LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Fashion retailer SuperGroup said Product and Brand Director Julian Dunkerton, one of the company's founders, is selling 4.0 million shares via an accelerated bookbuild with institutional investors. The shares represent a stake of approximately 4.9% of the company.
SuperGroup said Dunkerton was selling the shares "due to personal circumstances". Following this transaction, Holder will hold 22.1 million shares, representing 27.2% of the issued share capital.
The placing is being managed by Investec Bank and Canaccord Genuity, acting as joint bookrunners. SuperGroup said the books for the placing will open immediately and will close no later than 4.30pm on Friday.
SuperGroup shares closed down 2.3% at 1,329.00 pence.
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In wake of a profit warning issued on Wednesday, which saw the stock set a new 52-week low of 28.20 pence, Renold said two of its top executives bought shares in the industrial equipment maker.
Renold said Mandy Harper, a connected person to Chairman Mark Harper, bought 42,735 shares at a price of 35.1 pence per share on Thursday. Following this transaction, the Harpers' hold 511,924 shares, which equals a 0.23% stake in the group.
Finance Director Brian Tenner bought 100,000 shares at a price of 33.25p per share on Wednesday. Following this transaction, Tenner holds 558,396 shares, which represents a 0.25% stake.
Renold on Wednesday said underlying sales and adjusted operating profit for its full financial year to the end of March will be lower than the prior year following a weak start to the second half.
The stock closed up 6.2% at 34.50p Thursday.
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Online fashion retailer Boohoo.com said its Chairman Peter Williams and two non-executive directors have all waived their rights to non-executive options that were awarded to them at the time of the company's flotation in March 2014. Williams and Non-Executives Stephen Morana and Mark Newton-Jones waived the rights, and following this none of the three have an interest in options over shares in the company. This brings Boohoo in to line with "best corporate governance practice in this area", it said. This means the total number of options over shares in the company now stands at 33.2 million, or 2.95% of the company's issued share capital. Shares in Boohoo closed down 1.9% at 39.50p Thursday.
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Spain-focused gold and tungsten explorer Aurum Mining said it has entered into a convertible loan agreement with Chairman David Williams to fund its gold portfolio in north-west Spain. Aurum Mining said the value of the loan is GBP50,000, is unsecured, accrues no interest, and has no fixed repayment date. The loan is convertible at the price at which equity in the company is next issued. Aurum Mining said Williams also bought 1.0 million shares at 0.76p per share on Thursday. Following the transaction, Williams now has a 29.7% stake in the company. Aurum Mining shares closed up 20% at 0.90p on Thursday.
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Asset and energy support services company Lakehouse said Non-Executive Director Johnathan Ford bought 50,000 shares at 38.57p per share on Wednesday. Following this transaction, Ford holds 83,707 shares. The stock closed up 3.2% at 40.75p Thursday.
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IT services company Pinnacle Technology Group said Non-Executive Director Simon Duckworth bought 250,000 shares at a price of 8.2p per share on Wednesday. Following this transaction, Duckworth holds 4.3 million shares, which represents 1.9% stake in the group. The stock closed up 1.9% at 8.28p Thursday.
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Schroder UK Mid Cap Fund said Non-Executive Director Robert Talbut bought 2,500 shares at a price of 428.45p per share Thursday. The purchase makes up his entire holding after being appointed on February 10. The stock closed down 2.1% at 427.00p Thursday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
20 Jan 2017 15:51
Directors dealings: Supergroup founder Dunkerton pares stake
(ShareCast News) - Supergroup founder Julian Dunkerton sold a hefty amount of shares in the £1.25bn market cap fashion retailer, even as its shares c...
