DIRECTOR DEALINGS: Exiting DSW CEO buys; Borovitz family ups MTI stake

Wed, 11th Dec 2024 12:44

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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DSW Capital PLC - Warrington, England-based professional services via Dow Schofield Watts and DR Solicitors brands - Chief Executive James Dow buys 508,700 shares, at 66.5 pence, worth GBP338,286, on Tuesday. Dow now has 4.1 million shares, a 16.5% stake. Dow co-founded DSW with Jon Schofield and Mark Watts back in 2002. He will step down as CEO on April 1, succeeded by Shru Morris, currently deputy CEO.

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Melrose Industries PLC - Birmingham, England-based aerospace technology firm composed of parts of the former GKN - Non-Executive Director Chris Grigg buys 17,636 shares at GBP5.67, worth GBP100,010, while Non-Executive Director David Lis sells 47,950 shares mostly at GBP5.65, worth GBP271,176, both on Monday. Griggs now has 27,736 shares and Lis has 70,000, both less than 0.01% stakes.

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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology - An investment vehicle of the Borovitz family, which includes Chair Zvi Borovitz and CEO Moni Borovitz, buys 350,000 shares at 43p, worth GBP150,000, on Tuesday. The family investment vehicle and the chair and CEO directly have a 33% holding in MTI in total. MTI also says the Beer family, a substantial shareholder, buys 450,000 shares at the same price on Tuesday, worth GBP193,500, and now has an 11% stake. Late last month, MTI reported nine-month results, saying net profit increased by 10% to USD3.1 million in first three quarters of 2024 from USD2.8 million a year before, on steady revenue of USD33.7 million. MTI said it expects to declare a final dividend with its full-year results release in the first quarter of 2025.

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By Tom Waite, Alliance News editor

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