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DIRECTOR DEALINGS: Jardine Matheson chair sells USD2 million in shares

26th Oct 2024 13:00

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

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Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Executive Chair Ben Keswick sells 49,125 shares at USD37.67 and USD37.82, worth USD1.9 million, on Wednesday and Thursday in Singapore.

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Property Franchise Group PLC - Bournemouth, England-based property franchisor and financial services provider - Executive Director Michelle Brook sells 150,000 shares at 415p, worth GBP622,500, on Monday.

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Galliford Try Holdings PLC - Uxbridge, England-based construction firm - Human Resources Director Vikki Skene sells 70,000 shares at GBP3.62, worth GBP253,271, on Tuesday.

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Melrose Industries PLC - Birmingham, England-based aerospace firm with Engines and Structures divisions - Non-Executive Director Ian Barkshire buys 17,000 shares at 442p, worth GBP75,140, on Monday. The purchase is Barkshire's only holding, having joined the board at the start of October. He was chief executive officer of Oxford Instruments PLC until last year.

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Ecora Resources PLC - London-based mining royalty metal stream investor - CEO Marc Bishop Lafleche buys 100,000 shares at GBP0.63, worth GBP63,170, on Thursday.

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Pinewood Technologies Group PLC - Birmingham-based provider of software to the automotive retailing sector, formerly part of car dealership chain Pendragon - Non-Executive Director Jemima Bird buys 15,627 shares at GBP3.44, worth GBP52,488, on Thursday. Pinewood on Thursday held a capital markets event. It said it has made a successful start as a standalone business since February and raised guidance for underlying earnings before interest, tax, depreciation and amortisation for financial year 2027 to GBP30 million from GBP27 million. It changed its customer-facing brand to 'Pinewood.AI', meaning 'automotive intelligence'. On Tuesday, Pinewood had said Marshall Motor Group will be the first "non-associated" major UK dealer to use its software.

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Macaulay Capital PLC - Teignmouth, Devon-based investment manager and investor - Managing Director David Horner buys 250,000 at 20p, worth GBP50,000, on Tuesday. Horner now has 500,000 shares, a 4.9% stake, and the Horner family has 2.6 million shares in total, a 24.9% holding. Macaulay last month reported interim results, saying its pretax loss widened to GBP189,766 in the six months that ended June 30 from GBP105,647 a year before. Expenses were flat but income declined to GBP126,601 from GBP213,946. "We continue to see interesting investment opportunities and undertake due diligence on those that appear attractive," said Chair Lindsay Mair. "As we have said before, our investment process is rigorous and time-consuming and because we are highly selective, often unrewarding."

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By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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