12th Feb 2016 17:13
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Rolls-Royce Holdings said Chief Financial Officer David Smith bought shares as the power systems developer cut its dividend for the first time in 24 years after reporting a drop in profit and free cash flow Friday.
Smith bought 8,333 shares at a price of 600 pence per share on Friday, and now holds 28,921 shares.
Earlier, Chief Executive Warren East who started work as chief executive in July, put to rest market fears of a sixth profit warning in two years, reiterating guidance for 2016.
The full-year dividend was slashed to 16.37 pence from 23.10p, slightly ahead of the 16.20p expected by analysts. East said the dividend paid for the first half of the new year will be halved, as underlying free cash flow fell to GBP179 million from GBP447 million
Shares in the blue-chip company closed up 17% to 621.13 pence on Friday, having lost around half of its value since the first of five profit warning in February 2014.
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SuperGroup said co-founder and Product & Brand Director Julian Dunkerton sold 4.0 million shares in the company at 1,200 pence each via an accelerated bookbuild on Thursday. Following the sale, Dunkerton now holds 22.1 million shares in the company, equivalent to a 27% stake in the company. The shares were sold to institutional investors in a placing managed by Investec Bank and Canaccord Genuity, acting as joint bookrunners. The stock closed down 2.2% at 1,300.41p Friday.
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Brewer Greene King said incoming Chairman Philip Yea bought 30,000 shares at 858.98 pence per share on Thursday. The purchase is his only holding and will be replacing incumbent Chairman Tim Bridge who will retire in May. Yea is currently a senior independent director at telecoms group Vodafone Group and IT services company Computacenter, and recently stepped down as chairman of online gaming company bwin.party digital entertainment following its acquisition by GVC Holdings. Prior to this, he was chief executive of private equity investor 3i Group and finance director at drinks giant Diageo. The stock closed up 1.1% at 855.00p Friday.
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Grafenia said acting Chief Executive Officer Peter Gunning bought 60,413 shares at a price of 10.80 pence per share on Tuesday. Following this transaction, Gunning now holds 1.0 million shares, which represents 2.17% stake in the firm. The company also said Non-Executive Director Conrad Bona bought 150,000 shares at 10.58p each on Monday. He now holds 450,000 shares, or 0.98% stake. The stock closed down 7.0% at 10.0p Friday.
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WS Atkins said the wife of Chairman Allan Cook bought 4,300 shares at a price of 1,155 pence per share on Friday. Following this transaction, Cook now holds a beneficial interest in 21,442 shares, which represents a 0.0214% stake in the firm. WS Atkins on Wednesday said trading has remained in line with expectations since the start of October despite some of its markets being tough. The stock closed down 2.4% at 1,158.00p Friday.
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Renold said Non-Executive Director John Allkins bought 69,500 shares at a price of 35.5 pence per share Thursday. Following this transaction, Allkins now holds 144,500 shares, which represents 0.06% stake in the power transmission products company. The stock closed down 2.9% at 34.21p Friday.
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Enterprise Inns said Senior Independent Director David Maloney bought 25,000 shares at a price of 74.0 pence per share Thursday. Following this transaction, Maloney's overall holding has increased to 50,000 shares, or 0.01% stake. The stock closed up 0.6% at 74.25p Friday.
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Witan Investment Trust said Chief Executive Officer Andrew Bell bought 5,000 shares at 687.23p each Friday. He now holds 130,000 shares. The stock closed up 0.3% at 685.00p Friday.
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St Modwen Properties said Non-Executive Director Richard Mully bougth 10,000 shares at 321.1p each on Friday. He now holds 40,000 shares. The stock closed down 0.5% at 321.10p Friday.
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RM said Chief Financial Officer Neil Martin bought 35,000 shares at a price of 136.43 pence per share Thursday. The purchase is his only holding in the educational services company. The stock was up 0.9% at 135.50p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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Related Shares:
Rolls-Royce