27th Jul 2016 16:03
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.
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Staffline Group said Chief Financial Officer Chris Pullen bought shares as the staffing and training provider reported strong first half earnings.
Pullen bought 12,000 shares at a price of 905 pence per share on Wednesday. The company also said Tina McKenzie, managing director for Ireland, bought 11,634 shares at 902p each on Wednesday.
Staffline Group on Wednesday said pretax profit surged higher in the first half thanks to acquisition contributions and one-off costs not repeating, prompting a 40% hike to its dividend.
Staffline said its pretax profit for the half to the end of June grew to GBP11.4 million, a massive rise against the GBP800,000 it posted a year before when it book amortisation charges on previous acquisitions and other one-offs. Stripping out the exceptional items, underlying pretax profit grew to GBP15.2 million from GBP10.1 million.
The stock closed up 3.6% at 891.25p Wednesday.
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Ashtead Group said Chairman Chris Cole sold 25,000 shares at a price of 1,186 pence per share Tuesday. Following this transaction, Cole holds 110,082 shares in the equipment rental business. The stock closed up 2.1% at 1,209.00p Wednesday.
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French Connection Group said Non-Executive Director Christos Angelides bought 25,000 shares on Tuesday. Angelides had previously bought 50,000 shares on Friday. He now holds 75,000 shares. Shares in the high street fashion retailer closed down 3.5% at 35.45p Wednesday.
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Kolar Gold said it has issued 5.0 million shares to new Chief Executive Cameron Parry as part of his remuneration package upon taking the top job. Following the transaction, including his participation in the placing, Parry's total holding is 7.0 million shares, or a 3.62% stake. Earlier this month Kolar raised GBP900,000 via a placing to back work on its assets in India, with AIM-listed natural resources investor Metal Tiger PLC acquiring 18.2 million of the placing shares. Kolar issued 81.8 million shares at 1.1 pence per share to raise the funds. As part of the placing, Parry, who is a non-executive director at Metal Tiger, became Kolar's chief executive. He was Metal Tiger's chief executive until a management shake-up was initiated at the company in February. The stock closed up 1.6% at 1.42p Wednesday.
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Manchester & London Investment Trust said M&M Investment Company, a vehicle connected to the trust's manager Mark Sheppard, sold 100,000 shares at a price of 284 pence per share on Tuesday. Following the sale, Sheppard holds a beneficial interest in 13.6 million shares, which equals a 62.94% stake in the trust. The stock closed up 0.5% at 281.40p Wednesday.
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Europa Oil & Gas (Holdings) said Non-Executive Director Christian William Ahlefeldt-Laurvig bought 7.0 million shares at a price of 4 pence per share on Tuesday. In addition, Ahlefeldt-Laurvig bought 2.5 million shares at the same price last Friday. He now holds 35 million shares, or a 14.29% stake in the oil and gas company. The stock closed up 6.3% at 4.25p Wednesday.
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Fastjet said Chief Commercial Officer Richard Bodin sold 51,250 shares at a price of 26.5 pence per share Tuesday. Shares in the African low-cost airline closed down 3.6% at 28.50p Wednesday.
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Terra Capital said Investment Manager Howard Golden bought 138,000 shares at a price of USD0.80 per share Monday. Following this transaction, Golden holds 409,805 shares. Shares in the real estate company closed up 2.3% at USD0.823 Thursday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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