9th Mar 2016 17:15
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Broadcaster ITV said incoming Chairman Peter Bazalgette bought 150,430 shares at a price of 231.5 pence per share on Tuesday.
After the purchase, he holds 164,115 shares.
Bazalgette will replace incumbent Archie Norman on May 12 and has been a non-executive director of ITV since June 2013. He is currently the chair of Arts Council England, a position he will hold until January 2017. He also is president of the Royal Television Society.
Bazalgette is the former chairman of television producer Endemol UK and is credited with the creation of a number of formats, including reality television show Big Brother.
The stock closed up 1.2% at 232.68p Wednesday.
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Car dealer Vertu Motors said it has raised GBP35.0 million through a share placing to fund its acquisition pipeline.
Vertu said it has issued 56.0 million shares at 62.5 pence per share to raise the funds.
A series of Vertu directors took part in the placing. Non-Executive Chairman Peter Jones acquired 280,000 shares, taking his total holding up to 1.4 million shares, while Chief Executive Robert Forrester bought 80,000 shares, taking his holding to 6.7 million shares, or a 1.7% stake.
Finance Director Michael Sherwin bought 48,000 shares, taking his holding up to 412,597 shares, while Non-Executive Director William Teasdale bought 32,000 shares, taking his holding to 648,450 shares.
Non-Executive Director Nigel Stead bought 24,000 shares, bringing his holding to 80,500, while Company Secretary Karen Anderson bought 16,000, taking her holding to 753,095 shares.
Shares in Vertu closed down 4.7% to 65.25p on Wednesday.
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Cancer immunotherapies developer Scancell Holdings said it has raised GBP3.4 million through a placing, and has launched an open offer to raise up to a further GBP3.8 million.
The company has raised GBP3.4 million through the placing of 20.0 million shares at 17.0 pence per share, slightly more than the GBP3.0 million it had targeted.
Scancell has launched an open offer of 22.4 million shares at the same price to raise up to GBP3.8 million. This open offer is ongoing, and the results of the open offer will be announced March 31.
Several directors of the company bought shares as part of the placing. Co-Chief Executives Lindy Durrant and Richard Goodfellow, Non-Executive Chairman John Chiplin, Non-Executive Director Matthew Frohn, Non-Executive Director Kate Cornish-Bowden and Development Director Sally Adams all bought 58,823 shares apiece.
Scancell shares closed down 12% to 17.90p on Wednesday.
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Premaitha Health said two directors bought a total of 1.2 million shares at a price of 8 pence per share Wednesday. Chief Executive Officer Stephen Little bought 700,000 shares and now holds 3.5 million shares. Non-Executive Director Adam Reynolds bought 500,000 shares and now holds 3.3 million shares. The stock closed down 1.2% at 10.0p Wednesday.
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John Laing Group said Managing Director for Primary Investment Derek Potts bought 49,075 shares at a price of 223 pence per share Wednesday. Following this transaction, Potts now holds 100,415 shares, which represents 0.07% stake. The stock closed up 1.5% at 221.50p Wednesday.
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Jersey-based electricity supplier Jersey Electricity said Non-Executive Director Alan Bryce bought 4,500 shares at a price of 475 pence per share Wednesday, which is his only holding. The stock was closed flat at 470.00p Wednesday.
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Genus said Non-Executive Director Lykele van der Broek bought 3,750 shares at 1,458.39p each. The stock closed down 0.7% at 1,444.83p Wednesday.
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Non-Standard Finance said Jono Gillespie, chief financial officer of its Home Credit Division, bought 20,000 shares at a price of 72.85 pence per share Tuesday. The purchase is his only holding. Shares in the subprime lender closed down 0.4% at 72.74p Wednesday.
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Testing and advisory services provider Exova Group said Chief Executive Officer Ian El-Mokadem bought 50,000 shares at a price of 145.98 pence per share on Tuesday. Following this transaction, El-Mokadem holds a total beneficial interest in 2.1 million shares, which represents an 0.82% stake in the firm. Shares closed up 1.4% at 147.00p Wednesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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