UK DIRECTOR DEALINGS SUMMARY: New Amigo Leadership Team Buys Shares

Fri, 27th Nov 2020 15:05

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News:

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Amigo Holdings PLC - Bournemouth, England-based provider of guarantor loans - Chief Executive Officer Gary Jennison and wife buy 500,000 shares at GBP0.095, worth GBP47,500, on Thursday. Non-executive directors Maria Walker and Michael Bartholomeusz each buy 107,569 shares at GBP0.091 and GBP0.093, worth about GBP19,800, on Thursday and Friday, respectively. Jennison became CEO in September, moving over from non-executive director, amid a shake-up of leadership at the troubled company. Walker was appointed to the board in October and Bartholomeusz earlier this month. Amigo on Thursday reported a swing to loss for the half year to September 30, as its loan book took a hit on a 20% drop in customer numbers and provisions for customer complaints were ramped up. On Friday, Amigo says it has reached agreement for a further extension of the performance trigger waiver period of its GBP250 million securitisation facility to June 25, 2021. The facility was drawn at GBP132.4 million as of the date of renewal.

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British Land Co PLC - Outgoing CEO Chris Grigg and Fionna Grigg sell 220,000 shares at 473.71 pence on Monday and 180,000 shares at 475.49p on Thursday, together worth GBP1.9 million. Grigg was in post for 11 years and is being replaced by as CEO by Chief Financial Officer Simon Carter.

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Brewin Dolphin Holdings PLC - London-based stockbroker and wealth manager - Chief Executive Robin Beer buys 38,000 shares at 265.5p, worth GBP100,890, on Thursday.

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Ncondezi Energy Ltd - coal-fired power project in Mozambique - Non-Executive Director Scott Fletcher buys 933,690 shares at average 5.44p, worth GBP50,802, on Wednesday. Fletcher will have 63.4 million shares after the company's placing shares are admitted to trading on December 8, giving him a 17.3% stake. Last week he bought 3.8 million shares. Fletcher is the company's largest shareholder and joined the board in October.

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PureTech Health PLC - London-based clinical-stage biotherapeutics - Chief of Strategy & Business Bharatt Chowrira buys 1,090 American depositary shares, each representing 10 ordinary shares, at average USD38.60 per ADS, worth GBP42,074, on Wednesday.

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ITV PLC - London-based television broadcaster - Non-Executive Director Edward Bonham Carter buys 50,000 shares at GBP0.93, worth GBP46,510, on Thursday.

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Homeserve PLC - Walsall, England-based home repairs and improvements - Senior Independent Director Katrina Cliffe buys 2,700 shares at GBP10.68, worth GBP28,836, on Friday.

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Riverstone Credit Opportunities Income PLC - invests in senior secured loans in energy sector - Director Emma Davies buys 20,000 shares at 69 US cents, worth USD13,800, on Thursday.

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Witan Investment Trust PLC - invests in global growth stocks - Non-Executive Director Ben Rogoff buys 10,000 shares at 206.33p, worth GBP20,633, on Friday.

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AVI Japan Opportunity Trust PLC - invests in portfolio of 20 to 30 Japanese stocks - Investment Manager Tom Treanor buys 18,325 shares at GBP1.10, worth GBP19,999, on Friday.

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Honye Financial Services Ltd - Cayman Islands-based company seeking acquisitions in financial services and financial technology - Executive Director Terry Liu sells 204,100 shares at average 37.85p, worth GBP77,252, between June 10 and this past Wednesday, as part of an agreement between Liu and the company's broker to sell shares in order to provide liquidity in them.

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By Tom Waite; thomaslwaite@alliancenews.com