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Pin to quick picksPathfinder Minerals Share News (PFP)

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Share Price Information for Pathfinder Minerals (PFP)

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DIRECTOR DEALINGS SUMMARY: Pathfinder Minerals Chief Snaps Up Shares

Thu, 17th Mar 2016 17:09

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.

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Pathfinder Minerals shares rose after the company raised GBP200,000 from a subscription of shares, half of which were taken up by Chief Executive Nick Trew.

The company said it raised the funds through a subscription of over 24.0 million shares in the company at a price of 0.8325 pence each, which is a 10% discount to the closing share price on Wednesday.

Half of the shares were taken up by Trew, who now holds a total of 21.5 million shares in the company to give him a 16.79% stake in the company.

The 24.0 million shares issued in total on Thursday represent 18.8% of the company's enlarged issued share capital.

Pathfinder shares more than doubled in value on Thursday, closing at 2.25p.

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Metro Bank said Non-Executive Director Alastair Gunn bought 2,260 shares at a price of 2,200p per share on March 9. Following this transaction, Gunn's shareholding increased to 69,364 shares, representing 0.09% of the company's issued share capital. The lender listed earlier this month, with a market capitalisation of around GBP1.6 billion, making it the biggest IPO of 2016 so far. Metro Bank was the first new high street bank to open in the UK in over a century and has a network of 40 branches in and around London. The stock closed flat at 2,000.17p Thursday.

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Shipping services company Clarkson said former shareholders in RS Platou, which Clarkson bought in 2015, have sold shares in Clarkson. The former shareholders sold 2.0 million shares, about a 6.6% stake, at 1,840p per share via a secondary placing, which was announced on Wednesday. Clarkson shares closed at 1,840.00p on Wednesday. The sale was worth around GBP36.8 million in total. Peter Anker, the president of brokerage and investment banking at Clarkson, sold 169,000 shares in the placing, leaving him with 357,477 shares in the company, or around 1.2% of its issued share capital. The stock closed up 11% at 2,110.00p Thursday.

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Virgin Money Holdings said Chief Risk Officer Marian Martin sold 3,766 shares at 365p each on Thursday. Her total shareholding was undisclosed. The stock closed down 1.3% at 362.70p Friday.

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Quarto Group said Chief Executive Officer Marcus Leaver bought 4,562 shares at a price of 272.34p per share on Thursday, following the company's annual results. Following this transaction, Leaver is interested in 18,562 shares representing approximately 0.09% of issued shares with voting rights. On Thursday, Quarto posted higher pretax profit and revenue for 2015, held back somewhat by the strong dollar. Shares in the publishing group closed down 4.0% at 256.8p Thursday.

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Volex said Non-Executive Director Robert Beveridge bought 30,000 shares at 38.1p each on Thursday. The purchase is his only holding. Shares in the power and data cabling supplier closed up 3.4% at 38.25p Thursday.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2016 Alliance News Limited. All Rights Reserved.

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