Rpc Group Share News (RPC)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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RPC Group said a group of directors subscribed for shares at a price of 460 pence each on Wednesday after the plastics company said it secured a 97% take-up for its rights issue to fund the acquisition of Global Closure Systems.

RPC struck a deal to acquire France-based GCS, a plastic closures and dispensing systems specialist, in December for EUR650.0 million and said it would raise GBP232.6 million through a rights issue to help fund the purchase.

Clare Pike, wife of Chairman James Pike, acquired 22,858 shares. The share purchase partly funded by the sale of 34,875 nil paid rights at a price of 304p per share. Following the acquisition, Pike holds a beneficial interest in 311,524 shares.

Chief Executive Officer Petrus Vervaat acquired 20,000 shares. The purchase was also partly funded by the sale of 24,000 nil paid rights at a price of 316p per share. Vervaat now holds 240,000 shares.

Finance Director Simon Kesterton acquired 800 shares and now holds 4,800 shares.

The company also said two of its non-executive directors, Lynn Drummond and Martin Towers, acquired 164 and 4,333 shares respectively. They now hold 987 and 25,999 shares respectively.

The stock closed down 2.8% at 726.50p Wednesday.
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Scottish Investment Trust said Non-Executive Director Mick Brewis bought 10,000 shares at a price of 566p per share on Tuesday. The purchase is his only holding in the trust after being appointed in December. Shares closed down 3.5% at 547.00p Wednesday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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