LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
----------
Howden Joinery Group said Chief Executive Officer Matthew Ingle sold 1.25 million shares at an average price of 492.49 pence per share on Thursday.
The deal is worth about GBP6.2 million gross. Following the transaction, Ingle holds 4.0 million shares, equivalent to a 0.62% stake in the kitchen supplier.
Shares in Howden Joinery closed up 0.5% at 493.20p Friday.
----------
Marks and Spencer Group said Senior Independent Director Vindi Banga bought 91,700 shares at a price of GBP5.4850 per share Wednesday. Following this transaction, Banga holds 93,700 shares. He is chairman of the remuneration committee at M&S and a member of the nomination committee. He was appointed as a non-executive director in 2011. Shares in the clothing and food retailer closed down 0.8% at 546.00 pence Friday.
----------
Student accommodation developer Unite Group said Richard Simpson, head of its property division, sold 12,319 shares at a price of 649.50 pence per share. Following this transaction, Simpson now holds 75,625 shares, which represents 0.034% stake in the firm. Unite Group on Wednesday posted a huge rise in pretax profit in the first half of 2015, driven in part by gains made on the revaluation of its property but also by growth in its rental income and revenue, prompting the company to more than double its dividend payout. The stock closed at 669.00p up 0.6% Friday.
----------
Old Mutual, the Anglo-South African financial services company, said Catherine Fivaz, a connected person to Chief Operating Officer Paul Hanratty, sold 385,000 shares at a price of GBP2.2786 pence per share. The deal is worth about GBP787,000 gross. Following this transaction, Hanratty and Fivaz hold 439,547 shares.
Separately, Non-Executive Director Nonkululeko Nyembezi-Heita bought 3,988 shares at GBP2.281 each Friday. After the transaction, Nyembezi-Heita holds 10,419 shares.
Old Mutual on Thursday reported a 19% increase in adjusted operating profit for the first half of 2015, and increased its interim dividend by 8%, bolstered by operations in the UK and South Africa.
The stock closed down 0.9% at 227.00p Friday.
----------
Brammer said Finance Director Paul Thwaite sold 200,000 shares at a price of 319.86 pence per share as part of a court ordered divorce settlement. The value of the transaction is about GBP638,000 before expenses. Following the enforced disposal, Thwaite now holds 548,526 shares representing 0.42% of the issued share capital. The stock closed at 309.25 pence, down 1.0% Friday.
----------
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
Howden Joinery (HWDN)
Marks & Spencer (MKS)
Unite (UTG)