26th May 2016 16:34
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Marshall Motor Holdings said Chief Executive Officer Daksh Gupta bought 7,700 shares at a price of 193.80 pence per share Thursday as the car dealer bought Ridgeway Garages.
The company also said Gupta's wife, Mackenzie Gupta, also acquired 7,700 shares at the same price.
After the purchases, Daksh Gupta holds 708,910 shares, equal to a 0.90% stake in the automotive retail and leasing group.
Marshall Motor Holdings on Thursday said it has bought Ridgeway Garages (Newbury) for GBP106.9 million in cash.
Ridgeway is a multi-franchise dealer group operating across the southern home counties and Wiltshire and Dorset, representing 12 brands via 30 franchised dealerships. It also operates five own-branded used car centres, two trade parts specialists, two service centres, two standalone body shops and a pre-delivery inspection centre.
Gupta served as managing director for Ridgeway from February 2008 to November 2015 before joining Marshall Motor.
"Ridgeway is a company I have been associated with since 2007. David Newman and his team have built an excellent business with fantastic senior management, great staff, strong performance and a similar culture to MMH. I very much look forward to welcoming our new Ridgeway colleagues to the group and working closely with them again into the future," Gupta said in a statement.
The stock closed up 29% at 195.00p Thursday.
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Equipment rental company HSS Hire Group said two senior managers sold a total of 250,000 shares on Wednesday.
Executive Branch Director John Hardman sold 150,000 shares in three tranches; 50,000 at 94.1 pence, 50,000 at 95.02p each and 50,000 at 100p each.
Sales Director Jon Overman sold 100,000 shares at 94p each, reducing his shareholding to 338,527 shares, or a 0.22% stake,
After the sale Hardman holds 288,526 shares, or a 0.19% stake.
On Wednesday the company posted revenue of GBP84.3 million for the 14 week period ended April 2, up 16% from GBP72.5 million a year before, with "continued growth" in both its core and specialist businesses.
The stock closed down 2.7% at 100.25p Thursday.
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Evraz said Senior Vice President of Business Support and Interregional Relations Leonid Kachur sold 2.5 million shares in a series of transactions in March and April.
461,261 shares were sold at 140.11p each on April 22. 28,216 shares at 150p each on April 21. 10,523 shares at 150p each on April 20. 562,749 shares at 91p on April 7. 39,642 shares at 91p on April 6. 216,075 at 91p on April 4. 181,534 shares at 91p on April 1. 284,037 shares at 89.77p on March 14. 573,991 at 89.58p on March 11 and 141,972 shares at 90.69p on March 9.
The stock closed down 3.1% at 117.20p Thursday.
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Homeserve said Non-Executive Director Mark Morris bought 25,862 shares at 488.4p each on Thursday and 3,763 shares at 475.5p each on Wednesday. He now holds 60,093 shares. The stock closed up 2.4% at 488.70p.
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Eden Research said Non-Executive Director Robin Cridland bought 47,000 shares at 10.4p each on Thursday. The purchase is his only holding. The stock closed down 1.3% at 10.00p Thursday.
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Porta Communications said Chairman Bob Morton acquired 1.5 million shares at a price of 5.75 pence per share through Hawk Investments Holdings, a company beneficially owned by Morton and his wife, on Thursday. Following this transaction, Morton is beneficially interested in 44.4 million shares in Porta representing 15.92% of the issued share capital. Shares in the AIM-listed marketing and communications business closed up 1.7% at 5.72p Thursday.
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Helical Bar said Non-Executive Director Richard Cotton bought 10,000 shares at 399.5 pence per share on Wednesday. The purchase is Cotton's only holding in the property investment and development company, after being appointed in February. Cotton is the former head of UK real estate corporate finance at JPMorgan Cazenove and previously sat on the board of Hansteen Holdings, the UK-listed property group. The stock closed down 1.3% at 390.75p Thursday.
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Non-Standard Finance said Investor Relations and Communications Director Peter Reynolds bought 30,000 shares at 70.52 pence per share on Wednesday. Following the purchase, Reynolds holds 55,000 shares representing 0.0187% of the company's total voting rights. The company was formed to acquire and operate one or more non-standard consumer finance businesses The stock closed down 2.9% at 68.00p Thursday.
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Primary Health Properties said Non-Executive Director Nick Wiles bought 25,000 shares at 106.5025 pence per share on Thursday. The purchase is Wiles's only holding after being appointed in April. The stock closed up 0.7% at 106.75p Thursday.
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Dods Group said Non-Executive Director William Wells bought 400,000 shares at 11.75p each on Thursday. After the pruchase Wells holds 2.5 million shares, or a 0.7% stake. The stock closed down 0.4% at 12.20p Thursday.
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Minds + Machines Group said Chairman Guy Elliot bought 300,000 shares at 10.0 pence per share on Wednesday. After the purchase, Elliot holds 23.0 million shares, equal to a 3.04% stake. The stock closed down 0.5% at 9.95p Thursday.
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Treatt said Chief Executive Daemonn Reeve bought 8,103 shares at 187.00 pence per share on Thursday, and now holds 152,435 shares, or a 0.3% stake, in the company. Shares in Treatt closed down 1.1% at 182.00p on Thursday.
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Akers Biosciences Inc on Thursday said Chief Executive John Gormally on Tuesday made five separate share purchases, and now holds 2,500 shares in the company. Gormally purchased 69 shares at USD2.19 per share, 1,000 shares at USD2.20 per share, 100 shares at USD2.23 per share, 200 shares at USD2.24 per share and 1,131 shares at USD2.25 shares.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
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