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Director dealings: CLS deputy chair linked to purchase, Paragon CEO covers tax bill

Wed, 23rd Aug 2023 14:33

(Sharecast News) - CLS Holdings was on the list of director buys on Wednesday, after its deputy chairman was linked to a purchase worth more than £2.5m.

The company said Creative Value Investment VI Limited picked up two million shares on 23 August, in a single transaction on the London Stock Exchange.

It paid 125.7p for each share, valuing the transaction at £2,514,000.00.

In its disclosure, CLS said Creative Value Investment VI Limited is closely associated with its non-executive director and deputy chairman, Anna Seeley.

It also described the entity as an investment vehicle of the Sten and Karin Mortstedt Family & Charity Trust.

On the selling side of the ledger was Paragon Banking Group, after its chief executive officer covered his tax bill on the exercise of a number of options.

The firm said Nigel Stewart Terrington exercised 55,302 nil-cost options on 23 August, which were granted under the Paragon Deferred Share Bonus Plan.

He then sold 26,045 shares to cover his tax withholding obligations and dealing costs, at 503.7948p apiece, netting a total of £131,213,36.

As a result, Terrington retained 29,257 shares from the exercise.

At the close on Wednesday, shares in CLS Holdings were up 1.62% at 125.6p, while those in Paragon Banking Group were 1.57% firmer at 506p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Cls Holdings (CLI)

Director name: Seeley,Anna L K

Amount purchased: 2,000,000 @ 125.70p

Value: �2,513,999.94

Aviva (AV.)

Director name: Blance,Andrea

Amount purchased: 26,500 @ 381.19p

Value: �101,015.25

Smith & Nephew (SN.)

Director name: Quarta,Roberto

Amount purchased: 5,513 @ 1,066.67p

Value: �58,805.78

Tialis Essential It (TIA)

Director name: Smith,Ian

Amount purchased: 100,000 @ 44.25p

Value: �44,250.00

Great Portland Estates (GPE)

Director name: Mully,Richard Stephen

Amount purchased: 10,000 @ 387.00p

Value: �38,700.00

Bluefield Solar Income Fund Limited (BSIF)

Director name: Scott,John

Amount purchased: 9,185 @ 108.87p

Value: �9,999.71

Molten Ventures (GROW)

Director name: Gentleman,Sarah

Amount purchased: 4,444 @ 225.00p

Value: �9,999.00

Bluefield Solar Income Fund Limited (BSIF)

Director name: Scott,John

Amount purchased: 9,125 @ 109.45p

Value: �9,987.31

Smith & Nephew (SN.)

Director name: Ma,John

Amount purchased: 288 @ 2,707.09p

Value: �7,796.42

Smith & Nephew (SN.)

Director name: White,Bob

Amount purchased: 288 @ 2,707.09p

Value: �7,796.42

Smith & Nephew (SN.)

Director name: Hofsaess,Katarzyna Mazur

Amount purchased: 488 @ 1,066.67p

Value: �5,205.37

Smith & Nephew (SN.)

Director name: Owen,Marc

Amount purchased: 190 @ 2,707.09p

Value: �5,143.47

Smith & Nephew (SN.)

Director name: Medlock,Rick

Amount purchased: 353 @ 1,066.67p

Value: �3,765.36

Smith & Nephew (SN.)

Director name: Risley,Angie

Amount purchased: 323 @ 1,066.67p

Value: �3,445.36

Smith & Nephew (SN.)

Director name: Hallas,Jo

Amount purchased: 323 @ 1,066.67p

Value: �3,445.36

Smith & Nephew (SN.)

Director name: Engstrom,Erik

Amount purchased: 323 @ 1,066.67p

Value: �3,445.36

Integrafin Holding (IHP)

Director name: Gunby,Jonathan

Amount purchased: 66 @ 226.80p

Value: �149.69

Integrafin Holding (IHP)

Director name: Scott,Alexander

Amount purchased: 66 @ 226.80p

Value: �149.69

Abrdn Smaller Companies Income Trust (ASCI)

Director name: Fletcher,David

Amount purchased: 1 @ 261.86p

Value: �2.62

Top Director Sells

Paragon Banking Group (PAG)

Director name: Terrington,Nigel S

Amount sold: 26,045 @ 503.79p

Value: �131,213.36

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