DIRECTOR DEALINGS SUMMARY: Koovs Directors To Subscribe For Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Koovs on Monday said it will raise GBP4.5 million through the issue of 17.8 million shares at 25.00 pence each to back further marketing activity, in which Chairman Waheed Alli will participate, amongst others.

The Indian online fashion retailer said it will invest the money in increased marketing and broadening the product range as well as for funding working capital.

The raising comprises subscriptions by Nextwave Ventures and Alli for 14.8 million shares, and a placing with an institutional investor of 3 million shares. Peel Hunt is acting as nominated adviser, broker and sole bookrunner.

Of the 14.8 million shares, Alli will subscribe for 5.6 million, meaning he and his wholly-owned company Silvergate Investments will have an interest in 12.9 million shares, representing 29% of Koovs' issued share capital.

Nextwave Ventures, a company connected to Koovs Non-Executive Director Anant Nahata, will subscribe for 9.2 million shares, following which Nahata and his connected persons will be interested in 12.8 million shares, representing 29% of the company's issued share capital.

Michinoko is subscribing for the remaining 3 million shares, giving it 7.6 million shares representing 17% of Koovs' issued share capital.

Earlier on Monday, Koovs said its sales tripled in the final months of 2015, boosted by its newly-launched marketing campaign. Sales in the period from September 28 to January 3 rose to GBP3.0 million, slightly more than triple the amount made a year earlier.

The company also noted earlier on Monday that it was in the final stages of agreeing the GBP4.5 million fundraising, which has now been finalised.

Shares in Koovs closed down 2.1% at 23.00 pence on Monday.
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Applied Graphene Materials said on Monday a group of directors each acquired 7,619 shares after participating in a share placing.

Applied Graphene Materials said in December, that it conditionally raised GBP8.1 million through the placing of 4.6 million shares at 175p each, and also announced an open offer for up to 1.1 million shares to raise up to GBP2.0 million at the same price.

Chairman Bryan Dobson, Chief Executive Officer Jon Mabbitt, Chief Financial Officer Oliver Lightowlers, and Chief Scientific Director Karl Coleman all took part in the placing. They now hold 123,205 shares, 121,735 shares, 39,877 shares, and 1.7 million shares respectively.

The company also said non-executive directors Sean Christie and Mike Townsend also participated constituting their only holdings.

Applied Graphene Materials closed down 0.4% at 182.30p Monday.
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Marks & Spencer said Non-Executive Director Alison Brittain bought 2,500 shares at GBP4.28586 each. The company also said Non-Executive Director Andrew Fisher bought 3,536 shares at GBP4.28456 each. The stock closed down 1.5% at 424.47p Monday.
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Tracsis said Chief Executive Officer John McArthur sold 120,000 shares at a price of 515.9p per share on Friday. Following this transaction, McArthur has 1.1 million shares representing 3.9% of the total issued share capital. Shares in the data capture software provider for the transport industry closed down 0.2% at 524.00p Monday.
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Marwyn Management Partners said Non-Executive Director Ian Steer bought 40,000 shares at a price of 3p per share on Monday. Following the transaction, he holds 134,000 shares, representing approximately 0.02% of the company's issued share capital. Shares in the investment company closed up 9.1% at 3.00p Monday.
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WYG said two of the company's non-executive directors bought a total of 33,590 shares on Friday. Neil Masom acquired 28,590 shares at a price of 139.89p each and Jeremy Beeton bought 5,000 shares at 140.25p each. The purchases represent their only holdings after being appointed in October 2015. Shares in the project management and technical consultancy closed up 0.4% at 140.00p Monday.
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U & I Group said Deputy Chief Executive Richard Upton acquired 4,335 shares last Thursday. The shares were purchased at 231p each. Upton now owns 2.9 million shares in the company, equivalent to a 2.287% stake. Shares in the property regeneration company closed down 0.1% at 231.86p Monday.
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Oil and gas exploration company Cairn Energy said Director of Exploration Richard Heaton, with his wife, bought 40,000 shares at a price of 137p per share on Friday. Following this transaction, Heaton holds a beneficial interest in 778,637 shares, which represents a 0.135% stake. The stock closed down 2.3% at 134.60p Monday.
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Fishing Republic said Chief Executive Officer Steve Gross bought 112,716 at a price of 17.3p each on Friday. Following this transaction, Gross is beneficially interested in 11.2 million shares, representing 41.7% of the total issued share capital of the fishing tackle company. The stock closed up 0.6% at 16.85p Monday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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