LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Orange plantation operator Asian Citrus Holdings on Monday said its biggest shareholder sold a large chunk of its stake in the company in an off-market deal in Hong Kong.
Asian Citrus said Market Ahead Investments sold a 14.34% stake in the company to Changjiang Tyling Management for HKD200 million. Changjiang is a British Virgin Islands-based company half-owned by Asian Citrus Chief Executive Ng Ong Nee, with the other half owned by an unnamed third party.
Changjiang also has the option to subscribe for another 1.6 million shares in Asian Citrus between May 2016 and May 2019.
The move means Market Ahead's stake in Asian Citrus has been cut to 4.68%. Following the deal, Chiangjiang will become the company's third-largest shareholders, according to Morningstar data.
Shares in Asian Citrus had been suspended in Hong Kong earlier in the day, pending the announcement of an off-market sale by a substantial shareholder, who the company did not name in the earlier announcement. Its trading on AIM in London was unaffected by the Hong Kong suspension.
Its Hong Kong shares will be restored to trading on Tuesday morning.
Shares closed down 1.0% at 10.76p in London.
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Ediston Property Investment Co said a group of non-executives bought shares on Monday via a share placing. Non-Executive Chairman William Hill purchased 35,000 shares, Lourde Archibald, a connected person to Robin Archibald, bought 10,000 shares while Robert Dick bought 20,000 shares. Following the purchases Hill. Archibald and Dick hold 50,000, 25,000 and 30,000 shares respectively. Ediston Property last Thursday said it raised GBP35.9 million via a share placing, slightly less than the GBP40 million the company had targeted when it announced the deal Wednesday. Ediston issued 33.3 million shares at 108 pence per share. Shares in the property investment company closed flat at 109.00p Monday.
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Crawshaw Group said a group of directors including departing Finance Director Lynda Sherratt sold a total of 950,000 shares at a price of 58 pence Monday. Sherratt sold 300,000 shares, while Non-Executive Director Mark Naughton-Rumbo and Managing Director Kevin Boyd sold 50,000 and 600,000 shares respectively. Sherratt will step down from her role at the end of 2015, when a full-time chief financial officer will be appointed. Shares in the food retailer closed down 2.5% at 58.00p Monday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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12 Jan 2024 11:07
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