15th Oct 2018 17:14
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.----------ConvaTec Group said that Chief Financial Officer Frank Schulkes bought shares worth GBP97,773 in the company, in the wake of the wound dressings maker's profit warnings. Schulkes purchased 65,000 shares at 150.42 pence each. His total stake in the company following the deal is 165,000 shares.ConvaTec on Monday issued a profit warning and said Chief Executive Paul Moraviec has stepped down from his role, effective immediately.In a third quarter trading statement, the medical products and technologies firm warned on both its expected organic revenue growth and its adjusted earnings before interest and taxation margin for 2018.The company said organic revenue growth for 2018 is now expected to fall between flat to 1.0%, having been previously guided to a range of 2.5% to 3.0% before.The company's adjusted Ebit margin is now predicted to be between 23% and 24%, down from between 24% and 25% seen previously.ConvaTec shares closed down 33% at 150.00p each, the worst performer in the FTSE 250.----------Pacific Assets Trust said that Non-Executive Director James Williams bought 10,000 shares in the trust. Williams purchased the shares at 248.0 pence each for GBP24,800. The director's total stake in the company following the acquisition was not disclosed. Pacific Assets shares closed trading down 2.0% at 247.0p. ----------ITE Group said that Chief Executive Officer Mark Shashoua bought 80,000 shares in two transactions. Shashoua purchased the first 30,000 shares in the company at 63 pence each and further 50,000 at 62.3p for a total of GBP50,050. His total stake in the company following the deal was not disclosed. ITE shares closed up 0.2% at 62.80p. ----------Gabelli Merger Plus Trust said that Non-Executive Director Marc Gabelli bought 5,000 shares in the company. Gabelli purchased the shares at USD8.75 each for a total of USD43,750. His total stake in the company following the deal was not disclosed. Gabelli shares closed flat at USD8.58. ----------Harworth Group said that Chief Executive Officer Owen Michaelson bought shares worth GBP49,999 in the company. Michaelson purchased 41,322 shares at 121 pence each. His total stake in the company following the deal was not disclosed. Harworth shares closed 3.8% higher at 123.0p.----------JPMorgan Asian Investment Trust said that Director June Aitken bought 10,000 shares in the trust. Aitken purchased the shares at 311 pence each for GBP31,100. The director's total stake in the company following the acquisition was not disclosed. JPMorgan Asian shares closed down 0.6% at 311.0p. ----------Old Mutual said that Chief Executive Officer Mthandazo Peter Moyo bought shares worth ZAR438,690 in the company. Moyo purchased 21,000 shares at ZAR20.89 each. His total stake in the company following the deal was not disclosed. Old Mutual shares closed 1.3% higher at ZAR22.35 each.----------Related Shares:
ConvaTec