1st Dec 2015 17:14
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Tuesday.
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Price comparison website Moneysupermarket.com Group Tuesday said its founder Simon Nixon plans to place up to 35.0 million of his shares up for sale.
The company said Nixon, the company's non-executive deputy chairman, intends to sell between 30.0 million and 35.0 million shares, which represents a stake in Moneysupermarket.com ranging between 5.5% and 6.4%.
Once the placing is completed, Nixon will be subject to a lock-up in respect of his remaining shares in the company until Moneysupermarket.com releases its preliminary results for the year ended December 31, which is expected to be published in March 2016.
As of March 3, Moneysupermarket.com said Nixon held a total of 89.8 million shares in the company, representing just under a 16.5% stake in the company - suggesting he is selling off around a third of his total shareholding.
Moneysupermarket.com shares closed up 0.7% to 328.35 pence per share on Tuesday.
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Three board members of beverage company Stock Spirits Group bought shares following a profit warning caused by a drop in sales in its Polish business.
The company said Chief Executive Officer Chris Heath bought 100,444 shares at a price of GBP1.035 per share on Tuesday and Chief Operating Officer Ian Croxford bought 100,000 shares at the same price on Monday. In addition Agneta Maloney, the wife of Chairman David Maloney, bought 20,000 shares at GBP1.0562 each on Tuesday.
The Central Europe-focused drinks distributor had already lowered its 2015 earnings before interest, tax, depreciation and amortisation guidance in August to between EUR60 million and EUR68 million when it said it was suffering from aggressive competitor pricing and irregular buying patterns by customers in Poland. Last Friday, it said a continuation of the challenging conditions has led it to further reduce its guidance to between EUR50 million and EUR54 billion.
The stock closed up 3.7% at 103.66p Tuesday.
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Consumer goods giant Reckitt Benckiser Group said Chief Financial Officer Adrian Hennah bought 10,000 shares at a price of GBP62.9857 per share on Tuesday. Following this transaction, Hennah's shareholding has increased to 36,851 shares, representing 0.0052% of the total voting rights. The stock closed up 1.3% at 6,312.30p Tuesday.
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Outsourcer G4S said Chief Financial Officer Himanshu Raja bought 50,000 shares at GBP2.251 per share Monday. Following this transaction, Raja beneficially holds 100,000 shares. The stock closed up 2.0% at 231.50p Tuesday.
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SVG Capital said Chief Executive Officer Lynn Fordham sold 15,347 shares at 488.93p each on Tuesday. She now holds 499,162 shares. The company also said Non-Executive Director Simon Bax sold 6,250 shares at 489.04p each also on Tuesday. The stock closed up 0.3% at 489.10p Tuesday.
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AdEPT Telecom said Non-Executive Director Dusko Lukic sold 45,000 shares at a price of 260p per share on Tuesday. The sale took place to in order to meet institutional demand, the company said in a statement. Following this transaction, Lukic is now interested in 47,500 shares representing 0.2% of the issued share capital. Shares in the business-to-business telecommunication services provider closed down 6.3% at 262.50p Tuesday.
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Baker Greggs said Non-Executive Director Sandra Turner bought 1,000 shares at 1,254.55p each on Tuesday. The purchase is her only holding. The stock closed up 0.1% at 1,244.00p Tuesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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