Non-executive directors are not privy to inside information, but there's nothing stopping them acquiring a company on whose board they sit. Martin Wiwen-Nilsson, Goldman Sachs' former head of global commodities, is currently on a buying spree for shares in Kyrgyz miner Chaarat Gold (CHG), where he acts as a non-executive director. Since 13 April, Mr Wiwen-Nilsson has been steadily building his holding in the company, which will soon start the first phase of development at its eponymous gold project.
Earlier this month, Mr Wiwen-Nilsson also subscribed to $375,000 (£292,000) of Chaarat's $15m short-term senior secured convertible loan note issue. Under the terms of that deal, Mr Wiwen-Nilsson and Labro - an investment vehicle controlled by Chaarat's non-executive chairman Martin Andersson - were given three months to acquire 3.5m shares without triggering a requirement to make a mandatory offer for the company. Assuming the concert party buys all of the shares, and Labro and Mr Wiwen-Nilsson convert their loan notes, the duo's stake would amount to 48.5 per cent of the existing share capital.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Diversified Income and Growth Trust | Tom Challenor | 13 Apr 17 | 120,000 | 117.5 | 141,000 | 155,491 | 0.047 |
Asa Resource | Scott Morrison | 19 Apr 17 | 383,516 | 1.28 | 4,909 | 6,283,516 | 0.371 |
BOS Global♥ | Michael Travia | 13 Apr 17 | 221,666 | 11.8 | 26,157 | 29,640,677 | 43.002 |
British American Tobacco | John Stevens (fd) | 18 Apr 17 | 484 | 5277.67 | 25,544 | 84,256 | 0.005 |
CPPGroup | Sir Richard Lapthorne (ch) | 13 Apr 17 | 500,000 | 15 | 75,000 | 1,200,000 | 0.140 |
Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 7,287 | 19.75 | 1,439 | 8,989,310 | 2.555 |
Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 10,000 | 19.5 | 1,950 | 8,982,023 | 2.553 |
Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 95,640 | 20 | 19,128 | 9,209,950 | 2.618 |
Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 125,000 | 19.95 | 24,938 | 9,114,310 | 2.591 |
Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 3,895 | 20.75 | 808 | 9,251,689 | 2.630 |
Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 12,221 | 20.5 | 2,505 | 9,263,910 | 2.633 |
Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 18,691 | 20.25 | 3,785 | 9,247,794 | 2.629 |
Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 19,153 | 19.75 | 3,783 | 9,229,103 | 2.624 |
Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 71,040 | 20 | 14,208 | 9,334,950 | 2.654 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 10,000 | 20.75 | 2,075 | 9,412,301 | 2.676 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 10,000 | 20.75 | 2,075 | 9,422,301 | 2.678 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 11,000 | 20.75 | 2,283 | 9,402,301 | 2.673 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 13,027 | 20.5 | 2,671 | 9,374,125 | 2.665 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 17,176 | 20.75 | 3,564 | 9,391,301 | 2.670 |
Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 26,148 | 20.25 | 5,295 | 9,361,098 | 2.661 |
EMIS | David Sides | 18 Apr 17 | 2,000 | 921.95 | 18,439 | 2,000 | 0.003 |
F&C Private Equity Trust | Richard Gray | 19 Apr 17 | 10,000 | 334 | 33,400 | 10,000 | 0.014 |
GETECH♥ | Peter Stephens | 13 Apr 17 | 25,000 | 31 | 7,750 | 1,538,500 | 4.096 |
Globalworth Real Estate Investments | Dimitris Raptis | 18 Apr 17 | 15,000 | 750 | 112,500 | 374,222 | 0.414 |
Globalworth Real Estate Investments | Ioannis Papalekas | 18 Apr 17 | 98,200 | 750 | 736,500 | 23,377,101 | 25.860 |
Harwood Wealth Management♥* | Christopher Mills | 19 Apr 17 | 560,000 | 150 | 840,000 | 570,221 | 0.912 |
Hostelworld | Michael Cawley | 13 Apr 17 | 20,000 | 282.925 | 56,585 | 20,000 | 0.021 |
Hunters Property | Edward Jones (cfo) | 13 Apr 17 | 45,000 | 55 | 24,750 | 3,723,038 | 11.773 |
Menzies (John) | Paul Baines | 19 Apr 17 | 3,000 | 668.5 | 20,055 | 3,000 | 0.004 |
Nature | Berend van Straten (ch) | 18 Apr 17 | 75,000 | 8.75 | 6,563 | 349,000 | 0.440 |
Polar Capital Technology Trust | Sarah Bates | 18 Apr 17 | 5,000 | 914.5 | 45,725 | 9,000 | 0.007 |
Premier Oil | Iain Macdonald | 13 Apr 17 | 23,076 | 65 | 14,999 | 23,076 | 0.005 |
Sabien Technology* | Bruce Gordon (ch) | 19 Apr 17 | 9,250,000 | 1 | 92,500 | 14,745,000 | 13.374 |
Sabien Technology* | Karl Monaghan | 19 Apr 17 | 1,000,000 | 1 | 10,000 | 2,522,495 | 2.288 |
Tesco | Simon Patterson | 13 Apr 17 | 100,000 | 185.29 | 185,290 | 100,000 | 0.001 |
Upland Resources♥ | Bolhassan Di | 19 Apr 17 | 750,000 | 1.27 | 9,525 | 10,096,160 | 2.635 |
Zenith Energy | Andrea Cattaneo (ceo) | 18 Apr 17 | 100,000 | 10.23 | 10,230 | 1,647,485 | 1.425 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Ashmore♥ | Tom Shippey (fd) | 18 Apr 17 | 9,079 | 366.4 | 33,265 | 110,921 | 0.016 |
Ashmore♥ | Tom Shippey (fd) | 19 Apr 17 | 115,229 | 350.63 | 404,027 | 0 | 0.000 |
EG Solutions | Elizabeth Gooch (ceo) | 13 Apr 17 | 793,650 | 61 | 484,127 | 4,435,430 | 19.554 |
Fisher (James) & Sons♥ | S Kilpatrick (fd) | 18 Apr 17 | 5,000 | 1716 | 85,800 | 36,503 | 0.073 |
Gamma Communications | Andrew Stone | 18 Apr 17 | 50,000 | 530 | 265,000 | 850,500 | 0.924 |
Harwood Wealth Management* | Mark Howard | 19 Apr 17 | 666,500 | 150 | 999,750 | 10,033,006 | 16.042 |
Harwood Wealth Management♥* | Neil Dunkley | 19 Apr 17 | 333,250 | 150 | 499,875 | 6,560,606 | 10.490 |
Harwood Wealth Management* | Neil Dunkley | 19 Apr 17 | 333,250 | 150 | 499,875 | 6,893,856 | 11.023 |
Hiscox♥ | Robert Childs (ch) | 13 Apr 17 | 50,000 | 1126.201 | 563,101 | 1,409,610 | 0.493 |
Hiscox | Robert Childs (ch) | 13 Apr 17 | 50,000 | 1126.201 | 563,101 | 1,459,610 | 0.511 |
Purplebricks | Nick Discombe | 19 Apr 17 | 1,600,000 | 300 | 4,800,000 | 4,812,788 | 1.779 |
Taptica International | Yaniv Carmi (cfo) | 18 Apr 17 | 155,000 | 300.31 | 465,481 | 294,572 | 0.487 |
*Placing/tender/open offer ♥Spouse/connected party |