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DIRECTOR DEALINGS SUMMARY: Fitbug Directors To Subscribe In Open Offer

Thu, 21st Jul 2016 16:12

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Fitbug Holdings said a group of directors have indicated their intention to subscribe for shares in its open offer to raise GBP2.6 million.

Chairman Donald Stewart will subscribe for 2 million shares at the open offer price of 0.25 pence, as will newly appointed Chief Financial Officer Tyler Tarr and Non-Executive Mark Ollila.

In addition, Chief Executive Officer Anna Gudmundson will subscribe for 2.4 million shares at the same price.

Shares in the wearable devices maker closed up 2.0% at 0.250 pence Thursday.
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Low-cost African airline Fastjet said it raised GBP19.2 million via a placing and open offer, with the latter at a significant premium.

Fastjet said it raised GBP15.0 million via the placing, conducted via an accelerated bookbuild by investment bank Liberum Capital Ltd. In addition it will raise GBP4.2 million via an open offer.

Executive Chairman Colin Child agreed to subscribe for 140,000 shares at the issue price as part of the placing, his only holding in the company.

The shares were placed at 50.00 pence per share, a significant premium to the company's closing price of 23.13p on Wednesday. Shares in Fastjet closed up 43% to 33.00p.
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Homeserve said Tom Rusin, chief executive of its US arm, bought 49,177 shares at a price of 551.2p per share Wednesday. Following this transaction, Rusin now holds 371,175 shares in the home emergency repair services company. The stock closed down 1.0% at 541.50p Thursday.
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Amino Technologies said Anne Todd, wife of Chairman Keith Todd, purchased 12,246 shares at a price of 135.5 pence per share on Thursday. Earlier on Thursday the company said Anne Todd had purchased 25,000 shares at a price of 133.0 pence per share on Wednesday. Following the purchases, Keith Todd is beneficially interested in 457,690 shares, representing 0.6% of the issued share capital. Shares in the digital entertainment technology company closed up 3.0% at 137.00p Thursday.
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Conygar Investment Company said Chief Executive Officer Robert Ware bought 100,000 shares at a price of 133.5p per share on Wednesday. The stock closed down 0.4% at 134.00p Thursday.
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Picton Property Income said Chairman Nick Thompson bought 15,000 shares at a price of 68.0p per share Wednesday. Following this transaction, Thompson now holds 133,366 shares. Picton Property on Wednesday said its net asset value per share rose in the first quarter as it declared its first interim dividend of the current financial year. The stock closed down 0.3% at 68.00p Thursday.
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BCA Marketplace said Chairman Avril Palmer-Baunack bought 13,626 shares at 176.1p per share on Thursday. Following the purchase, Palmer-Baunack holds 680,293 shares, representing 0.087% of the total shares in issue. Shares in the used-vehicle marketplace closed down 0.1% at 177.25p Thursday.
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AdEPT Telecom said Unified Communications Director Richard Burbage bought 125,000 shares at 240p per share on Thursday. The purchase is Burbage's only holding in the data telecommunication services provider. The stock closed down 3.5% at 241.35p Thursday.
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EKF Diagnostics Holdings said Harwood Capital LLP, a vehicle connected to Chairman Christopher Mills, bought 2.9 million shares at a price of 15p per share on Tuesday. Harwood acts as investment manager to North Atlantic Smaller Companies Investment Trust where Mills is chief executive and investment manager. Following this transaction, Mills holds a total indirect beneficial interest in 130 million shares, or a 28% stake in EKF. Shares in the medical diagnostic instruments company closed down 0.4% at 15.44p Thursday.
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Sanderson Group said Finance Director Adrian Frost bought 10,000 shares at a price of 66.99p per share on Wednesday. Following this transaction, Frost has a beneficial interest in 277,421 shares, or a 0.5% stake in the software and IT services business. The stock closed up 5.1% at 70.45p Thursday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2016 Alliance News Limited. All Rights Reserved.

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