DIRECTOR DEALINGS SUMMARY: British Land Non-Executive Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on ...

Alliance News 19 May, 2017 | 5:19PM
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LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.

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FTSE 100-listed British Land Co said Non-Executive Director Nick Macpherson bought 2,300 shares at a price of 637.85 pence per share on Friday.

Following this transaction, Macpherson now holds 4,600 shares.

The commercial property developer produced mixed annual results on Wednesday, with flat revenue and a steep drop in statutory pretax profit for the full year, but it beat consensus expectations for its net asset value.

For the year ended March 31, British Land's statutory pretax profit came to GBP195.0 million, a sharp reduction from GBP1.33 billion reported the year before, while revenue remained largely unchanged at GBP589 million, from GBP590 million the prior year.

The stock closed down 0.4% at 635.81p Friday.

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FTSE 100-listed Hammerson said Jean-Philippe Mouton, a director, sold 59,791 shares at a price of 579.00 pence per share Thursday. The company also said Mouton sold 11,894 shares at a price of 584.125 pence per share Wednesday. After the sales, Mouton holds 194,017 shares. Shares in the property company closed down 0.5% at 577.36p Friday.

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FTSE 100-listed Burberry Group said its new Chief Operating and Financial Officer Julie Brown bought 9,621 shares at a price of 1,724.892 pence per share Friday. The purchase is Brown's only holding after joining the company in January. She was previously CFO at medical technology business Smith & Nephew, prior to which she held a number of finance and strategy roles at pharmaceutical giant AstraZeneca. Shares in the luxury fashion brand closed up 0.6% at 1,727.40p Friday.

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FTSE 100-listed lender HSBC Holdings said Non-Executive Director Jonathan Evans bought 2,239 shares at a price of 666.00 pence per share Friday. Evans' total shareholding was not disclosed. The stock closed up 0.1% at 664.80p Friday.

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Music equipment online retailer Gear4music Holdings said it has completed the placing of shares announced late Thursday. A total of 1.4 million shares, comprising of 610,000 new shares and 890,000 existing shares were placed by Panmure Gordon at a price of 690.00 pence per share. The new share portion of the offer raised gross proceeds for the company of GBP4.2 million. In addition, Gear4music is to issue 100,782 new shares in response to a warrant exercise. The company will receive another GBP140,000 as a result. Gear4music now has 20.8 million shares issued overall. The sale of existing shares was by company directors, including Chief Executive Officer Andrew Wass, who sold 725,000 shares, cutting his holding to 7.2 million shares from 7.9 million. Wass's new shareholding represents a 34.3% stake. He has committed to sell no more shares for next 12 months. Chief Financial Officer Chris Scott sold 30,000 shares to reduce his holding to 90,462 shares, or a 0.4% stake. Chief Commercial Officer Gareth Beven sold 34,000 shares to cut his to 100,382, a 0.5% stake. Non-Executive Director Dean Murray sold 50,000 shares, reducing his holding to 199,520, a 1.0% stake. Shares in Gear4music Holdings closed up 8.0% at 759.96 pence on Friday.

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Zegona Communications said Chief Operating Officer Robert Samuelson bought 12,500 shares at a price of 157.50 pence per share on Thursday. The company also said Non-Executive Director Murray Scott bought 10,000 shares at a price of 158.50 pence per share. Shares in the communications and entertainment investor closed up 0.3% at 157.42p Friday.

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Countryside Properties said Company Secretary Gary Whitaker sold around GBP442,000 shares in the housebuilder. Whitaker sold 150,000 shares at 294.66 pence each on Wednesday. His total shareholding was not disclosed. The stock closed up 2.2% at 303.53p Friday.

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Energy consultant RPS Group said Chairman Ken Lever bought 40,000 shares at a price of 268.96 pence per share on Friday. The purchase is Lever's only holding after being appointed in October. He is the former chief executive of business processing, procurement and technology company Xchanging and currently sits on the board of Biffa. The stock closed down 0.3% at 269.25p Friday.

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North Midland Construction said Finance Director Daniel Taylor bought 23,321 shares at a price of 305.00 pence per share on Friday. Taylor's total shareholding was not disclosed. North Midland Construction said on Thursday it has kept the momentum of increased profitability and revenue growth from the last financial year in the first quarter of 2017. The stock closed up 15% at 322.00p Friday.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
British Land Co PLC 605.00 GBX -0.90 -
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