LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Oil and gas major BP said Chairman Carl-Henric Svanberg bought 1 million shares at a price of GBP3.430777 each, making the purchase worth GBP3.4 million. His total shareholding was undisclosed.
Svanberg became chairman of BP in January 2010. He was president and chief executive officer of Ericsson, also serving as the chairman of Sony Ericsson Mobile Communications AB and was a non-executive director of Ericsson between 2009 and 2012. He was appointed chairman and a member of the board of AB Volvo in April 2012.
The stock closed up 0.6% at 339.77 pence Monday.
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7digital Group said it has sold the remainder of its investment in Audioboom Group for GBP1.9 million, which it plans to use to invest in its 7digital platform and to strengthen its working capital position.
The digital music and radio services company sold 58 millions shares and an associated 8.77 million warrants over Audioboom shares at a price of 3 pence and 1.5 pence respectively.
7digital acquired its stake in Audioboom through the reverse acquisition by UBC Media Group in June last year. In combination with the GBP3.5 million it made from selling part of its stake in Audioboom last October, it has raised a total of GBP5.4 million from the investment.
Separately, Audioboom said Candy Ventures, in which Audioboom director Nick Candy is a director and majority shareholder, bought 16 million shares in the company at 3.0 pence per share last Friday. This takes Candy's interest in the company to 40.82 million shares, or a 7.62% stake in Audioboom. Nick Candy and his brother Christian Candy are British luxury property developers.
Shares in Audioboom closed up 14% at 5.12 pence Monday.
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WPP said Non-Executive Director Charlene Begley bought 200 American Depositary Receipts at a price of USD102.235 each Thursday. The 200 ADRs are equivalent to 1,000 ordinary shares. The purchase is her only holding in the advertising and marketing group. The stock closed up 1.0% at 1,337.31 pence Monday.
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Go-Ahead Group said Non-Executive Director Nick Horler bought 1,038 shares at a price of GBP23.94 per share Friday, which is his only holding. Shares in the public transport operator closed down 0.9% at 2,382.00 pence Monday.
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Industrial Multi Property Trust said Non-Executive Director Donald Lake bought 15,000 shares at a price of 113.5 pence per share. Following this transaction, Lake now holds 47,900 shares, which represents 0.57% stake in the trust. The stock closed at 119.35p, up 6.1% Monday.
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Elegant Hotels Group said Non-Executive Director Nick Basling bought 10,000 shares at a price of 108.99 pence per share. The purchase is his only holding in the hotel operator. The stock closed up 0.1% at 109.05p Monday.
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International Greetings said the wife of Chairman John Charlton sold 10,000 shares at a price of 150.4 pence per share on Friday. Following this transaction, Charlton's beneficial and non-beneficial shareholding is 657,500 shares, representing 1.1% of the current issued share capital. Shares in the gift packaging company closed down 1.4% at 142.50p Monday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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