PEL.L Share News (PEL)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Paragon Entertainment said two of its directors bought shares after the company issued a second profit warning on Friday, causing the share price to sink.

Chief Executive Officer Mark Pyrah, who has now assumed the role on a permanent basis, bought 98,907 shares at 1.90 pence each on Friday, for a total consideration of GBP1,879.23. The purchase takes his holding to 22.5 million shares, or an 11.97% stake.

Back in October, the designer and builder of attractions said it was set to miss full year expectations, anticipating earnings before interest, tax, depreciation and amortisation of GBP200,000 for 2015, on revenue of GBP9 million.

However, on Friday the company said revenue will now be even lower, at around GBP8.5 million, but said it is still on track to deliver GBP200,000 of Ebitda. In the first half of the year, Ebitda came in at GBP80,000 on the back of GBP4.5 million of revenue - suggesting it has had a better second half than the first.

In addition, Pyrah who has been Paragon's interim chief executive has now taken up the role on a permanent basis. Paragon originally planned on appointing a new CEO to allow Pyrah to focus on his other role at the company heading up the sales and marketing division, but said it does not believe this is now necessary.

However, the company will be appointing an new chief operating officer shortly, Paragon said.

In a separate statement, the company also said Production Director Peter Holdsworth bought 147,058 shares at a price of 2.04 pence per share on Friday.

Following this transaction, Holdsworth owns 16.1 million shares, representing 8.6% of the company's issued share capital.

Paragon Entertainment shares closed down 26% at 1.88p Friday.
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Standard Chartered said 96.79% of the new shares on offer under its USD5.1 billion rights issue were taken up by shareholders, with no fewer than 25 of the bank's top directors and managers participating in the fundraising.

Standard Chartered revealed the capital raising on November 3, alongside further measures to bolster its financial strength and adjust its strategy in a move to improve returns.

Deputy Chairman Mike Rees bought more shares than any other director, acquiring GBP357,045 worth of stock. He was followed by Chief Executive Bill Winters, who acquired GBP304,286 of shares. Chairman John Peace bought GBP244,896 of shares, while Chief Financial Officer Andy Halford bought GBP145,540.

In total, the 26 directors bought 463,191 shares in the rights issue.

Shares in the emerging markets focused bank closed down 2.7% at 495.35p Friday.
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Aldermore Group said Chief Executive Officer Philip Monks bought 5,000 shares at a price of 217 pence per share on Friday. The lender also said Patricia Monks bought 40,000 shares at the same price on Friday. Following this transaction, the Monks hold 3.5 million shares, or a 1.0044% stake. Two weeks after the UK government said people purchasing buy-to-let homes will pay an extra 3.0% in stamp duty, international banking regulators have delivered a new blow to the sector. The latest trouble for the buy-to-let sector comes from the Basel Committee, which is fresh from publishing its second consultative document on 'revisions to the standardized approach for credit risk', which impacted buy-to-let lenders, such as Aldermore. The stock closed down 6.5% at 212.00p Friday.
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Silicon wafer reclaim services provider Pure Wafer said Deputy Chairman Stephen Boyd bought 40,000 shares at a price of 188 pence per share on Friday. Following this transaction, Boyd has an interest in 1.5 million shares, representing 5.28% of the company's issued share capital. The stock closed up 0.2% at 175.34p Friday.
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Versarien said Chief Executive Officer Neill Ricketts bought 71,000 shares at a price of 14 pence per share Thursday. Following this transaction, Ricketts now holds 15.4 million shares, which represents 14.56% stake in the firm. Shares in the engineering materials group closed up 2.7% at 14.00p Friday.
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McBride said Chief Executive Officer Rik de Vos bought 10,000 shares at a price of 149.25 pence per share Friday. Following this transaction, de Vos now holds 30,000 ordinary shares in McBride, or 0.016% of current issued share capital. Shares in the household and personal care products company closed down 0.8% at 147.00p Friday.
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FTSE 100-listed catering services and outsourcing company Compass Group said Alfredo Ruiz Plaza, a senior manager, bought 10,000 shares at a price of 1,128 pence per share Thursday. Following this transaction, Plaza's shareholding has increased to 64,746 shares, representing 0.00394% of the company's issued share capital. The stock closed down 1.0% at 1,114.00p Friday.
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Smurfit Kappa Group said former Chief Executive Officer Gary McCann sold 29,000 shares at EUR25.315 each on Monday. McCann, who retired in August, now holds 397,810 shares. The stock closed down 0.8% at EUR23.24 Friday.
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S&U said Chairman Anthony Coombs bought 1,000 shares at a price of 2,405 pence per share Thursday. Following this transaction, Following this purchase, the beneficial holding of Coombs is 1.3 million shares representing 11.2% of the total voting rights. The stock closed flat at 2,377.00p Friday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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