7th Apr 2016 16:30
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Man Group said Ian Livingston, a non-executive director and its chairman designate, bought shares in the FTSE 250 hedge fund manager.
Livingston bought 33,138 shares at 149.8336 pence per share on Wednesday.
In December, Man Group appointed Livingston, the former BT Group chief executive, to take over as non-executive chairman of the company to replace the outgoing Jon Aisbitt. Livingston left BT back in 2013. He is also a serving member of the House of Lords.
Livingston is also deputy chairman of Dixons Carphone.
Man Group shares closed up 0.9% to 151.90 pence per share on Thursday.
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Ubisense Group announced it raised GBP4.8 million in a share placing in an effort to strengthen its balance sheet. It sold 19.2 million shares, or 34.4% of its enlarged share capital, at a price of 25p per share.
Some directors, including Interim Chief Financial Officer Tim Gingell and newly appointed Chairman Peter Harverson, subscribed for a total of 2.2 million shares in the placing. Non-Executives Robert Sansom and Paul Taylor subscribed for 2 million and 80,000, taking their interest in the company to 5.0 million and 113,334 shares respectively.
Harverson and Gingell subscribed for 80,000 shares and 40,000 shares, in Gingell's case his only holding in the company. Harverson holds a total of 145,161 shares in the company following the subscription.
The placing is subject to shareholder approval, and Ubisense warned that if this approval is not received at an upcoming meeting, it will likely continue to be in covenant breach on its debt facility.
Shares in the company closed down 23% at 30.50p Thursday.
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MJ Gleeson said Chairman Dermot Gleeson bought 7,987 shares at 599p each on Wednesday. The purchase takes his holding to just over 1.0 million shares, or a 1.99% stake. The stock closed down 0.4% at 596.00p Thursday.
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Mid Wynd International Investment Trust said Russell Napier, a director, sold a total of 14,000 shares at 338.3127p per share Thursday. Following the sale, Napier now holds 234,325 shares in total. The stock closed up 0.3% at 340.67p Thursday.
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Morgan Advanced Materials said Human Resiurces Director Peter Blausten bought 1,400 shares at 210.654p per share on Thursday. The stock closed down 0.9% at 210.60p Thursday.
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Amino Technologies said Chief Executive Officer Donald McGarva bought 7,034 shares at 110.7 pence Wednesday. Following the purchase, McGarva holds 442,648 shares, representing approximately 0.63% stake. Shares in the multimedia distribution company closed down 0.3% at 107.00p Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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