Last checked at LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Land development and construction company Henry Boot said Non-Executive Director James Sykes sold shares in the business on Friday. Sykes sold 100,000 shares at 235.00 pence per share, decreasing his total shareholding to 21.3 million shares.
The share sale took place as Henry Boot on Friday outlined major changes to its senior management team as it posted a rise in first half pretax profit and a hike to its interim dividend. The company said Chairman John Brown will retire from the board at the end of this year, having completed nine years' service. At that time, Chief Executive Jamie Boot will retire and will replace Brown as non-executive chairman. He will then be replaced by John Sutcliffe, currently finance director, who will in turn by replaced by Darren Littlewood, who moves form group financial controller.
Henry Boot shares closed down 3.2% at 232.25 pence on Tuesday.
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MirLand Development Corp said that the shareholding of one of its non-executive directors stands to be reduced as a result of a deal involving a company he controls.
Bank Leumi, listed on on the Tel Aviv Stock Exchange, is selling debt owed by private companies controlled by Mirland Non-Executive Director Eliezer Fishman and his family to the Nakash family and its partners. The debt being sold is secured over about 40% of the equity of Jerusalem Economy Ltd, a company under Fishman's control. Jerusalem Economy, a real estate company in Israel, held a 30.47% stake in MirLand as of March 16.
The stake in MirLand held by Fishman and his family will be reduced if the deal goes through, according to MirLand's understanding.
Mirland said it was informed of the deal by the chief executive of Jerusalem Economy. Jerusalem Economy, Industrial Buildings Corporation Ltd and Darban Investments Ltd, which are controlled by Fishman and members of his family, together owned about 85.91% of MirLand on March 16, according to the company's last annual report.
Shares in MirLand were untraded Tuesday at 53.00 pence.
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Budget hotel operator easyHotel said newly-appointed Chief Executive Officer Guy Parsons acquired 64,143 shares in the company on Friday for 70.00 pence per share. Following the transaction, Parsons now owns 114,143 shares in the company, having already bought 50,000 shares on Thursday last week. The industry veteran was appointed to the helm of the company at the end of July, starting his new role on August 10. Parsons is the former chief executive of hotel chain Travelodge. Prior to working for Travelodge, he also spent time working at Whitbread, the owner of Premier Inn, and French hotel group Accor. Shares in easyHotel closed down 2.9% to 68.00p Tuesday.
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Marston's said Non-Executive Director Catherine Glickman bought a total of 25,000 shares in the company in two tranches on Thursday and Friday. Glickman bought 21,000 shares on Thursday at 152.6843 pence per share and bought another 4,000 on Friday at 151.099p. The purchases were her first in the pub operator. Glickman is the group HR director at animal genetics company Genus and the former HR director at retailer Tesco. Shares in Marstons closed down 0.3% at 151.33p on Tuesday.
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WPP said Non-Executive Director Jacques Aigrain bought 5,000 shares in the company on Friday. Aigrain paid 1,346.00 pence per share and now owns 9,000 shares in the advertising and marketing group. Aigrain is the chairman of LCH.Clearnet Group, the European clearing house owned by the London Stock Exchange Group, and is the former chief executive of Swiss Re, the Swiss reinsurer. WPP shares closed down 3.0% to 1,311.00p on Tuesday.
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Satellite Solutions Worldwide Group said Non-Executive Chairman Rodger Sargent bought 1.5 million shares in the company on Friday. Sargent bought the shares in the satellite broadband company at an average price of 4.15 pence per share. Following the acquisition, Sargent owns 8.7 million shares in Satellite Solutions, or a 2.8% stake. Shares in the company closed down 1.7% at 4.22p Tuesday.
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Catering and outsourcing company Compass Group said Non-Executive Director Nelson Luiz Costa Silva bought 8,200 shares in the company for 1,026.00 pence per share on Friday. The purchase was Silva's first of Compass shares. Compass closed down 1.6% to 1,018.36p Tuesday.
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Oil and gas company EnQuest said Senior Independent Director Helmut Langanger has bought 200,000 shares in the company. Langanger bought the shares on Tuesday for 33.75 pence each. The shares are the first Langanger has acquired in EnQuest. EnQuest shares closed up 0.4% to 33.76p Tuesday.
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Phaunos Timber Fund said William Vanderfelt bought 150,000 shares in the company on Monday for 34.5 US cents per share. Vanderfelt, the senior independent director and chair of the remuneration committee at the investment company, now owns 7.6 million shares, or a 1.4% stake. Shares in the company closed up 4.5% Tuesday at 35.00 cents.
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By Tom Waite; thomaslwaite@alliancenews.com; @thomaslwaite
Copyright 2015 Alliance News Limited. All Rights Reserved.
8 Jun 2023 16:56
LONDON MARKET CLOSE: FTSE underperforms as US data lifts New York
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