14th Jan 2016 17:09
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Univision Engineering said that Chairman Stephen Koo inked purchase and sale agreements to sell shares in the company in which he is the ultimate beneficial owner to Yi Sheng Technology and Beijing Hang Tian.
Under the agreements Yi Sheng Technology, part of Derun Group, bought a 20.5% stake in the company for around GBP1.87 million, whilst Beijing Hang Tian bought a 21.0% stake for around GBP1.9 million.
Koo will retain the rights to all dividends for the financial year to end-March.
The AIM-listed surveillance system technology company did not provide details of the number of shares involved in the deals, or Koo's remaining interest in the company. Prior to the deals Koo had a 72.90% stake in the company.
"I am delighted that Yi Sheng, part of the Derun Group and Hang Tian, a State Owned Enterprise, have agreed to become major shareholders in Univision. Their financial strength will support us in tendering for high-value contracts we are working on. They will also be in a position to support us in our attempts to penetrate the Mainland Chinese market," said Koo in a statement.
Shares in Univision were untraded Thursday, it last closed at 0.650 pence.
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Private & Commercial Finance Group said its new Finance Director David Bull bought his first shares in the vehicle finance provider. Bull bought 165,038 shares at a price of 23 pence per share through his pension plan on Thursday. The purchase is his only holding after being appointed last July. Bull was the former director of finance and company secretary of Hampshire Trust Bank and the interim chief financial accountant at the Bank of England prior to this. Shares closed up 1.9% at 23.95p Thursday.
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Exhibition and conferences company ITE Group said Chief Financial Officer Neil Jones sold 15,000 shares at 147.81p per share on Tuesday. Following this transaction, Jones holds 175,868 shares, representing approximately 0.068% of the issued share capital. The stock closed down 1.1% at 140.00p Thursday.
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Real estate investment trust McKay Securities said Chairman David Thomas bought 283 shares at 265.5p each on Wednesday. He now holds 151,642 shares. The stock closed down 3.0% at 256.00p Thursday.
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JPMorgan Japan Smaller Companies Trust said Non-Executive Director Yuuichiro Nakajima bought 5,000 shares at a price of 263.3p per share on Wednesday. The purchase is his only holding in the trust. The stock closed down 2.6% at 257.25p Thursday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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