DIRECTOR DEALINGS SUMMARY: Phoenix Spree Shareholders Sell 5.1% Stake

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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LONDON (Alliance News) - Phoenix Spree Deutschland said that PMM Partners (UK), the property advisor to Phoenix Spree, Non-Executive Director Matthew Northover, and other shareholders sold a 5.1% stake in the German real estate investor.

The sellers are disposing of the shares to satisfy some tax charges triggered by the completion of the company's restructuring in February and for "financial planning reasons", the company said.

The shareholders sold a total of 4.7 million shares at a price of 180.095 pence per share.

PMM Partners sold 923,096 shares, its entire holding the company, whilst Northover sold 649,997 shares, leaving him with 460,016 shares in the company or a less than 1.0% stake.

The stock closed up 0.8% at 181.90p Monday.
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Satellite data communications services provider Avanti Communications Group said two of its board members bought shares as revenue grew in the third quarter of its financial year on Monday.

Chairman Paul Walsh bought 25,000 shares at 89.5 pence each on Monday. The purchase increases his shareholding to 230,000 shares, or 0.2% of the issued share capital.

The company also said Chief Executive Officer David Williams bought 5,434 shares at a price of 91.5p each on Monday. He now holds 1.7 million shares, or a 1.2% stake in the group.

Avanti Communications on Monday said revenue grew in the third quarter of its financial year against the second and it affirmed its full-year guidance.

Avanti said its revenue for the quarter to the end of March was USD19.5 million, up 15% on a constant currency basis against the second quarter of the financial year which ends in June. Avanti affirmed its guidance for revenue in the year to the end of June to grow around 50% year-on-year on a constant currency basis.

The stock closed up 3.0% at 88.07p Monday.
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Dunelm Group said Chairman Andy Harrison 54,700 shares at a price of 907 pence per share on Friday. Following the purchase, Harrison now holds 108,133 shares, which represents a 0.05% stake in the group. The transaction was worth around GBP496,129. Shares in the furniture and homewares retailer closed down 0.5% at 914.00p Monday.
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Indivior said Chief Corporate Affairs & Communications Officer Debby Betz bought 8,300 American Depositary Receipts at a price of USD11.599 each last Thursday. The company also said Betz bought a further 200 ADRs at USD11.62 each on the same day. As a result of these transactions, Betz now has an interest in 65,400 shares in the FTSE 250 drug company. One ADR represents five ordinary shares. The stock closed down 1.0% at 160.80p Monday.
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Interserve said George Franks, managing director for the company's international division, bought 6,457 shares at a price of 308 pence per share on Monday. Following this transaction, Franks now holds 46,423 shares, which represents 0.032% stake in the construction firm. The stock closed up 3.0% at 314.40p Monday.
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Finsbury Food Group said soon to be appointed Non-Executive Director Zoe Morgan bought 20,981 shares at a price of 114.3 pence per share on Monday. The purchase is Morgan's only holding and she will assume the role of non-executive director July 4. The stock closed down 0.9% at 115.50p Monday.
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Dunedin Enterprise Investment Trust said Brian Finlayson, a director, bought 2,000 shares at a price of 323 pence per share on Monday. Following this transaction, Finlayson now holds 109,809 shares, which represents 0.53% stake in the trust. The stock closed up 1.0% at 319.00p Monday.
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Clinigen said Chief Financial Officer Martin Abell bought 11,296 shares at 518 pence each. The company also said Abell's wife bought 8,108 shares at 516p each. Following these transactions, Abell's total beneficial interest is 19,404 shares, representing approximately 0.02% of the current issued share capital. The stock closed up 0.8% at 181.90p Monday.
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Filtronic said Finance Director Michael Tyerman bought 9,340 shares at a price of 10.6 pence per share on Monday. Following this transaction, Tyerman now holds 10,611 shares, representing 0.005% of the issued share capital. Filtronic, which makes microwave electronics products for the wireless telecoms infrastructure market, in April named Tyerman as finance director, promoting him from his role as interim head of finance. The stock closed down 6.7% at 10.5p Monday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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