25th Aug 2016 16:07
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Fashion house Burberry Group said two of its top executives sold shares on Wednesday.
Chief Creative and Chief Executive Officer Christopher Bailey sold 18,750 shares at 1,352.00 pence per share. The deal is worth GBP253,500 gross.
Bailey's dual role has been the subject of consistent scrutiny, both over his level of experience and the pressures placed on him in executing both creative and chief executive duties.
Then in July Burberry appointed Marco Gobbetti as chief executive officer, shifting Bailey to the new role of president & chief creative officer.
New CEO Gobbetti, who is currently chairman and CEO of French luxury fashion brand Celine, will join the Burberry board in 2017, at which time Bailey will transition to his new role. Prior to working at Celine, Gobbetti was Chairman and CEO of French designer label Givenchy, before which he was CEO of Italian fashion house Moschino.
The company also said Pascal Perrier, chief executive of its Asia Pacific region, sold 72,162 shares at 1,366p each. The sale is worth GBP985,732.92 gross.
Shares in the luxury fashion retailer closed down 1.5% at 1,333.15p Thursday.
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Investec Thursday said Nishlan Samujh, its head of global finance, sold 20,000 shares at a price of ZAR87.09 per share on Monday. The transaction took place in Johannesburg. Shares in the Anglo-South African financial services group closed up 1.1% at 470.30p Thursday.
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Octagonal said Non-Executive Director Martin Davison bought 2.3 million shares in two separate transactions on Thursday. Davison bought 1.0 million shares at 1.4 pence, and 1.3 million shares at 1.45 pence each. After the purchases, Davison now holds 13 million shares, or a 2.32% stake in the group. The stock closed up 14% at 1.73p Thursday.
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BGEO Group said Murtaz Kikoria, chief executive of its Bank of Georgia arm, sold 12,800 shares at a price of 2,793.3 pence per share Wednesday. The sale is valued at GBP357,542.40 gross. The company also said Mikheil Gomarteli, deputy chief executive of retail banking, sold 17,451 shares at 2,734.1p each on Tuesday. The deal is worth GBP477,127.79. The stock closed up 0.7% at 2,808.00p Thursday.
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Gresham House Strategic said Chairman David Potter bought 2,941 shares at a price of 850 pence each Wednesday. Following this transaction, Potter holds 11,810 shares, or a 0.32% stake. Shares in the the AIM-listed investment company closed up 0.8% at 874.50p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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