18th Feb 2016 17:10
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Zambia-focused minerals processing firm BMR Group said it had raised GBP414,524 through its open offer, less than it had targeted, with its chairman and chief executive among those buying shares.
BMR announced plans in January to raise GBP750,000 through the open offer, by offering up to 25.1 million shares at 3.00 pence per share.
On Thursday, it said it had issued 13.8 million shares through the open offer at that price. BMR shares were flat at 2.75p early Thursday.
As part of the offer, Chairman and Chief Executive Alex Borelli bought 666,666 shares, taking his total holding to around 1.1 million shares, or a stake of about 0.6%.
The funds will be used to bring forward the construction and assembly of the main plant at the Kabwe project in Zambia.
The stock closed up 5.6% at 2.88p.
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Norcon said Chairman Trond Tostrup bought 140,000 shares at a price of 12 pence per share on Wednesday.
Following this transaction, Tostrup is interested in a total of 512,222 shares, which represents 1.04% of the company's issued share capital and voting rights.
Norcon on Wednesday had said trading in 2015 was broadly flat year-on-year, with a better performance emerging in the second half. The company said its revenue for 2015 will be similar to the prior year, as the restructuring the group has undergone in recent years starts to reap benefits.
Shares in the communications network company closed up 8.9% at 13.88p.
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Energy supplier SSE said Non-Executive Director Katie Bickerstaffe bought 1,421 shares at a price of 1,394 pence per share Thursday. Following this transaction, Bickerstaffe has a beneficial interest in 5,079 ordinary shares. The stock closed up 1.2% at 1,392.03p.
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Tungsten Corp said Chairman Nicholas Parker bought 25,000 shares at a price of 68 pence per share on Thursday. In addition, Parker also bought 25,000 shares on Wednesday at 64p each. He now holds 350,000 shares. The stock closed up 1.5% at 68.00p Thursday.
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TechFinancials said Chief Executive Officer Asaf Lahav bought 25,000 shares at a price of 12 pence per share Thursday. Following this transaction, Lahav now holds 9.1 million shares, which represents 13.30% stake in the firm. Shares in the trading platform provider closed down 6.7% at 11.66p.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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