23rd Nov 2016 17:21
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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FTSE 100-listed Compass Group said Chairman Paul Walsh bought GBP66,850 worth of shares following a share price decline seen on Tuesday.
Walsh purchased 5,000 shares at 1,337.00 pence each on Wednesday and now holds 26,411 shares.
The caterer and support services company said Tuesday pretax profit in the year ended September 30 grew to GBP1.32 billion from GBP1.16 billion the year before, as revenue rose to GBP19.61 billion from GBP17.59 billion, boosted by the translational effect of the weak pound against other currencies.
In spite of this, Compass Group's share price was recovering Wednesday after closing down 4.7% on Tuesday, when investors focused on a slowdown in growth toward the end of its recent financial year. The stock closed up 2.2% at 1,355.00p on Wednesday, among the best performers in the FTSE 100 index.
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Inspiration Healthcare Group said it has completed a secondary placing on behalf of its chief executive, other directors and founding shareholders.
A total of 7.5 million shares were placed at a price of 55 pence per share, representing 24.6% of Inspiration Healthcare's current issued share capital. The placing was principally with new institutional investors, Inspiration Healthcare said, and "significantly broadens" its shareholder base.
The overall secondary placing was worth GBP4.1 million.
In the secondary placing, Chief Executive Officer Neil Campbell sold 1.8 million shares, leaving him with a 15% stake in the company. Sales Director Toby Foster sold 3.9 million shares, lowering his holding to 13%, whilst business unit directors Simon Motley and Malcolm Oxley sold 1.4 million shares and 3.2 million shares, respectively, leaving them with 14%and 8.0% stakes.
Shares in Inspiration Healthcare closed down 5.4% at 61.00 pence Wednesday afternoon.
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Tavistock Investments said it has raised GBP2.1 million via a share placing and subscription in order to finance the acquisition of a financial advisory firm.
Tavistock said it has placed 70.0 million new shares at or around three pence a share.
Several directors took part in the placing and subscription. Chief Executive Brian Raven has subscribed for 850,000 shares, leaving him with a more than 8.0% stake, whilst Chairman Oliver Cooke subscribed for 333,333 shares, or a less than 1.0% stake.
Non-Executive Directors Roderic Rennison and Phillip Young subscribed for 455,011 shares and 709,114 shares respectively, leaving both with a less than 1.0% stake.
Shares in Tavistock closed down 24% at 3.00p Wednesday.
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CloudCall Group said Chairman Peter Simmonds bought 55,000 shares at a price of 55 pence per share on Tuesday. Following the transaction, Simmonds now has a total interest in 228,055 shares, or a 1.14% stake in the cloud-based software business. The stock closed up 5.0% at 57.20p Wednesday.
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Majestic Wine said Chief Technology Officer Derek Hardy bought 1,041 shares at a price of 288 pence per share on Tuesday. The purchase follows Chief Financial Officer James Crawford's purchase of 5,000 shares on Monday. The wine retailer last Thursday said it swung to a loss in the first half of its financial year, but reinstated payment of a dividend as it it said it is confident in its future growth prospects. The stock closed up 0.4% at 284.00p Wednesday.
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Adamas Finance Asia said Barry Lau, managing partner of its investment manager, bought shares in the company. Lau, the managing partner of Adamas Asset Management (HK), bought 30,000 shares in total. He bought 15,000 shares at USD0.55 per share on Friday and 15,000 at USD0.545 per share on Thursday Following these transactions, Lau is interested in 395,000 shares, representing 0.21% of the issued share capital. Shares in the fund closed untraded on Wednesday, having last traded at USD0.545
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Hutchison China Meditech said Non-Executive Director Michael Howell sold 10,000 shares under a personal share trading plan. Howell sold 5,000 shares at 1,880 pence each on Monday and 5,000 shares at an average price of 1,883p each on Friday. The deal is worth around GBP188,300 gross. Following the sale, Howell holds 118,600 shares, representing approximately 0.20% of the current issued share capital of Chi-Med. The plan was put in place by Howell to facilitate a financial settlement arising from a marital separation agreement. Shares in the China-based healthcare group closed up 1.3% at 1,925.00p Wednesday.
