16th Sep 2015 16:09
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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SABMiller said Tony van Kralingen, the retiring director of Integrated Supply and Human Resources, sold a total of 180,170 shares, in a deal worth about GBP6.5 million.
Details were as follows:
20,000 shares at a price of GBP35.7467 per share
25,000 shares at a price of GBP35.7647 per share
35,000 shares at a price of GBP36.0069 per share
45,000 shares at a price of GBP36.5616 per share
55,170 shares at a price of GBP37.0321 per share
In April, SABMiller said van Kralingen was to retire in December after 33 years with the company. "SABMiller is a world-class business with a great future. I hope that as a temporary custodian of those businesses and functions which I've had the honour to lead, I have left them in good shape for the next phase of SABMiller's transformation and growth," van Kralingen said in a statement.
Earlier Wednesday, SABMiller confirmed it has been approached by rival Anheuser-Busch InBev about a possible takeover, a mega deal that would create by far the world's largest brewer, with a market capitalisation of around USD275 billion, or GBP175 billion. That would make combined entity the sixth largest company in the world by market cap.
The news saw SABMiller shares soar, hitting an intraday high of 3,737.00 pence. SABMiller shares closed up 23% at 3,718.18p, the strongest performer in the FTSE 100 Wednesday.
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Glencore said raised USD2.50 billion after placing a large number of shares as part of the company's major plans to reduce its substantial debt pile in light of the downturn in commodity markets.
The FTSE-100 listed multi-commodity miner and trader had late Tuesday announced its intention to raise USD2.50 billion, or USD1.60 billion through the placing of 1.31 billion shares. On Wednesday, Glencore confirmed the price per share was 125.0 pence.
The commodities company said 78% of the new shares from the fundraising were allocated through an accelerated bookbuild placing, with the remaining 22% subscribed for by senior managers at Glencore, including Chief Executive Ivan Glasenberg.
Glasenberg purchased 110.1 million shares to hold a total of 1.21 billion Glencore shares, representing a 8.42% stake in the company. Glasenberg remains the largest shareholder in the commodity giant and the 125.0 pence price means he has forked out around GBP137.6 million to take part in the fundraising.
Glencore closed up 3.8% at 132.87p Wednesday.
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Balfour Beatty, the construction, support services and infrastructure group, said Chief Financial Officer Philip Harrison bought 4,664 shares at a price of 257 pence per share Monday. Following this transaction, Harrison holds 6,349 shares, representing 0.001% of the company's issued share capital. The stock closed up 0.4% at 255.73p Wednesday.
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Spirax-Sarco Engineering said Klaus Rumler, the president of its Asia-Pacific arm, sold 10,000 shares at a price of 3,100.00 pence per share last week. Following this transaction, Rumler holds 20,222 shares, which represents an 0.03% stake. Shares in the industrial engineering company closed up 0.3% at 3,019.90p on Wednesday.
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Rotork said Non-Executive Director Lucinda Bell bought 7,150 shares at about 211 pence per share Tuesday. The purchase is her only holding in the actuator maker. Bell also is chief financial officer of real estate company British Land. Rotork shares closed up 1.7% at 215.60p Wednesday.
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PureTech Health said Non-Executive Director John LaMattina bought 11,000 shares on Tuesday, in a deal worth GBP16,088. The shares were bought at about GBP1.46 each. The company also said he bought 5,508 shares at about GBP1.45 each on Friday and a further 16,492 shares last week. Following the purchases, LaMattina holds 1.5 million shares or 0.61% of issued shares. Shares in the research and development company closed up 1.5% at 149.00p Wednesday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Balfour BeattyPureTechRotorkGlencoreSpirax-SarcoSAB.L