20th Nov 2015 17:08
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Housebuilder Inland Homes said Chief Executive Stephen Wicks sold around GBP1.0 million worth of shares in the company on Thursday. Wicks sold 1.5 million shares at 67.37 pence per share, leaving him with a total shareholding of 14.7 million shares, or a 7.3% stake in the business.
The shares were sold the same day the company said it has sold a major portion of its site at the former RAF Stanbridge site, has signed a new revolving credit facility for a subsidiary and has taken a stake in a new premium housebuilding firm.
Inland said it has sold the majority of its site at the former RAF Stanbridge site in Leighton Buzzard in Buckinghamshire to Catalyst Housing Association for GBP14.0 million. It also signed a new GBP20.0 million revolving credit facility with Barclays Bank and has paid GBP1.0 million for a 25% stake in newly-formed premium housebuilder Troy Homes.
Inland shares closed down 1.4% to 67.30p on Friday.
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Tesco Chairman John Allan has now spent about GBP286,000 on shares in the supermarket across three purchases in the past two months, as well as a further GBP186,278 on medium-term notes issued by the FTSE 100 company. Allan spent GBP86,075 on shares in the supermarket on Thursday, according to a stock exchange document on Friday, with a purchase of 50,000 Tesco shares at 172.15 pence each.
The chairman snapped up the shares at a price that was 11% lower than what he spent on 51,978 shares acquired at 192.39p each on October 26, when he also bought 198,000 5.5% 2033 Tesco PLC Medium-Term Notes at a price of 94.08 pence each. Earlier that month, Allan bought 50,891 shares in the retailer at 196.5p each.
Shares in Tesco closed up 0.6% at 173.00p Friday.
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Glanbia said Jeremiah O'Dea, chief executive officer and president of Ingredient Technologies, sold 13,497 shares in the company at EUR17.02 each on Wednesday. The sale was worth EUR229,719. O'Dea's remaining holding in the company was not disclosed. Shares in Glanbia closed up 0.9% at EUR17.41 Friday.
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Motor insurer Hastings Group Holdings said Ian Godfrey, the managing director of its Advantage Insurance subsidiary, bought shares in the company on Thursday. Godfrey bought 27,294 shares at 182.00 pence per share, his only holding in the company.
On Wednesday, Hastings said 2015 is shaping up to be a "very strong" year, as the motor insurer's live customer policies revved up by 19% in the first three quarters year on year. The company, which listed in London in October, said it now has more than two million live customer policies, having seen that number increase to 1.97 million at the end of September from 1.65 million at the same stage the prior year.
Shares in Hastings ended down 0.2% to 171.50p Friday.
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Westmount Energy, an oil and gas company, said all of its directors will take up their full entitlements as part of its open offer to raise GBP633,212 to back further investments in the sector. Chairman Gerard Walsh and Thomas O'Gorman, a director, also will subscribe to any leftover shares but will ensure their holdings don't exceed 29.9%, the company said. They each hold 1.1 million shares currently, representing 11% of the company each or 22% in total. The open offer and related share subscription will be conducted at 4.0 pence per share. Westmount Energy shares closed Friday down 11% at 5.00p.
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Cloud software provider Synety Group said its Chief Financial Officer Paul Williams has acquired shares in the company. Williams bought 1,900 Synety shares at 83.45 pence share on Friday, raising his total holding to 85,957 shares. The purchase by Williams follows Chairman Simon Cleaver buying 7,093 shares and Chief Executive Mark Seemann buying 3,650 shares, both on Thursday and both at 83p. Shares in Synety closed up 1.2% to 84.00p on Friday.
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Russian oil and gas company Urals Energy said Non-Executive Chairman Andrew Shrager bought 500,000 shares at a price of 2.7 pence Friday via a company he controls, Hillsilk. Following this acquisition Shrager has an interest in 1.59 million shares, or a less than a 1.0% interest. Shares in Urals closed up 2.9% at 2.70 pence Friday.
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Stevia ingredients producer PureCircle said Chief Operating Officer Jordi Ferre sold shares in the company on Wednesday. Ferre sold 50,715 shares in the company at 415.48 pence per share, leaving his holding at 62,235 shares. PureCircle shares closed up 1.2% at 404.62p on Friday.
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Ocean Wilsons Holdings said Non-Executive Director Colin Maltby bought shares in the company on Thursday. Maltby acquired 1,000 shares in the company at 760.00 pence per share, increasing his total holding to 9,000 shares. Shares in the Bermuda-based investment company, which through a subsidiary operates as a maritime services company in Brazil, closed flat on Friday at 772.50p.
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Unicorn AIM VCT said Non-Executive Director James Grossman bought shares in the company on Tuesday. Grossman bought 3,000 shares at 143.88 pence per share, raising his total holding to 8,000 shares. Shares in Unicorn AIM VCT were untraded on Friday, having last traded at 142.00p.
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Schroder AsiaPacific Fund said Keith Craig, a non-executive director, bought 7,544 shares in the company, the first time he has done so since being appointed to the role in May. The shares equate to a 0.0044% stake in the fund. Craig bought the shares at 260 pence each on Friday. The stock closed up 1.5% at 265.75p Friday.
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By Sam Unsted; [email protected]; @SamUAtAlliance
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