(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:
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U&I Group PLC - London-based property regeneration developer and investor - Chief Executive Officer Richard Upton buys 220,000 shares at an average price of GBP0.72 each, worth GBP157,366, on Thursday and Friday last week. Upton had bought 108,000 shares on Tuesday and Wednesday. Upton was promoted to role of CEO on Tuesday from chief development officer, charged with leading a 100-day strategic review that will look ways to simplify and refocus the business toward more predictable income streams.
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Oriole Resources PLC - gold explorer in West Africa - Raises GBP2.8 million from exercise of warrants for 4.2 million shares at 0.60p and 0.68p on Friday. Most of the warrants are exercised by Oriole's top team. Non-Executive Chair John McGloin exercises for 2.2 million shares and CEO Tim Livesey and Chief Financial Officer Robert Smeeton for 735,294 each. McGloin now has 6.6 million shares, a 0.4% stake, Livesey has 8.5 million, a 0.6% stake, and Smeeton 5.8 million. Oriole notes the three directors will hold onto the shares and the company is fully funded for its current exploration programme in Cameroon.
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Oracle Power PLC - coal-to-power project in Pakistan and gold project in Australia - Chief Executive Officer Naheed Memon buys 49.0 million shares at 0.45 pence, worth GBP220,512, on Friday last week. She now has 65.0 million shares, a 3.0% stake. Oracle says the purchase was in a block transaction from a single shareholder, whom it didn't name, "to facilitate their complete disposal of holdings in the company".
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Polar Capital Holdings PLC - investment manager - Non-Executive Director Brian Ashford-Russell sells 15,547 shares at 681.65 pence, worth GBP105,977, on Friday. Ashford-Russell had sold 70,855 shares the Friday before.
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RTW Venture Fund Ltd - invests in life sciences, biopharmaceutical and medical technology companies - Chair William Simpson buys 25,000 shares via Simpson Ltd at USD2.12, worth USD53,000, on Monday.
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By Tom Waite; thomaslwaite@alliancenews.com
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Polar Capital (POLR)
Oracle Power (ORCP)
Oriole (ORR)
Rtw Biotech (RTW)