21st Jan 2016 17:09
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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ASOS said Nick Robertson, its co-founder and a non-executive director, sold 198,586 shares at 2,915.504 pence each between Wednesday and Thursday. The deal was worth GBP5.8 million before expenses.
After the sale Robertson holds 6.8 million shares in the online fashion retailer, equating to an 8.15% stake.
Last September, Robertson stood down as chief executive after 15 years but remained with the company in a non-executive capacity. Robertson founded ASOS back in 2000 with Quentin Griffiths, who left the company in 2005 and who has since founded Achica.com, an online luxury goods retailer. It originally operated under the name AsSeenOnScreen and sold items inspired by celebrity fashion trends.
ASOS last week reported growth in revenue in the four months to the end of 2015 as sales rose both in the UK and internationally, boosted by price investments and record sales over 'cyber weekend'.
The stock closed up 2.4% at 2,961.85p Thursday.
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Respiratory drug development company Verona Pharma said Chairman David Ebsworth bought 400,000 shares at a price of 2.5p each on Wednesday. Following this transaction, Ebsworth holds 4.6 million shares, which represents 0.46% of the total voting rights. The stock closed up 14% at 2.70p Thursday.
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Curtis Banks Group said Non-Executive Director Jules Hydleman purchased 12,500 shares at 320p each last Friday. Following this transaction, Hydleman is interested in a total of 51,973 shares, which represents 10% of the issued share capital. Legal & General Group last Friday said it will sell Suffolk Life, a UK provider and administrator of self-invested personal pensions, to AIM-listed Curtis Banks for GBP45.0 million, as part of a strategy of selling non-core assets to improve returns. The stock closed down 2.1% at 350.00p Thursday.
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Polar Capital Technology Trust said Non-Executive Director Charlotta Ginman bought 2,744 shares at a price of 552p per share on Thursday. The purchase is Ginman's only holding in the trust. The stock closed up 4.3% at 568.50p Thursday.
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Dillistone Group said Chairman Mike Love bought 60,000 shares at a price of 69.5p per share on Wednesday. Following this transaction, Love has a beneficial interest in 989,754 shares, representing 5.03% of the issued share capital. Shares in the software provider closed down 3.7% at 65.00p Thursday.
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Birmingham-based bus operator Rotala said Chairman John Gunn bought 113,000 shares at a price of 76.00p per share through the Gunn charitable trust on Wednesday. Following this transaction, Gunn has a beneficial interest of 6.1 million shares, which represents a holding of 16.11% of the shares in issue. He also has a total direct and indirect interest of 9.2 million shares, which represents a holding of 24.16% of the shares in issue. The company also said Chief Executive Officer Simon Dunn bought 5,013 shares at 75.55p each on Wednesday. He now holds 1.4 million shares or a 3.72% stake. The stock closed up 1.4% at 75.55p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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