SPE.L Share News (SPE)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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As shares in equipment and tool hire company Speedy Hire fell through the floor, the company's chairman and newly appointed CEO stepped in to buy.

Speedy Hire said Chairman Jan Astrand bought 150,000 shares at a price of GBP0.4750 per share Wednesday. Following this transaction, worth GBP71,250, Astrand holds 350,000 shares.

The company also said newly appointed Chief Executive Officer Russell Down bought 80,000 shares at GBP0.4790 each which constitutes his only holding. The purchase was worth GBP38,320.

Earlier Wednesday, Speedy Hire was dealt a triple blow after it said its results for the full year will not meet expectations, that talks about selling its oil and gas assets have fallen through, and that its Chief Executive Mark Rogerson has retired from his role with immediate effect. Speedy Hire said current Finance Director Down assumed the role of CEO.

The hire company said results for the full year will be "materially below" expectations and down year-on-year, after it had a "slower than expected start" to the year due to end March 31, 2016.

"This is extremely disappointing. I believe that Speedy remains a fundamentally good business but, whilst some progress has been made over the last year, the remedial action programmes have not been delivered as needed," Astrand said.

The stock closed down 31% at 49.00 pence Wednesday, the worst performer in the FTSE All-Share.
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Computacenter said Chairman Greg Lock bought 41,500 shares at a price of 768.80p per share Tuesday. Lock had bought 22,500 shares Monday. Following the latest transaction, Lock's beneficial holding is 390,922 shares, representing approximately 0.32% of the company's issued share capital. Shares in the computer services provider closed down 0.9% at 769.00p Wednesday.
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CLS Holdings said Vice Chairman Henry Klotz sold 15,632 shares between June 16 and June 29 at an average price of 1,880.83p per share. Following this transaction, Klotz has interest in 55,763 shares, 0.13% of issued shares. Shares in the property investment company closed down 1.6% at 1,830.73p Wednesday.
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Altitude Group said Chairman Richard Sowerby acquired 150,000 shares at a price of 9.375p per share Tuesday, which is his only holding. He was appointed chairman in April having previously served as finance director. Shares in the software company closed up 5.3% at 10.00p Wednesday.
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Sopheon said a group of directors including Chairman Barry Mence bought shares at a price of 56.75p per share Tuesday. Mence bought 16,214 shares, giving him 1.3 million shares total, a 17.71% holding. Stuart Silcock bought 5,104 shares and now has 228,977 total, a 3.15% holding. Bernard Al bought 2,167 shares and now has 86,156 shares, a 1.18% holding. Arif Karimjee bought 1,695 shares for a 19,195 share, or 0.26%, holding. The software provider closed up 6.1% at 61.00p Wednesday.
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Witan Pacific Investment Trust said Andrew Robson, a director, bought 3,000 shares at a price of GBP2.5450 per share Tuesday. Following this transaction, Robson holds 8,000 shares in the trust. The stock closed up 2.4% at 255.97p Wednesday.
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Lloyds Banking Group said Non-Executive Director Simon Henry bought 100,000 shares at a price of 85.46p per share Tuesday. Henry was appointed on June 4 and is also chief financial officer of Royal Dutch Shell. Lloyds shares closed at 86.60p, up 1.6% Wednesday.
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Debenhams said Chief Financial Officer Matt Smith bought 28,000 shares at a price of 89.33p per share Wednesday. The shares are Smith's only holding. He was appointed in July 2014, having previously worked as CFO at Mothercare and Home Retail Group. The stock closed at 88.70p Wednesday, down 0.6%.
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Electrocomponents said Non-Executive Director Bertrand Bodson bought 10,000 shares at a price of GBP2.1325 each Tuesday. The shares are his only holding. The stock closed up 0.3% at 212.50p Wednesday.
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Premier Foods said Senior Independent Director Ian Krieger bought 100,000 shares at a price of 37.45p per share Wednesday. Following this transaction, Krieger holds 504,000 shares, which represents 0.061% of the issued share capital. Shares in the food distributor closed at 38.41p, up 1.7% Wednesday.
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By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite

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