15th May 2018 17:43
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.----------Accrol Group Holdings said it intends to raise GBP8.0 million through a placing of 53.3 million shares at a price of 15.0 pence per share.Shares in the toilet and tissue paper maker ended down 2.6% at 18.50 pence on Tuesday.Proceeds will go towards ensuring the restructuring programme to improve operational efficiencies can continue, paying the costs associated with the placing and support future working capital requirements.The shares raised are expected to reflect a 29% interest in Accrol's enlarged share capital.Several directors are expected to take part in the placing.Executive Chairman Daniel Wright will purchase 1.3 million shares for GBP200,000, giving him 1.7 million shares in total, or a 1.0% stake.Chief Executive Officer Gareth Jenkins will acquire 500,000 shares for GBP75,000, meaning he will hold 600,000 shares, or a 0.3% interest.Interim Chief Financial Officer Martin Leitch will buy 266,666 shares for GBP40,000, which makes up his entire shareholding.Non-Executive Director Joanne Lake is expected to purchase 33,333 shares for GBP5,000, giving her 68,333 shares in total.In addition, Accrol has proposed an open offer to raise a further GBP2.0 million from shareholders by issuing 13.3 million shares at the same price.----------FTSE 100-listed GlaxoSmithKline said that Phil Thomson, president of Global Affairs sold 65,000 shares at a price of 1,469.67 pence on Tuesday. It has not been disclosed how many shares Thomson now holds following this transaction. Shares in the FTSE 100-listed drugmaker ended down 0.6% at 1,471.90 pence on Tuesday.----------Franchise Brands said Non-Executive Director David Poutney purchased 225,000 shares at a price of 75.5 pence per share last Thursday. Following this transaction, Poutney now holds 3.0 million shares in total, reflecting a 3.8% interest in the company. Shares in Franchise Brands ended up 3.8% at 82.00 pence on Tuesday.----------Related Shares:
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