Last checked at LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Nanoco Group said two of its board members bought shares after the nanomaterials developer reported a pretax loss for its most recently ended financial year on Tuesday.
Chairman Anthony Clinch bought 37,467 shares on Tuesday at an average price of 57.38p per share.
Following this transaction, Clinch has a beneficial interest in 95,107 shares, representing approximately 0.04% of the issued share capital.
Nanoco also said Chief Financial Officer David Blain bought 14,700 shares on Wednesday at a price of 57.97p per share. The purchase is his only holding after being appointed in August.
Nanoco on Tuesday reported a widened pretax loss of GBP10.9 million for the year to end-July, widened from a pretax loss of GBP9.1 million a year before. Revenue rose to GBP2.0 million from GBP1.4 million were offset by higher operating costs and exceptional expenses related to its move to the London Main Market from AIM in May. In addition the company said it has signed a further follow-on joint development deal with lighting company Osram Light AG.
Shares closed up 4.4% at 59.00p Wednesday.
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Source BioScience said Chairman Laurence Turnbull sold 2 million shares at a price of 17p per share on Monday. The deal was worth GBP340,000 gross. Following this transaction, Turnbull has an interest in 2.8 million shares representing approximately 0.79% of the issued share capital. Shares in the laboratory services company closed down 1.4% at 16.51p Wednesday.
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BBA Aviation said Chairman Nigel Rudd bought 73,500 shares at a price of 192.1p per share Tuesday. The company also said that on Tuesday Rudd's wife Lesley Rudd acquired 70,200 shares, and Astara Management Ltd, a party connected Rudd, acquired 55,700 shares at the same price. Following this transaction, Rudd has a beneficial interest in 203,400 shares. Shares in the aviation services company closed up 1.4% at 191.10p Wednesday.
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Dignity said Non-Executive Director David Blackwood bought 2,189 shares at a price of 2,226.53p per share Wednesday. The purchase is his only holding in the company. Shares in the funeral services provider closed up 0.2% at 2,230.00p Wednesday.
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Satellite Solutions Worldwide Group said Chairman Michael Tobin bought 247,000 shares at 4p per share Tuesday. Following this transaction, Tobin's notifiable interest stands at 827,000 shares, representing approximately 0.3% of the issued share capital. Shares in the independent satellite broadband internet service provider closed up 1.3% at 4.0p Wednesday.
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Fiske said Compliance Director Gerard Luchini bought 5,000 shares at a price of 40p per share Wednesday. Following this transaction, Luchini holds a total of 50,000 shares, with voting rights in Fiske, which represents 0.59% of Fiske's issued share capital. Shares in the institutional stockbroker closed down 8.5% at 43.00p Wednesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
8 Jun 2022 15:27
IN BRIEF: Nanoco raises GBP5.7 million in fundraise; shares rise
Nanoco Group PLC - Manchester-based nanomaterial developer and manufacturer - Raises GBP2.3 million from a placing and subscription for new shares at a price of 37 pence per share. Company says its broker option was "very significantly" over-subscribed. The total amount raised in the fundraise amounts to GBP5.7 million before costs. End of year cash is now expected to be between GBP7.0 million and GBP7.5 million.
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