LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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FTSE 250 lender Shawbrook Group said a group of directors and senior executives sold around 2.7 million shares for about GBP6.9 million on Thursday following the expiry of the lock up period.
The shares were all sold on Thursday at 258 pence each.
The company said following the one year anniversary of the initial public offering, its executives became entitled to sell up to one third of their shareholdings. Shawbrook listed on the London Main Market in April last year.
Deputy Chief Executive Officer Stephen Johnson sold 1.2 million shares along with a Clare Johnson, a connected person, who sold 11,000 shares. Stephen Johnson now holds 2.6 million shares.
Chief Financial Officer Tom Wood, together with Jennifer Wood, sold a total of 685,710 shares. The sale reduces the Woods' holding to 1.4 million shares.
Philip George, head of business development, sold 667,659 shares and now holds 1.3 million shares.
General Counsel Daniel Rushbrook, together with Helen Rushbrook, sold 30,000 shares. After the sale Daniel Rushbrook holds 100,398 shares.
Following the sales, the remaining two thirds of the shareholdings remain subject to lock-up arrangements, expiring in April 2017 and April 2018, the company added.
The stock closed down 1.8% at 256.20p Friday.
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International Consolidated Airlines Group said two non-executive directors bought shares on Friday. Kieran Poynter bought 15,000 shares at GBP5.13648 each and Alberto Terol bought 7,700 shares at EUR6.477908 a share. The stock closed down 1.1% at 510.10p Friday.
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Flowtech Fluidpower said three directors bought shares on Thursday and Friday. Non-Executive Director Nigel Richens bought 15,000 shares and Chief Executive Officer Sean Fennon bought 10,000 shares. Both purchases were made at a price of 140 pence per share. Chief Financial Officer Bryce Brooks bought 3,000 shares at 142.4p each. After the purchases Fennon, Brooks and Richens hold 219,000, 94,000 and 50,000 shares, respectively. Flowtech Fluidpower on Tuesday has said its pretax profit in 2015 was little more than a sixth of what it was the year earlier, due to a financial gain which did not repeat in the current financial year, but the company hiked its dividend on a positive outlook. The stock closed up 3.1% at 143.30p Friday.
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National Express Group said Chief Executive Officer Dean Finch bought 53,000 shares at GBP3.3095 each and sold 210,000 shares at GBP3.2801 each on Thursday. Following the transactions, Finch now holds a direct interest in 137,598 shares. The stock closed down 0.6% at 325.10p Friday.
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Allied Minds said Chief Operating Officer Marc Eichenberger sold 11,262 shares at a price of 335.4364 pence per share on Tuesday. The company also said Eichenberger sold 37,980 shares at a price of 344.6083 pence per share on Monday. Following this transaction, Eichenberger now directly holds 1.6 million shares in the firm. The stock closed flat at 310.00p Friday.
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Independent Investment Trust said Managing Director Maxwell Ward sold 100,000 shares at a price of 375 pence per share on Thursday. Following this transaction, Ward holds 4.5 million shares, which represents an 8.0% stake in the trust. The stock closed down 0.3% at 386.43p Wednesday.
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John Menzies said Miranda Jenkinson, wife of Non-Executive Director Dermot Jenkinson, sold 77,517 shares at a price of 503 pence per share on May 5. Following this transaction, Dermot Jenkinson holds a beneficial interest in 1.7 million shares and a non-beneficial interest in 2.4 million shares in the support services group. The stock closed up 0.9% at 500.50p Friday.
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BBA Aviation said Non-Executive Director Susan Kilsby bought 20,000 shares at a price of 190.60 pence per share Thursday. The purchase is Kilsby's only holding. The stock closed up 0.3% at 189.70p Friday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
16 Feb 2017 09:53
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