13th Jun 2016 16:19
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Centamin , the FTSE 250 gold miner whose flagship mine is the Sukari deposit in Egypt, said its chairman raised GBP5.55 million by selling shares in the company over a period of three days last week.
Chairman Josef El-Raghy sold 5.0 million shares between Wednesday and Friday last week at an average price of 111 pence per share, Centamin said in a statement.
The notification relates to Nordana Pty Ltd, a fund connected to El-Raghy, Centamin said. The chairman and people close to him now have a beneficial interest in 53.8 million Centamin shares, equivalent to a 4.67% stake in the company.
The sales come after Centamin said on June 1 that El-Raghy disposed of 12.6 million shares in the final week of May.
He sold those shares at an average price of 98 pence between May 26 and May 31, according to Centamin, which had reduced his interest to a 5.1% stake.
Shares in Centamin closed up 3.0% at 113.31 pence on Monday in London, benefiting from a firm spot gold price.
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Volex said Chief Financial Officer Daren Morris bought 40,000 shares at 32.5 pence per share on Friday.
Following the purchase, Morris holds a total of 270,000 shares, equal to a 0.30% stake.
Volex last Thursday said it made a pretax profit of USD1.5 million in the 52 weeks to April 3, compared with a USD7.2 million loss the year earlier. Volex said the turn to profit was down to lower one-off restructuring costs booked in the year and said its cost-cutting programme also delivered benefits to the bottom line.
Revenue, however, dropped 13% to USD367.5 million from USD423.4 million the prior year, as the group saw weaker trading across its divisions and on nearly all its accounts.
Shares in the power and data cabling solutions provider closed up 0.8% at 32.75p Monday.
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Experian said Non-Executive Director Luiz Fernando Vendramini Fleury bought 1,000 American Depositary Receipts at USD18.8785 each. One ADR is equal to one ordinary share. The stock closed down 1.0% at 1,269.50 pence Monday.
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Hunters Property said Chief Financial Officer Ed Jones bought 72,793 shares at 75 pence per share on Friday. Following the purchase, Jones holds 3.7 million shares, equal to a 13.0% stake in the group. Shares in the estate agency closed up 1.3% at 76.00p Monday.
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LXB Retail Properties said Chief Executive Officer Tim Walton bought 4.0 million shares at 64.8 pence per share on Friday. Following the purchase, Walton now holds 11.4 million shares, which equals a 6.8% stake in the real estate investment company. The stock closed up 2.3% at 67.50p Monday.
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Stilo International said Chief Executive Officer Les Burnham sold 2.6 million shares at 5.25 pence per share Friday. Following the sale, Burnham has a beneficial interest in 5.0 million shares, or a 4.45% stake in the software company. The stock closed down 6.7% at 5.25p Monday.
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Sanne Group said Zena Couppey, head of its real estate business, sold 90,456 shares at 440 pence per share Friday. Following the sale, Couppey now holds 1.1 million shares, which equals a 0.96% stake in the provider of corporate and fund administration outsourcing services. The stock closed down 1.7% at 440.75p Monday.
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Euromoney Institutional Investor said Neil Osborn, group publisher of the Euromoney magazine, sold 2,251 shares at 950 pence per share on Friday. Following the sale, Osborn holds 27,103 shares, which equals a 0.02% stake in the information and events group. The stock closed down 1.1% at 940.00p Monday.
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Greatland Gold said Non-Executive Director Paul Johnson bought 1.5 million shares at 0.278 pence each on Monday. Following the purchase, Johnson, together with his spouse, holds 86.5 million shares, equal to a 5.82% stake in the miner. The stock closed up 1.4% at 0.284p Monday.
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Kainos Group said General Counsel and Company Secretary Grainne Burns bought 30,000 shares at 178.73 pence each on Friday. Following the purchase, Burns now holds 1.0 million shares, which equals a 0.85% stake in the firm. The stock closed down 5.1% at 158.50p Monday.
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Hurricane Energy said Chief Executive Officer Robert Trice bought 420,000 shares at 17.75 pence per share on Monday. The company also said Non-Executive Director David Jenkins acquired 125,000 shares at a price of 17.79 per share. After the purchases, Trice and Jenkins hold 26.8 million and 200,000 shares respectively. The stock closed flat at 17.50p Monday.
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Small Companies Dividend Trust said Non-Executive Director David Harris bought 2,198 shares at 196 pence per share on Friday. Harris then sold the 2,198 shares at 194.3 pence per share on Monday. Following the sale, Harris now holds 5,802 shares, which represents 0.04% stake in the trust. The stock closed down 0.1% at 195.40p Monday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Centamin PLC