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Directors dealings: RPC finance chief plays it safe

Fri, 22nd Mar 2019 16:57

(Sharecast News) - RPC's director of finance opted on Thursday to play it safe, selling a large packet of shares in the packaging supplier the day before Berry Group told the market that it would not be tabling a higher takeover offer, unless the company received a better bid from someone else.Earlier in March, Berry had offered 793p a share for the UK plastics manufacturer - which the RPC board went on to recommend to its shareholders - beating out a previous bid from US private equity giant Apollo, that was made on 23 January and which was worth 782p a share.Kesterton, who had been the company's finance chief since May 2013, sold 65,000 shares - at 796p each - on Thursday for a total transaction amount of £516,868.Top Director BuysRestore (RST)Director name: Skinner,CharlesAmount purchased: 16,802 @ 298.50pValue: £50,153.97Duke Royalty Limited (DUKE)Director name: Cannon-Brookes,CharlesAmount purchased: 100,000 @ 43.60pValue: £43,600.00Renishaw (RSW)Director name: Lee,William Amount purchased: 1,000 @ 3,793.00pValue: £37,930.00Alba Mineral Resources (ALBA)Director name: Frangeskides,GeorgeAmount purchased: 8,333,333 @ 0.30pValue: £25,000.00Alba Mineral Resources (ALBA)Director name: Nott,MichaelAmount purchased: 6,666,667 @ 0.30pValue: £20,000.00Zambeef Products (ZAM)Director name: Mwanza,JacobAmount purchased: 173,333 @ 10.50pValue: £18,199.96Zambeef Products (ZAM)Director name: Mwanza,JacobAmount purchased: 100,000 @ 10.50pValue: £10,500.00Jpmorgan American Inv Trust (JAM)Director name: Collins,Alan Amount purchased: 2,271 @ 437.48pValue: £9,935.17Cropper (james) (CRPR)Director name: Maddock,IsabelleAmount purchased: 968 @ 973.00pValue: £9,418.64Zambeef Products (ZAM)Director name: Mwanza,JacobAmount purchased: 26,296 @ 10.50pValue: £2,761.08Sse (SSE)Director name: Pibworth ,Martin Amount purchased: 36 @ 1,215.11pValue: £437.44Sainsbury (j) (SBRY)Director name: Rogers,JohnAmount purchased: 49 @ 234.99pValue: £115.15Top Director SellsRpc Group (RPC)Director name: Kesterton,SimonAmount sold: 65,000 @ 795.18pValue: £516,867.64Greggs (GRG)Director name: Hutton,RichardAmount sold: 1,150 @ 1,861.00pValue: £21,401.50Greggs (GRG)Director name: Hutton,RichardAmount sold: 1,100 @ 1,861.00pValue: £20,471.00Cropper (james) (CRPR)Director name: Maddock,IsabelleAmount sold: 1,113 @ 966.00pValue: £10,751.58Cropper (james) (CRPR)Director name: Maddock,IsabelleAmount sold: 162 @ 972.00pValue: £1,574.64
More News
8 Mar 2019 15:06

RPC to recommend new offer from Berry Global

(Sharecast News) - US plastics group Berry Global has made a cash offer of 793p per share for UK rival RPC Group, giving the company a value of £3.34bn.

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8 Mar 2019 15:06

RPC to recommend new offer from Berry Global

(Sharecast News) - US plastics group Berry Global has made a cash offer of 793p per share for UK rival RPC Group, giving the company a value of £3.34bn.

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8 Mar 2019 08:40

LONDON MARKET OPEN: GVC Slumps On Boss Stock Sales; SIG, Bodycote Up

LONDON (Alliance News) - Stock prices in London were in the red on Friday, with GVC sliding in the large cap index as its leadership sold stock, while both and were higher after a

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8 Mar 2019 07:48

TOP NEWS: RPC Group Jettisons Apollo Offer For Berry Global's New Bid

LONDON (Alliance News) - Plastics firm RPC Group PLC has decided to push forward with Berry Global Group Inc's offer for the company, it said on Friday.At the same time, FTSE 250-listed

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8 Mar 2019 07:39

LONDON MARKET PRE-OPEN: RPC Chooses Berry Offer Over Apollo

LONDON (Alliance News) - Stock prices in London are set for a lower open after disappointing Chinese economic data, while in early corporate news RPC has agreed a new takeover deal. China's in

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7 Mar 2019 12:01

Apollo Management IX Adds Bank of America To RPC Bid Lenders

LONDON (Alliance News) - Apollo Management IX LP said Thursday it has added the London branch of Bank of America NA to a list of lenders in its RPC Group PLC bid.The GBP3.32 billion bid was

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19 Feb 2019 08:40

UK Takeover Panels Gives Berry Global Deadline For RPC Takeover Offer

LONDON (Alliance News) - The UK Takeover Panel ruled that Berry Global Group Inc must announce its intention to make an offer for plastic packaging manufacturer RPC Group PLC by March 13.If

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11 Feb 2019 13:38

Monday broker round-up

(Sharecast News) - Metro Bank: Berenberg upgrades to hold with a target price of 1,200p.

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7 Feb 2019 09:49

Apollo Management's Acceptances Fall As Eminence Capital Sells Again

LONDON (Alliance News) - Apollo Management IX LP on Thursday reported a drop in the amount of RPC Group PLC shares it has received letters of intent for after Eminence Capital sold some the end of

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5 Feb 2019 18:22

Apollo Management IX Reaches Agreement With RPC Pension Trustees

LONDON (Alliance News) - Apollo Management IX LP has entered a memorandum of understanding with trustees of the RPC Containers Ltd pension scheme as part of its GBP3.32 billion cash offer for RPC

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1 Feb 2019 08:12

RPC Q3 revenues up but operating profit flat after weak Christmas

(Sharecast News) - Plastic packaging company RPC Group, is now being eyed up by US packaging group Berry Global as well as Apollo Global Management, posted a rise in third-quarter revenue on Friday and flat operating profit.

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1 Feb 2019 07:54

RPC Revenue Rises Despite Difficult Christmas, Engages With Berry

LONDON (Alliance News) - RPC Group PLC on Friday reported a positive performance in the third quarter of its financial year, as it prepares to engage with Berry Global Group Inc for a possible of

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1 Feb 2019 07:43

LONDON MARKET PRE-OPEN: Glencore Posts Double-Digit Output Growth

LONDON (Alliance News) - Stock prices in London are set to open in the green on Friday, with miner Glencore releasing strong 2018 production figures, while SSE to

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31 Jan 2019 14:55

UPDATE: RPC Group To Talk With Berry Global Over Possible Offer

LONDON (Alliance News) - Plastic packaging supplier RPC Group PLC said Thursday it will engage with New York-listed Berry Global Group Inc over a possible cash offer for RPC.Earlier on said

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31 Jan 2019 09:10

Berry Global mulls hijacking RPC's Apollo deal

(Sharecast News) - US plastics giant Berry Global may undo the five months of works that led to Apollo making an offer for RPC Group last week.

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