13th Apr 2016 16:13
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Dunelm Group confirmed Deputy Chairman Will Adderley sold more shares in the company than originally planned, but it reiterated that he is "fully committed" to his role at the furniture and homewares retailer.
Dunelm said Adderley sold 8.0 million shares at a price of 915.0 pence each, implying a total value of around GBP73.2 million for the 4.0% stake.
On Tuesday, Dunelm advised that Adderley was set to only sell 6.0 million shares, or a 3.0% stake in the company.
The shares sold were held by WA Capital Ltd, a company controlled by Adderley, who told the company he was selling the shares to allow for "greater portfolio diversification". They were sold to institutional investors, with 750,000 purchased by the company to be placed in treasury.
Following the transaction, Adderley remains interested in 55.3 million shares, leaving him with a 27.4% stake in Dunelm. The entire Adderley family continues to control 51.2% of the company.
Dunelm reiterated Wednesday that Adderely remains "fully committed" to his role as well as remaining a "very substantial shareholder".
Adderely will not be able to sell any more shares in Dunelm for at least the next six months following the transaction.
The stock closed down 4.6% at 910.00p Wednesday.
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Nostrum Oil & Gas said Claremont Holdings, a vehicle connected to Chairman Frank Monstrey, sold 7.7 million shares at GBP2.1350 each, worth about GBP16.5 million gross. The sale leaves Monstrey with a beneficial interest in 24.9 million shares, or a 13.2% stake. The oil and gas stock closed up 7.2% at 237.25p Wednesday.
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Breedon Aggregates said Pat Ward, its new chief executive, bought his first shares in the aggregates company. Ward bought 150,000 shares at 70.50 pence each on Tuesday, which is his only holding. He joined Breedon in January succeeding Simon Vivian, who had led the company since its creation. He was previously chief executive of Aggregate Industries Europe, a subsidiary of LafargeHolcim, the merged entity of French building materials company Lafarge SA and Swiss rival Holcim. The stock closed up 0.7% at 71.00p Wednesday.
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BBA Aviation said Non-Executive Director Peter Ventress bought 25,763 shares at a price of 193.0593 pence per share Tuesday. The purchase is Ventress's only holding in the aviation group. The stock closed up 3.5% at 200.00p Wednesday.
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Lighting manufacturer ProPhotonix said Chief Executive Officer Tim Losik bought 100,000 shares at a price of USD0.0343 per share Tuesday. Following this purchase, Losik's direct holding amounts to 397,200 shares, representing 0.47% stake in the group. Losik had bought another 100,000 shares on Monday. The stock closed up 3.7% at 2.46 pence Wednesday.
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Judges Scientific said Chairman Alex Hambro sold 6,000 shares at a price of 1,775 pence per share on Wednesday. Following this transaction, Hambro holds 71,500 shares representing 1.17% of the issued share capital. Shares in the scientific instruments maker closed down 0.2% at 1,775.70p Wednesday.
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Henderson Eurotrust said Chairman Nicola Ralston bought 6,000 shares at 854.18p each Wednesday. She now holds 12,000 shares. The stock closed up 0.7% at 853.00p Wednesday.
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Manx Financial Group said Non-Executive Director David Gibson bought 174,206 shares at a price of 8.75 pence per share Wednesday. Following this transaction, Gibson holds 1.7 million representing 1.69% of the issued share capital. The stock closed down 1.4% at 9.00p Wednesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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