20th May 2016 16:07
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Close Brothers Group said Chief Executive Officer Preben Prebensen bought shares as the financial services company said it delivered an improved performance in the third quarter, with good trading for all three of its divisions.
Prebensen bought 23,357 shares at a price of GBP12.796784 each on Friday and now holds 740,921 shares, or a 0.49% stake.
Close, which runs banking, securities and asset management operations, said its banking arm has continued to see good demand for its specialist lending services. In the third quarter to the end of April, the loan book increased 4.0% over the quarter and 8.2% in the nine months to the end of April to GBP6.2 billion.
Winterflood, the securities arm, has seen its performance improve after tough market conditions in the first half. While its asset management business also delivered solid net inflows in the quarter, up 4.0% to GBP7.5 billion from GBP7.3 billion at the end of January.
The stock closed up 4.6% at 1,281.86p, one of the best performers in the FTSE 250 Friday.
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Sinclair Pharma said two of its executives acquired shares on Friday after the dermatological products company released a strong trading update.
Julie Spooner, wife of Chief Executive Officer Chris Spooner, acquired 150,000 shares at 35.4 pence each on Friday.
Following this transaction, Chris Spooner's total beneficial interest is 9,139,164 shares, or a 1.84% stake.
The company also said Chief Operating Officer Christophe Foucher bought 31,500 shares at 35.5p each and now holds 222,700 shares.
Sinclair Pharma took itself off the market on Friday after striking a distribution and strategic marketing deal in the US and completing the sale of its non-aesthetics business, which was announced earlier in the year.
In an upbeat trading statement, Sinclair said it has signed a four-year, exclusive distribution and strategic marketing agreement with Thermigen for Silouhette Instalift. Sinclair said it has granted Thermigen a four-year distribution licence for the US market, running to mid-2020. Silouhette Soft will be combined with Thermigen's ThermiTight skin laxity treatment in order to provide patients with a minimally-invasive, non-surgical alternative to a face lift.
Sinclair also said it has seen revenue grow to GBP8.9 million in the three months to the end of March, significantly ahead of the GBP7.7 million it made in the six months to the end of December.
Shares closed up 8.5% at 35.25p Friday.
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Irish distribution company DCC said Non-Executive Director Cormac McCarthy bought 1,200 shares at a price of 6,470 pence per share on Thursday. The purchase is McCarthy's only holding in DCC. On Monday, DCC appointed McCarthy, the former chief financial officer of bookmaker Paddy Power and the former chief executive of Ulster Bank, to the board with immediate effect. The stock closed up 1.7% at 6,485.00p Friday.
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Interdealer broker ICAP said Finance Director Stuart Bridges bought 25,000 shares at 427.70p each. He now holds 50,000 shares. The stock closed up 0.4% at 431.70p Friday.
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Treatt said Chairman Tim Jones bought 17,039 shares at a price of 178 pence per share on Thursday. Following this transaction, Jones has a beneficial interest in 117,403 shares , being 0.22% of the issued share capital. The fragrance and flavourings stock closed up 2.3% at 181.50p Friday.
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Hill & Smith Holdings said Finance Director Mark Pegler bought 48,000 shares at a price of 981 pence per share Friday. Following this transaction, Pegler is beneficially interested in 60,407 shares. The stock closed up 0.4% at 989.00p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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