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DIRECTOR DEALINGS: Lombard Odier AM ups Seeing Machines stake to 17%

Fri, 26th Nov 2021 15:29

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

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Seeing Machines Ltd - Canberra-based driver monitoring technology - Lombard Odier Asset Management (Europe) Ltd, with which Non-Executive Director Michael Brown is connected, buys 18.2 million shares at 11 pence, worth GBP2.0 million, on Wednesday. Lombard Odier now has an interest in 692.3 million shares, a 16.7% stake. Chair Kate Hill buys 237,920 shares at 11.6p, worth GBP27,599, on Thursday. Hill now has an interest in 3.0 million shares.

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Virgin Money UK PLC - Newcastle-upon-Tyne, England-based lender - Chief Executive David Duffy buys 37,515 shares at GBP1.68, worth GBP63,025, on Friday. Chief Financial Officer Clifford Abrahams buys 60,000 shares at GBP1.68 and GBP1.77, worth GBP103,290, on Thursday and Friday.

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Cerillion PLC - London-based billing and customer relations management software - Chief Operating Officer Mark Nicholls and spouse June Nicholls sell 14,000 shares at average 835.8p, worth GBP117,012, on Wednesday and Thursday. Nicholls now is interested in 54,636 shares, a 0.2% stake.

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CVS Group PLC - Norfolk-based veterinary services - Chair Richard Connell buys 4,200 shares at 2,212.86p, worth GBP92,940, on Thursday. Now has 162,000 shares, a 0.2% stake.

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PayPoint PLC - Hertfordshire, England-based payment services - Chief Executive Nick Wiles buys 10,000 shares at 616.79p, worth GBP61,679, on Friday.

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MJ Hudson Group PLC - London-based services provider to asset management industry - Six directors buy 247,319 shares on Thursday. Among them, CEO Matthew Hudson buys 104,166 shares at 46.8p, worth GBP48,750. Hudson now is interested in 47.6 million shares. Non-Executive Chair Charles Spicer buys 43,803 shares at 45.9p and 45.4p, worth about GBP20,000. Non-Executive Director Geoff Miller buys 57,050 shares at 47p, worth GBP26,814.

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James Cropper PLC - paper products manufacturer based in Cumbria - Chair Mark Cropper buys 2,050 shares at GBP15.75, worth GBP32,288, on Tuesday. Cropper has a 19.4% beneficial stake and is part of a concert party with a 37.8% holding.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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17 May 2023 15:05

MJ Hudson sells Data & Analytics arm; plans share cancellation

(Alliance News) - MJ Hudson Group PLC on Wednesday confirmed the sale of its Data & Analytics division and set out its plan to cancel its shares from trading on AIM.

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11 Apr 2023 16:41

IN BRIEF: MJ Hudson sells data and outsourcing units for GBP40 million

MJ Hudson Group PLC - London-based asset-management consulting company - Agrees to sell its Data & Analytics and Business Outsourcing Divisions - substantially all of its remaining operating divisions - to Apex Group in a cash deal worth GBP40 million. Says proceeds will be used to reduce debt and it is highly unlikely that there will be a substantial, or any, amount available to shareholders following payment of all creditors and costs. Plans to seek shareholder approval to cancel shares on AIM which, if approved, is expected to occur on May 12. Intends to notify the Solicitors Regulation Authority of the proposed closure of its legal business.

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11 Apr 2023 07:53

MJ Hudson to sell data & analytics, business outsourcing units for £40m

(Sharecast News) - MJ Hudson has agreed to sell its data & analytics and business outsourcing divisions to asset manager Apex Group for around £40m as it looks to pay off debts.

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31 Mar 2023 12:22

MJ Hudson delays interim results as 2022 audit issues continue

(Sharecast News) - Financial service provider MJ Hudson announced on Friday that it would not be able to release its interim results for the six months ended 31 December by the deadline of 31 March.

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10 Mar 2023 10:12

IN BRIEF: MJ Hudson sells UK Fund Management business to directors

MJ Hudson Group PLC - London-based services for asset management industry - Wholly-owned subsidiary Tower Gate Capital Ltd agrees to sell its UK Fund Management business to special purpose acquisition vehicle Khepri Ltd for GBP1.0 million. The companies being sold are MJ Hudson Adivsors Ltd, MJ Hudson Fund Management Ltd, MH Hudson Consulting Ltd, and MJ Hudson Fund Administration Ltd.

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7 Mar 2023 15:38

IN BRIEF: MJ Hudson signs additional GBP1.8 million loan agreement

MJ Hudson Group PLC - asset-management consulting company - Reaches agreement with its existing senior lender to provide a further short term overdraft facility, which amounts to GBP1.8 million. Says this will provide the company with "additional working capital." The short term facility will bear 5% interest plus the Bank of England's base rate per annum, plus additional fees as agreed with the lender.

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24 Feb 2023 15:25

Apex Group planning swoop on MJ Hudson - report

(Sharecast News) - Bermuda-based financial services firm Apex Group is reportedly the latest suitor to emerge as a contender to swoop on parts of beleaguered asset management consultancy MJ Hudson.

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24 Feb 2023 10:38

IN BRIEF: MJ Hudson signs GBP1.5 million loan amid "lost trust"

MJ Hudson Group PLC - asset-management consulting company - Signs agreement with existing senior lender to provide a short term overdraft facility of GBP1.5 million. Says the loan will provide "working capital" while it undertakes the current sales process. As part of the agreement, the company's former Chief Executive & Founder Matthew Hudson provided a shareholder loan of GBP100,000.

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15 Feb 2023 14:42

MJ Hudson CEO resigns amid auditing issues

(Sharecast News) - Asset management consultancy MJ Hudson said on Wednesday that chief executive officer Matthew Hudson has resigned with immediate effect.

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15 Feb 2023 13:43

MJ Hudson Founder Matthew Hudson resigns as CEO amid "lost trust"

(Alliance News) - MJ Hudson Group PLC on Wednesday said Matthew Hudson has quit as chief executive officer, effective immediately, days after the company's auditor resigned citing "lost trust and confidence" in management.

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13 Feb 2023 12:14

LONDON MARKET MIDDAY: FTSE 100 edges back toward recent record high

(Alliance News) - Stock prices in London were mostly higher at midday on Monday, as markets looked ahead to a busy week for economic data out of the UK.

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13 Feb 2023 08:58

LONDON MARKET OPEN: Stocks firm, pound soft ahead of week of UK data

(Alliance News) - Stock prices in London opened largely higher on Monday, as investors in large companies looked past figures last week showing the UK economy going nowhere.

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13 Feb 2023 08:22

MJ Hudson auditor Ernest & Young quits on "lost trust" in management

(Alliance News) - MJ Hudson Group PLC on Monday said its auditor Ernst & Young LLP has resigned with immediate effect, less than 18 months after being appointed.

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13 Feb 2023 07:54

LONDON BRIEFING: Kape Technologies gets offer; MJ Hudson auditor quits

(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates.

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13 Feb 2023 07:37

MJ Hudson auditor EY resigns, cites lack of confidence in management

(Sharecast News) - Asset management consultancy MJ Hudson said on Monday that auditor EY has resigned with immediate effect less than 18 months after it was appointed, citing a loss of confidence in management.

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