27th May 2016 16:18
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Whitbread said Christopher Rogers, the managing director of the Costa coffee shop business, sold GBP2.3 million worth of stock as he prepares to leave the company.
Rogers sold 52,979 shares at 4,274.187 pence each on Thursday. The sale leaves him with 19,877 shares. Shares in the hospitality company closed up 0.4% at 4,258.37p Friday.
In April, Whitbread said Rogers has stepped down from his post to be replaced by Dominic Paul.
Rogers stepped down from the board on April 20 but will remain with the company until July 1 to ensure a smooth handover. Paul will take up his new role on June 6.
Paul joins Whitbread from cruise company Royal Caribbean International, where he has been senior vice president of international since 2013. Prior to this, he worked at International Consolidated Airlines-owned British Airways and at easyJet.
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Electra Private Equity said activist investor Edward Bramson bought shares in the London-listed investment trust after being named interim chief executive on Thursday.
Bramson acquired 42,719 shares through investment vehicle Sherborne Investors at 3,794 pence each on Thursday, valuing the purchase at around GBP1.6 million. The purchase increases his shareholding to 11.4 million shares, or a 28.36% stake.
On Thursday, Bramson tightened his grip on Electra Private Equity being named as unpaid interim chief executive officer and serving notice to investment manager Electra Partners LLP.
Bramson, who controls just over a quarter of London-listed Electra through Sherborne, won a place on the trust's board in November on his second attempt to win the backing of other shareholders.
He then became the chairman of the trust's so-called management engagement committee, which is responsible for reviewing the performance of Electra Partners. The trust subsequently kicked off a review, to be completed by the autumn, of its investment policy and structure.
The stock closed down 1.0% at 3,772.65p Friday.
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International Consolidated Airlines Group SA said General Counsel Chris Haynes sold 13,000 shares at a price of GBP5.391570 each Friday. Haynes's total shareholding was undisclosed. Shares in the British Airways parent closed down 0.1% at 544.14p Friday.
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Greatland Gold said Non-Executive Director Paul Johnson bought 1.5 million shares at 0.316 pence per share Friday. Following this purchase, Johnson holds a beneficial interest in 85.0 million shares, representing a 5.72% stake. The company also said Non-Executive Director Gervaise Heddle bought 3.0 million shares at 0.304 pence per share on Friday. The purchase is Heddle's only holding in the gold miner. The stock closed up 11% at 0.328p Friday.
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Be Heard Group said five board members bought a total 3.5 million shares at a price of at 3.1 pence each on Friday, making for a value of GBP109,400. Chairman Peter Scott bought 645,161 shares, taking his shareholding to 16.6 million shares. Finance Director Robin Price, Development Director Ian Maude and Non-Executive Director David Wilkinson each bought 161,290 shares. After the purchases Price, Maude and Wilkinson now hold 2.0 million, 2.1 million and 1.1 million shares, respectively. Non-Executive Director Rodger Sargent bought 2.4 million shares. He now holds 8.2 million shares, or a 1.25% stake. Shares in the the digital marketing group closed up 3.2% at 3.20p Friday.
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Equipment rental company HSS Hire Group said two senior managers sold a total of 80,000 shares on Wednesday. Lyndsey Overman, wife of Sales Director Jon Overman, sold 30,000 shares at 99.5p each on Wednesday. The sale reducing the Overman's shareholding to 308,527 shares, or a 0.2% stake. The company also said Philip James, a senior manager, sold 50,000 shares at 90p each. He now holds 213,115 shares, or a 0.14% stake. The stock closed down 0.3% at 100.00p Thursday.
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Bango said three directors bought shares on Friday. Chief Executive Officer Ray Anderson bought 4,913 shares at a price of 48.60 pence per share. Chief Financial Officer Rachel Elias-Jones purchased 4,100 shares at a price of 48.48p per share. Strategic Partnerships Director Gerry Tucker bought 5,112 shares at 48.66p each. Shares in the mobile payments company closed down 4.2% at 46.00p Friday.
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Sirius Real Estate said Chief Financial Officer Alistair Marks bought 56,053 shares at a price of EUR0.51 each on Thursday. Following this transaction, Marks now holds 2.3 million shares, which represents a 0.30% stake. The stock closed up 2.0% at EUR0.510 Friday.
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Minds + Machines Group said Chairman Guy Elliot bought 300,000 shares at 10.0 pence per share on Thursday. After the purchase, Elliot holds 23.3 million shares, equal to a 3.08% stake. The stock closed up 1.0% at 10.10p Thursday.
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Restaurant Group said incoming Non-Executive Director Graham Clemett bought 14,218 shares at a price of 351 pence per share Thursday. The purchase is Clemett's only holding and he will join the Chiquito, Frankie & Benny's and Garfunkel's parent on June 1. The stock closed up 2.3% at 361.24p Friday.
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ServicePower Technologies said Chairman Hugh Fitzwilliam-Lay purchased 338,269 shares at a price of 2.6 pence per share on Thursday. As a result of the transaction, Fitzwilliam-Lay holds 10.5 million shares, or a 4.62% stake. Shares in the workforce management software provider closed up 3.6% at 2.85p Friday.
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Surgical Innovations Group said two of its board members bought shares on Thursday. Chairman Nigel Rogers and Non-Executive Director Paul Hardy each bought 1.1 million shares at 1.75 pence each. Following the transaction, Rogers and Hardy holds each hold 2.9 million shares, equal to a 0.60% stake. Shares in the surgical devices maker closed up 5.1% at 1.97p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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