Less Ads, More Data, More Tools Register for FREE

Directors dealings: Activist investor Bramson tops up stake in Electra

Fri, 27th May 2016 14:18

(ShareCast News) - Electra boss Edward Bramson picked up another large slice of shares in the listed private equity outfit on the same day of his appointment as interim chief executive officer of the firm.Bramson and one of his associates, Ian Brindle, were named to Electra Private Equity´s board on 5 November 2015 following an activist campaign by the former through his vehicle Sherborne Investors.The activist investor had pushed for a review of Electra´s investment policy and of its relationship to Electra Partners, the separate investment outfit overseeing its £1.7bn of buyout investments.On 26 May, Sherborne Investors purchased 42,719 shares at an individual price of 3,794p each for a total amount of £1.62m, raising Bramson´s stake to 11.4m shares, which equated to 28.36% of Electra´s equity.That same day Electra announced that it had served Electra Partners with a notice of termination of the Management & Investment Guideline Agreement which had been in place.Top Director BuysElectra Private Equity (ELTA)Director name: Bramson,EdwardAmount purchased: 42,719 @ 3,794.00pValue: £1,620,758.80Restaurant Group (RTN)Director name: Clemett,GrahamAmount purchased: 14,218 @ 351.00pValue: £49,905.18Minds + Machines Group Limited (di) (MMX)Director name: Elliott,GuyAmount purchased: 300,000 @ 10.00pValue: £30,000.00Sirius Real Estate Ltd. (SRE)Director name: Marks,Alistair Amount purchased: 56,053 @ € 0.51Value: € 28,587.03Surgical Innovations Group (SUN)Director name: Hardy,PaulAmount purchased: 1,140,000 @ 1.75pValue: £19,950.00Surgical Innovations Group (SUN)Director name: Rogers,NigelAmount purchased: 1,140,000 @ 1.75pValue: £19,950.00Servicepower Technologies (SVR)Director name: Fitzwilliam-Lay,HughAmount purchased: 338,269 @ 2.60pValue: £8,794.99Top Director SellsCapital & Counties Properties (CAPC)Director name: Hawksworth,IanAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Capital & Counties Properties (CAPC)Director name: Yardley,GaryAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Capital & Counties Properties (CAPC)Director name: Das,SoumenAmount purchased: 600,000 @ 346.00pValue: £2,076,000.02Whitbread (WTB)Director name: Smalley,Louise Amount purchased: 6,788 @ 4,279.00pValue: £290,458.53Travis Perkins (TPK)Director name: Buffin ,Tony Amount purchased: 4,042 @ 1,801.11pValue: £72,800.93

Related Shares

More News
10 Jan 2022 11:08

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

SMALL-CAP WINNERS & LOSERS: Canadian Overseas soars on oil discovery

10 Jan 2022 10:25

Electra set to be Unbound, reports Hotter revenue rise at end of 2021

Electra set to be Unbound, reports Hotter revenue rise at end of 2021

10 Jan 2022 08:13

LONDON BRIEFING: Tortilla Mexican Grill sizzles in Q4 despite Omicron

LONDON BRIEFING: Tortilla Mexican Grill sizzles in Q4 despite Omicron

23 Dec 2021 15:54

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

9 Dec 2021 10:49

IN BRIEF: Electra Private Equity sets listing as Unbound for January

IN BRIEF: Electra Private Equity sets listing as Unbound for January

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.