27th Jul 2018 14:14
LONDON (Alliance News) - DS Smith PLC on Friday said several directors participated in the fundraising launched by the packaging company on June 19.
At the time, Smith intended to raise GBP1 billion through rights issue to part fund its previously announced GBP1.45 billion acquisition of European packaging business Papeles y Cartones de Europa SA, commonly known as Europac.
The FTSE100 listed firm issued 293.1 million new shares pursuant to a 3-for-11 rights issue at 350 pence per share.
All transactions took place on Tuesday. Chairman Gareth Davis acquired 29,154 shares, worth GBP102,039, while a person closely associated with Chief Executive Miles Roberts sold 133,049, totalling GBP465,672. Finance Director Adrian Marsh acquired 60,517 shares, worth GBP211,810.
Non-Executive Directors Christopher Britton, Jonathan Nicholls, Kathleen O'Donovan and Louise Smalley bought 2,877 shares, 29,810 shares, 2,855 shares and 3,985 shares, respectively.
In addition, Supply Engine division Chief Executive Colin McIntyre purchased 2,662 shares, worth GBP9,317 while European Packaging segment Chief Executive Stepfano Rossi acquired 10,353 shares, totalling GBP36,235.
Shares in DS Smith were trading 0.1% lower on Friday at 504.60p each.
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