2nd Dec 2015 17:08
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday and Tuesday.
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Price comparison site Moneysupermarket.com Group on Wednesday said founder Simon Nixon sold a 5.8% stake in the company through a share placing, almost half of his holding, and the company said he will step down from the board at the end of the year.
Nixon placed 32.0 million shares at 305.00 pence per share, raising gross proceeds of GBP98.0 million for Nixon. The plan for the placing, conducted by Credit Suisse, had been disclosed on Tuesday.
Following completion of the placing, Nixon will be subject to a lock-up on its remaining shareholding in the company until the announcement of its 2015 results, due in March 2016. His remaining stake in Moneysupermarket.com is around 6.9%.
In addition, Moneysupermarket said Nixon will step down from his role as non-executive deputy chairman at the end of 2015, following the placing.
Shares closed down 4.4% at 314.00p Wednesday, one of the worst performers in the FTSE 250.
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Paysafe Group said Chief Executive Officer Joel Leonoff sold 1.2 million shares at a price of 372.39 pence per share on Wednesday. The deal is worth around GBP4.3 million gross. Following this transaction, Leonoff now holds 6.0 million shares, which represents 1.25% stake in the firm. Shares in the payment services company closed down 1.3% at 367.00p Wednesday.
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LondonMetric Property said Chairman Patrick Vaughan sold 1.5 million shares at a price of 164.43 pence per share Tuesday, making the sale worth GBP2.5 million pounds. Following this transaction, Vaughan is 13.8 million shares, which represents 2.2% of the issued share capital. Shares in the property investment and development company closed down 0.2% at 165.10p Wednesday.
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JD Wetherspoon said Simon Cacioppo, husband of Personnel and Legal Director Su Cacioppo, sold 30,000 of the company's ordinary shares at a price of 719.15 pence per share on Tuesday. Following this transaction, the joint holding of the pair is 22,846 shares. Shares in the pub operator closed up 0.8% at 725.00p Wednesday.
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ISG said Chief Executive Officer David Lawther bought 7,000 shares at a price of 1,425.0 pence per share per share Wednesday. Following this transaction, Lawther now holds 235,694 shares, which represents 0.5% stake in the firm. The company also said Corporate Development Director Gregory Aldridge bought 10,000 shares at the same price. He owns a total of 94,450 shares, or 0.2% of ISG's issued share capital.
The construction services company on Tuesday said trading for its UK construction arm has been disappointing and while the remainder of its business will meet its expectations for the full year, that division will not. The stock closed up 2.4% at 142.90p Wednesday.
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British Land Co said Tim Roberts, a director, sold 1,033 shares at a price of 844.2525 pence per share Tuesday. The company also said Sarah Roberts, wife of Tim Roberts, also sold 98,967 shares at the same price. Shares in the property investor closed down 0.1% at 845.50p Wednesday.
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Palace Capital said Hanneke Silvester, wife of Finance Director Stephen Silvester, bought shares in the company on Wednesday. Silvester acquired 2,148 shares at a price of 370p per share on Wednesday. The shares are Stephen Silvester's only beneficial holding in the company. The stock closed down 1.2% at 365.50p Wednesday.
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Lender Paragon Group Of Companies said Non-Executive Director Fiona Clutterbuck bought 5,158 shares at a price of GBP3.85537 each Wednesday. Following this transaction, Clutterbuck holds 8,372 shares. The stock closed flat at 386.40p on Wednesday.
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Collagen Solutions said Non-Executive Director Malcolm Gillies bought 438,714 shares at a price of 9 pence per share Wednesday. Following this transaction, Gillies now holds 1.7 million shares, which represents 0.96% stake in the firm. On Tuesday, Collagen posted a narrowed pretax loss for the first half, driven by a surge in revenue and other income in the first half. Shares in the collagen components manufacturer closed flat at 9.00p Wednesday.
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Electronics supplier Acal said Non-Executive Director Malcolm Diamond bought 10,000 shares at a price of 279 pence per share Wednesday. The purchase is his only holding. The stock closed down 0.1% at 279.250p Wednesday.
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Bushveld Minerals said Non-Executive Director Jeremy Friedlander sold 1.3 million shares at a price of 3 pence per share Tuesday. The sale was conducted due to personal financial reasons, Bushveld Minerals said in a statement. Following this transaction, he holds no interest in the diversified mineral development company. The stock closed up 1.6% at 3.08p Wednesday.
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Avation said Chief Commercial Officer Roderick Mahoney bought 25,000 shares at a price of 132 pence per share Tuesday. Following this transaction, Mahoney is interested in 265,000 shares representing 0.51% of the total voting rights. Shares in the aircraft leasing company closed down 1.5% at 132.50p Wednesday.
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PureCircle said Chief Operating Officer Jordi Ferre sold 46,778 shares at a price of USD6.0499 each Tuesday. Following this transaction, Ferre's beneficial shareholding is 15,457 shares, representing 0.01% of the issued share capital. Shares in the food ingredients company closed up 2.3% at 409.27p Wednesday.
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Bezant Resources on Tuesday said it has raised GBP406,394 before expenses by selling new shares. The mineral exploration and development company, which operates in the Philippines and Argentina, said that new and existing investors subscribed for 16.6 million new shares at 2.45 pence each. Shares in the company closed at 2.1001p on Wednesday, down 6.7% on the day.
Edward Nealon, the company's chairman, is investing GBP134,750 for 5.5 million subscription shares, which will give him a total holding of 6.3 million shares, or a 6.3% stake, in Bezant.
The money will be used for working capital purposes and could help pay for a deal under which the company has the option to acquire the entirety of Leeward Islands Exploration LLC, a special purpose vehicle with rights to buy interests in platinum and gold mining licences in Colombia.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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