,000 shares at 921.00 pence per share. Shares in Aggreko closed up 0.6% to 924.61p Wednesday.
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Smith & Nephew said Chief Corporate Development Officer Cyrille Petit sold 4,000 shares Wednesday at a price of 1,087.15 pence each, worth GBP43,486. Following this sale Petit hold 31,369 shares in the company, or a less than 1.0% stake. Shares in Smith & Nephew closed flat at 1,086.00p Wednesday.
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GW Pharmaceuticals said Non-Executive Director Tom Lynch sold 4,270 shares December 10 at 451 pence per share. Following this sale Lynch has an interest in 52,074 shares, or a less than 1.0% stake in the company. Shares in GW Pharmaceuticals closed down 0.6% at 394.96p on Wednesday.
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Kitchens and joinery products company Howden Joinery Group said Chief Information Officer David Hallett sold shares in the company on Tuesday. Hallett sold 40,000 shares at 520.18 pence per share, leaving him with a total beneficial holding of 693,337 shares. Shares in Howden closed off 0.1% at 520.26p Wednesday.
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Natural resources investment company Metal Tiger said Executive Director Paul Johnson has bought shares in the business. In a transaction conducted on Wednesday, Johnson bought 500,000 Metal Tiger shares for 0.832 pence per share, taking his total holding up to 7.8 million shares, or a 2.3% stake. Metal Tiger shares eneded down 4.5% at 0.888p Wednesday.
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Defence and surveillance technology company Cohort said Non-Executive Director Jeff Perrin bought his first shares in the company on Tuesday. He bought 4,000 shares at 390.32 pence per share. Cohort shares closed up 3.7% to 399.80p Wednesday.
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Gulf Marine Services said Non-Executive Director Mike Straughen bought shares in the company in November. Straughen bought 290 shares in the company at an average price of 99.00 pence per share on November 11. He owns 37,327 Gulf Marine shares following the transaction. Gulf Marine shares closed flat at 98.00p Wednesday.
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F&C Capital & Income Investment Trust said Non-Executive Director Timothy Scholefield bought shares in the trust. Scholefield bought 2,000 shares at 253.125 pence per share on Wednesday, raising his total holding to 8,000 shares. Shares in the trust closed up 0.8% at 254.75p Wednesday.
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Volta Finance on Tuesday said Paul Varotsis, senior independent director, has acquired 5,000 of the company's shares. Tuesday's transaction was made in Amsterdam. The shares were bought at EUR6.20 each. Varotsis now holds 151,088 shares in the company, equivalent to a 0.418174% stake. Shares in the structured finance investor closed down 0.2% at EUR6.19 Wednesday.
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By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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