2nd Nov 2015 17:03
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
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Aerospace and defence components engineer Meggitt said Chief Operating Officer David Johnson and Chief Operations Director Amir Allahverdi both increased their stakes on Monday, together with two other directors.
Johnson upped his stake after his spouse purchased 25,000 shares at a price of 354.04 pence per share. Following the transaction, Johnson's beneficial interest stands at 157,832 shares in the company, representing around a 0.02% stake in the company.
Allahverdi purchased 10,000 shares at the same price to increase his total holding to 74,970 shares, representing a 0.01% stake in the company.
Meanwhile, the wife of Chris Allen, group director of engineering and strategy, bought 15,451 shares at 354.11 pence on Monday. Allen's beneficial holding following the transaction is 0.02% of Meggitt's issued share capital. Guy Berruyer, a non-executive director, bought 10,000 shares at 355.43p on Monday. He now holds a 0.0017% stake in the company.
On Wednesday last week, Meggitt shares fell 23% after the company said a deterioration in market conditions in the third quarter and little optimism for any reprieve before the year end meant its 2015 results would materially miss market expectations.
Meggitt shares closed up 0.8% at 356.53p Monday.
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Domain services company Minds + Machines Group said Bellone Investment Services sold 1.5 million shares in the company on Thursday.
Bellone is owned by the de Jongh Weill Family Settlement, connected to David de Jongh Weill, a non-executive director at Minds + Machines. Bellone owns a contract for difference over 3.0 million shares in Minds + Machines, and was informed by its broker that the trust would be required to either close the CFD position, move it to another counterparty, or fully fund it before the end of October.
As a result, Bellone sold 1.5 million shares with the proceeds used to fully fund the CFD position. CFD's are a form of financial derivative that provide exposure to an underlying security without directly owning it. Following the transaction, Bellone's holding in Minds + Machines has decreased to 2.1 million shares.
Including Weill's own 2.8 million shareholding, Bellone's 3.0 million shares under the CFD, and Patrimoine International Ltd's 1.0 million shareholding, Weill's total interest has decreased to 8.9 million shares, representing 1.1% of the company's issued share capital.
Patrimoine International is a company controlled by Weill.
Shares in Minds + Machines closed flat at 9.00p on Monday.
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Haydale Graphene Industries said a group of its director subscribed for shares in the company as part of a share placing launched to back its growth plans. Chief Executive Ray Gibbs subscribed for 26,875 shares to push his total holding to 469,929 shares, representing a 3.09% stake. Chairman John Knowles subscribed for 12,500 shares to push his holding to 149,214 shares, or a 0.98% stake in the company.
Non-Executive Director Roger Smith subscribed to 12,500 shares to bring his total holding to 288,455 shares, representing a 1.9% stake whilst Gerry Boyce, managing director of the company's subsidiary, Haydale Composite Solutions Ltd, subscribed to 187,500 shares to push his total holding to 402,792 shares, which equates to a 2.65% stake in the company.
Haydale shares closed down 0.3% to 178.00p.
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Gfinity reported a wider pretax loss in its last financial year, despite a rise in revenue, and said it has raised GBP1 million through a share placing. The eSports business said raised the GBP1.0 million through the issuance of 5.3 million shares, which represents 6.3% of the enlarged share capital of the company. Arden Partners acted as bookrunner for the placing.
The proceeds will be used to improve the features and functionality of Gfinity TV, develop a mobile app, to stage and broadcast the 2016 Gfinity Championship series, and for sales and marketing purposes.
Through the placing, Chief Executive Neville Upton bought 131,579 shares to increase his total holding to 14.7 million shares, representing a 17.7% stake in the company. Chairman Tony Vollyer purchased 131,579 shares to up his stake to over 1.0 million shares, a 1.24% stake.
Euroblue Investments bought 263,158 shares to give it a total holding of 11.2 million shares, or a 13.53% stake in the company.
Shares in Gfinity closed down 14% at 21.00p on Monday.
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Medical devices maker Smith & Nephew said Chief Executive Oliver Bohuon purchased 2,216 shares at 1,151.94 pence per share last Tuesday. Following the transaction, Bohuon holds a total of 338,183 shares in the company which represents less than a 0.1% stake. Smith and Nephew shares closed down 0.4% to 1,106.07p on Monday.
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Equiniti Group said Mark Taylor, managing director of investment services, bought 31,990 shares at 155 pence each last Thursday. Following the transaction, Taylor holds 144,182 shares in the company. Shares in the outsourcer started unconditional dealings in London on Friday following its initial public offering. The stock closed up 0.6% at 158.00p on Monday, still below its IPO price of 165.00p.
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Iraq-focused oil and gas company Genel Energy said Chief Executive Murat Ozgul and Chief Financial Officer Ben Monaghan bought shares in the company on Friday. Ozgul bought 30,000 shares at 260 pence each and now holds 37,942 shares, representing 0.015% of the company's issued share capital. Monaghan bought 20,000 shares at 258 pence each, his first share purchase at the company. He now holds 0.01% of the company's issued share capital. Genel shares closed up 3.3% to 264.55p on Monday.
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Bookmaker William Hill said Chairman Gareth Davis purchased 31,600 shares in the company on Friday for 316.19 pence per share. Following the transaction, Davis holds a total of 146,488 William Hill shares, giving him less than a 0.1% stake in the company. Shares in William Hill closed down 0.1% at 316.91p on Monday.
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Plutus PowerGen said Chief Operating Officer Paul Lazarevic has purchased over 1.4 million shares in the company over two tranches. Lazarevic purchased under 1.1 million shares for 1.4 pence per share on Monday, with the remaining 357,143 shares being bought for 1.38p last Friday. Following the transactions, Lazarevic holds a total of 31.4 million shares in Plutus, representing a 5.51% stake. Plutus shares closed down 2.6% to 1.36p on Monday.
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Ariana Resources said Chairman Michael de Villiers has bought 4.6 million shares in the company at an average price of 1.0 pence per share. Following the purchase, he owns 24.5 million Ariana shares, or a 3.1% stake in the company. Shares in Ariana closed up 17% to 1.04p on Monday.
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By Sam Unsted; [email protected]; @SamUAtAlliance
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