Paddy Power Betfair Share News (PPB)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Freshly merged bookmaker Paddy Power Betfair Monday said Non-Executive Director Stewart Kenny sold around EUR3.3 million in shares in the business.

Kenny, who served as Chief Executive of Paddy Power from 1988 to 2002, sold 27,000 shares at EUR120.38 each on Friday, leaving him with 330,432 shares. That is equivalent to a 0.395% stake in the business. He co-founded Paddy Power in 1988.

The Irish bookmaker bought rival Betfair last year in a deal creating one of the world's largest online gambling firms. The newly-merged entity will enter the FTSE 100 next Monday, with a market capitalisation of about GBP7.78 billion.

The stock was closed down 1.1% at 9,206.23 pence in London on Monday.
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ARM Holdings said that Dipesh Patel sold 20,000 shares at 982.50p each on Friday. The sale leaves Patel with 45,059 shares. Patel is executive vice president of ARM's Incubation Businesses. Shares in the microprocessor designer closed up 1.2% at 994.66p Monday.
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Worldpay Group said Non-Executive Director Deanna Oppenheimer bought 30,000 shares at 280.7486p each on Friday. The purchase is Oppenheimer's only holding, having taken up the role in January. Shares in the payments processing company closed up 0.8% at 287.0p Monday.
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Electrocomponents said its new finance director bought his first shares last Thursday, having taken up his role at the beginning of March. David Egan bought 70,000 shares at a price of 238p per share. Egan was appointed Electrocomponents' new finance director in December. He was previously group finance director of speciality chemicals and engineered materials company Alent, and prior to that held roles at ESAB Holdings and Hanson. Shares in the electronic and maintenance products distributor closed up 2.0% at 237.20p Monday.
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Stock Spirits Group said Non-Executive Director Miroslaw Stachowicz bought 16,970 shares at 147.4 pence per share on Monday. Stachowicz's total holding was undisclosed. Stock Spirits, last Thursday, posted weaker pretax profit and revenue for 2015 following a slump in its market share in Poland. Shares in the Central and Eastern European focused spirits company closed up 3.1% at 149.50p Monday.
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PureCircle said Chief Financial Officer William Mitchell and the wife of Chief Executive Officer Magomet Malsagov each bought 10,000 shares at 380p per share Friday. Following this transaction, Mitchell and the Malsagovs hold 1.1 million and 15 million shares, respectively. The company also said the husband of Amber Dossey, its head of human resources, bought 1,500 shares at 372p each. The Dosseys hold 2,100 shares. Shares in the stevia ingredients maker closed down 0.4% at 379.68p Monday.
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FDM Group said Chairman Ivan Martin bought 8,000 shares at 500p each on Friday. The purchase makes up his entire holding. The stock closed down 1.0% at 510.00p Monday.
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Kromek Group said Non-Executive Director Lawrence Kinet bought 120,000 shares at a price of 32.25p per share between last Friday and Monday. Following this transaction, Kinet holds 150,000 shares, representing 0.1% stake in the group. Shares in the radiation detection technology company closed up 3.7% at 33.70p Monday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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