9th May 2016 16:09
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday.
----------
BT Group said Finance Director Tony Chanmugam sold GBP623,000 worth of shares as he prepares to step down from the role.
Chanmugam sold 140,000 shares at a price of 445 pence per share on Friday.
Following the sale, Chanmugam has a personal holding of 295,268 shares.
In March, BT named Simon Lowth as its new finance director, with plans for him to join the company on July 4.
Lowth, who was the finance director at gas producer BG Group prior to its takeover by Royal Dutch Shell, will take over from Chanmugam, who announced his plan to step down in February.
Chanmugam will remain in place for a handover period, after which he will move to focus on integrating mobile network EE into BT, following its acquisition of the business last year.
The stock closed up 0.4% at 445.18p Monday.
----------
HSBC Holdings said Caroline Nish, wife of Non-Executive Director David Nish, bought 50,000 shares at GBP4.3260 each on Friday. His total shareholding was undisclosed. HSBC in March appointed the former Standard Life boss David Nish to its board. He was the chief executive of Standard Life, the blue-chip life insurer and investment manager, until 2015. He also sits on the boards of exchange operator London Stock Exchange Group and telecommunications company Vodafone Group. The stock closed up 0.2% at 432.61p Monday.
----------
Insurer RSA Insurance Group said Non-Executive Director Martin Strobel bought 12,000 shares at a price of GBP4.827 per share Monday. Strobel's total shareholding was undisclosed. The stock closed up 0.6% at 481.70p Monday.
----------
Insurer Beazley said Head of Specialty Lines Adrian Cox and his spouse Elaine O'Connor Cox, each purchased 3,250 shares at a price of 338.32 pence per share last Friday.
Following this transaction, Adrian Cox holds a beneficial interest in 752,705 shares, representing approximately 0.14% of the issued share capital.
Beazley last Thursday said premiums grew in the first quarter, boosted by the continued expansion of its underwriting teams.
The company said premiums in the quarter to the end of March grew 7.0% year-on-year to USD583.0 million from USD546.0 million a year earlier. Growth was driven by its Specialty Lines business, which saw premiums grow 15% year-on-year, and from its newly-formed healthcare small business team.
Rates on renewal business declined 1.0% across the portfolio in the quarter amid a competitive rates environment, the company said, though renewal rates did grow in its Specialty Lines business.
The stock closed up 2.3% at 346.06p Monday.
----------
Synthomer said Non-Executive Director Alex Catto, with his wife, sold a total of 265,000 shares at GBP3.43156 each last Thursday. He now holds a beneficial interest in 1.5 million shares and a non-beneficial interest in 7.6 million shares. The stock closed down 1.0% at 345.10p Monday.
----------
Xaar said Chief Executive Officer Doug Edwards bought 6,092 shares at a price of 493.6198 pence per share on Friday. Following this transaction, Edwards holds 32,913 shares, which represents a 0.042% stake in the inkjet printing technology company. The stock closed up 0.2% at 494.50p Monday.
----------
Internet domain operator Minds + Machines Group said Chairman Guy Elliott bought 100,000 shares at 8.75 pence each on Friday. After the purchase, Elliot now holds 22.7 million shares, which equates to a 3.0% stake in the company. The stock closed up 2.6% at 9.23p on Monday.
----------
ServicePower Technologies said Chairman Hugh Fitzwilliam-Lay and Chief Executive Officer Marne Martin each purchased 62,041 shares at 2.5 pence apiece on Friday. As a result of the transactions, Fitzwilliam-Lay and Martin have an interest in 7.5 million and 62,041 shares, representing 3.3% and 0.03% of the issued share capital, respectively. Shares in the workforce management software provider closed down 1.0% at 2.60p Monday.
----------
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
BT