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Joules Group said two of its top executives bought shares in the clothing, accessories and homewares retailer on Tuesday. Chief executive Colin Porter bought 140,680 shares at 177.00 pence each, taking his interest to 2.3 million shares, or a 2.6% stake. Chief financial officer Marc Dench bought 20,000 shares at 175.80p each and now holds 82,500 shares. The stock was up 6.6% at 186.00p Wednesday.
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Big Yellow Group said Non-Executive Director Georgina Harvey bought 2,280 shares at a price of 668.00 pence per share on Wednesday. Following this transaction, Harvey's beneficial holding is 15,293 shares. Shares in the self-storage company closed down 2.1% at 654.95p Wednesday.
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Vodafone Group said Chief Commercial Operations & Strategy Officer Serpil Timuray bought 14,000 shares at a price of 202.8 pence per share Tuesday. Timuray's total shareholding was undisclosed. The stock closed down 0.1% at 202.79p Wednesday.
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Devro said Finance Director Rutger Helbing bought a total of 7,500 shares at a price of 163.78 pence per share on Wednesday. Helbing's total shareholding was not disclosed. Shares in the food collagen products maker closed up 0.5% at 159.25p Wednesday.
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Mondi said Non-Executive Director Dominique Reiniche bought 1,000 shares at a price of 1,642 pence per share on Wednesday. Reiniche's total shareholding was not disclosed. The stock closed down 0.8% at 1,615.17p Wednesday.
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Mediclinic International said ICT Executive Dirk le Roux bought 1,125 South African-listed shares in the company at a price of ZAR130.80 each on Tuesday. His total shareholding was not disclosed. The stock closed up 0.1% at 730.90p Wednesday.
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Manchester & London Investment Trust said Non-Executive Director Peter Stanley bought 2,500 shares at a price of 279.78 pence per share on November 11. Stanley's total shareholding was not disclosed. The stock closed down 0.6% at 275.17p Wednesday.
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Low & Bonar said Non-Executive Director Trudy Schoolenberg bought a total of 20,889 shares at 68.63 pence each in the performance materials maker on Wednesday. Schoolenberg has also bought a total of 15,342 shares since last Friday. The stock closed down 3.4% at 67.00p Wednesday.
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EPE Special Opportunities said a group of non-executive directors bought shares at a price of 270 pence per share Monday. Robert Quayle bought 5,555 shares. Following the transaction, Quayle has a beneficial interest in 50,128 shares. Clive Spears and Nicholas Wilson each bought 2,777 shares. They now hold 68,032 and 67,669 shares respectively. The stock closed up 0.8% at 246.96p Wednesday.
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Homeserve said Non-Executive Director Mark Morris bought 11,647 shares at 599 pence each on Wednesday. Morris now holds 57,522 shares. The stock closed up 1.5% at 600.29p.
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Fidessa Group said Non-Executive Director Ron Mackintosh sold 6,000 shares at a price of 2,390 pence per share Tuesday. Mackintosh's total shareholding was not disclosed. Shares in the trading, investment and information solutions provider closed down 0.5% at 2,376.00p Wednesday.
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PCI-PAL said Chief Executive Officer William Catchpole and Chief Technical Officer Geoffrey Forsyth bought shares on Wednesday. Catchpole bought 11,142 shares and Forsyth bought 27,129 shares at a price of 36.75 pence per share The secure payment service provider said Wednesday it returned to profit in its most recent financial year, as it disposed of its call centre business. PCI reported a pretax profit on continuing activities of GBP21,163 for its financial year ended June 30, swinging from a GBP258,244 loss the prior year. Revenue climbed 27% to GBP8.3 million from GBP6.5 million year-on-year. The stock closed up 12% at 37.00p Wednesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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