8th Jan 2016 17:24
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Poundland Group said one of its directors bought shares as the discount retailer warned on profit, reporting worse than expected sales over the Christmas period.
Supply Chain Director Andy Monk bought 8,337 shares at 170.5 pence each on Thursday.
The purchase takes Monk's holding to 1.8 million shares, equivalent to a 0.67% stake.
On Thursday Poundland's shares sank after the discount retailer added to the picture of woe for the UK retail sector over the key Christmas sales period.
Due to sluggish holiday trading, Poundland said it expects its pretax profit for the year to March to be at the lower end of market expectations, as some of the weak trading seen in the first half of its current financial year continued into the third quarter.
The stock closed down 0.5% at 166.90p Friday.
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Struggling platinum miner Lonmin said members of its board took up their rights entitlement in full resulting from the allotment and issue of new shares following the company's rights issue and the subsequent share consolidation.
In December Lonmin completed its one-for-100 share consolidation after a heavily discounted and costly rights issue almost doubled its share capital. Lonmin completed a 46-for-one rights issue which was heavily discounted at only 1.0p per share, 94% less than Lonmin's closing price the day before the rights issue was announced.
The rights issue saw a disappointing take-up, with only 70% of the shares available being purchased by shareholders. However, it was fully underwritten.
Chief Executive Officer Ben Magara acquired 2.5 million shares, taking his shareholding to 25,213 after the share consolidation.
Chief Financial Officer Simon Scott acquired 2.4 million shares, and now holds 24,056 shares after the consolidation.
Chairman Brian Beamish acquired 1.4 million shares, and now holds 14,100 shares after the consolidation.
The company also said a group of non-executives also acquired shares. Ben Moolman acquired 840,512 shares, Len Konar 653,200 shares, Jonathan Leslie 670,496 shares, and Jim Sutcliffe 768,246 shares. They now hold 8,588 shares, 6,674 shares, 6,851 shares, and 7,849 shares respectively after the consolidation.
The mining stock closed down 7.3% at 60.75p Friday.
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Thomas Cook Group said two of its top executives bought a total of 40,000 shares on Thursday. Chief Executive Officer Peter Fankhauser bought 20,000 shares at GBP1.166 each, taking his holding to 2.2 million shares, equating to a 0.145% stake. Chief Financial Officer Michael Healy bought 20,000 shares at GBP1.155 each which makes his interest 1.2 million shares, or 0.77% stake. Shares in the travel operator closed up 2.3% at 119.27p Friday.
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Majestic Wine said Chief Financial Officer James Crawford bought 7,000 shares at 354.95p each on Friday. The company also said his wife acquired 2,000 shares at the same price. The two purchases are James Crawford's only holdings. In November the London-listed wine specialist said Crawford, who was finance director of Naked Wines International, the online international wine specialist acquired by Majestic Wine would become CFO of the enlarged group. Majestic on Thursday reported a huge rise in sales in its Christmas trading period which it said was driven by its acquisition of Naked Wines, though like-for-like sales grew as well. The stock closed up 0.2% at 357.00p Friday.
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Vianet Group said Chief Executive Officer Stewart Darling bought 33,244 shares at a price of 94p per share through his pension fund on Friday. The purchase is Darling's only holding. Shares in the monitoring and data management products provider closed up 3.8% at 95.00p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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