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DIRECTOR DEALINGS: Future chiefs sell; outgoing On The Beach CEO buys

22nd Dec 2022 15:29

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

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LXi REIT PLC - "inflation-protected very long income" real estate investment trust - Simon Lee, fund manager of investment advisor LXI REIT Advisors Ltd, buys 87,450 shares at 114.35 pence, worth GBP100,000, on Wednesday this week.

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TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Giorgi Megrelishvili, deputy chief executive officer of JSC TBC Bank, sells 12,581 shares at GBP22.00, worth GBP276,782, on Wednesday. George Tkhelidze, also deputy CEO of JSC TBC Bank, sells 11,355 shares at the same price on Wednesday, worth GBP249,810.

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Unilever PLC - London-based consumer goods - Sanjiv Mehta, president of Unilever South Asia, sells 19,910 shares at EUR47.61 and EUR47.56, worth EUR947,345, on Monday this week in Amsterdam.

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EnQuest PLC - oil and gas production in UK and Malaysia - CEO Amjad Bseisu buys 4.2 million shares via family company Double A Ltd at GBP0.21, worth GBP887,049, on Monday.

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Future PLC - Chief Executive Officer Zillah Byng-Thorne sells 65,002 shares at GBP12.55, worth GBP815,775, on Thursday last week. Most of the shares are from bonus awards. Chief Financial & Strategy Officer Penny Ladkin-Brand sells 64,000 shares at GBP12.75, worth GBP816,000, on Wednesday last week.

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Moonpig Group PLC - London-based online greeting card and gifting - Chief Executive Officer Nickyl Raithatha buys 100,000 shares and Chief Financial Officer Andy MacKinnon buys 50,000 shares, both at GBP1.14, worth GBP171,000 in total, on Wednesday last week.

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On The Beach Group PLC - Manchester-based online retailer of beach holidays - Founder & CEO Simon Cooper buys 288,587 shares via Hawksford Trustees Jersey Ltd at 117.91p, worth GBP340,273, on Tuesday last week. Now has 9.7 million shares, a 5.8% stake. Earlier this month, On The Beach said CFO Shaun Morton will replace Cooper as CEO within the next 12 months.

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Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Founder Mike Ashley sells a put option over 200,000 shares with a strike price of 900 pence, worth GBP1.8 million, on December 9. The put option, which gives Ashley the right to sell Frasers shares at that price, expires in September of next year. On December 8, Ashley had bought a spread bet on 100,000 shares at 815.23 pence per share, worth GBP815,233, and sold a put option over 300,000 shares at strike price of 900p, worth GBP2.7 million, also expiring in September 2023. Frasers shares currently are priced at 735.00p.

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By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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