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Vodafone chiefs dial up stakes

Vodafone's bosses bought up shares after the Liberty Global deal failed to materialise
October 9, 2015

Executives are often told to lead by example; persuading investors to buy shares is no exception. Perhaps in response to a 12 per cent stock slump in the past two months, Vodafone (VOD) chief Vittorio Colao and finance boss Nick Read shelled out about £558,000 and £390,000 each on shares over the last two days of September. The pair raised their stakes in the business to 10.9m and 2.1m shares respectively.

IC TIP: Hold

The purchases followed an announcement detailing the end of nearly four months of talks regarding a potential asset exchange with US cable giant Liberty Global. And they came a few months after the group revealed a slight rise in organic service revenue in the quarter ended June 2015, as robust demand in India, Turkey and other parts of Asia offset continued declines in Italy, Spain and elsewhere in Europe. The group also extended 4G coverage to 75 per cent of Europe and more than tripled its 4G customer base to 24.1m users across 18 markets.

Buys

CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Active Energy  Richard Spinks (ce)30 Sep 15200,0005.711,4009,987,0001.723
AfriAg David Lenigas (ch)25 Sep 155,000,0000.4522,500121,000,0008.762
AfriAg David Lenigas (ch)24 Sep 1510,000,0000.440,000116,000,0008.400
Asa Resource * Yat Hoi Ning (ch)30 Sep 15105,426,46711,054,265105,881,0126.265
BP Dr. B Gilvary (cfo)29 Sep 1560,000328.65197,190903,6060.005
Brewin Dolphin Holdings Simon Miller (ch)25 Sep 155,000273.2513,66365,0000.023
Brooks Macdonald  Andrew Shepherd29 Sep 151,4711,70025,00749,3860.362
Caledonia Investments ♥ William Wyatt (ce)28 Sep 1519,0002,160410,4001,079,3651.949
Capital & Regional Louis Norval30 Sep 1521,35266.9914,304172,856,36624.667
Capital & Regional ♥Louis Norval29 Sep 1560,00067.0740,242172,832,36624.664
Capital & Regional ♥Louis Norval24 Sep 15306,11766.05202,190172,772,36624.655
Capital & Regional ♥Louis Norval24 Sep 151,000,00065.5655,000172,772,36624.655
Castle Street Investments ♥MME Royde24 Sep 15600,00027162,00013,811,00019.397
Clarkson ♥Peter Anker29 Sep 1517,5002,018.50353,238526,4771.742
CRH Rebecca McDonald30 Sep 151,0001,745.0817,4511,0000.000
Diploma Anne Thorburn29 Sep 153,00065719,7103,0000.003
Dods  Cheryl Jones (ch)30 Sep 15240,000819,2005,065,0001.491
Dods  Sir William Wells30 Sep 15235,000818,8001,855,0000.546
EPE Special Opportunities Geoffrey Vero (ch)29 Sep 1518,18211020,00078,8020.290
FBD Holdings Liam Herlihy24 Sep 153,000489.83214,6953,0000.009
Flow Clare Spottiswoode (ch)28 Sep 15143,50010.615,211752,2870.237
Glencore John Mack29 Sep 15550,00081445,500750,0000.005
Glencore Dr. Tony Hayward (ch)30 Sep 15100,0009191,000244,9070.002
GVC Holdings Kenneth Alexander (ce)28 Sep 1541,535415172,370525,3330.857
Hiscox Andrea Rosen30 Sep 152,22594921,11569,2900.024
Hiscox Anne Macdonald30 Sep 152,04194919,3693,0710.001
Hiscox Ernst Jansen30 Sep 152,12894920,19577,4960.027
Horizonte Minerals David Hall (ch)28 Sep 15274,047182.45499,9991,039,9550.172
Horizonte Minerals Dr. Owen Bavinton28 Sep 152,000,0002004,000,0002,000,0000.331
ITV Archie Norman (ch)30 Sep 1512,675247.8831,4191,338,0740.033
JD Sports Fashion Peter Cowgill (ch)24 Sep 1520,000928185,6001,661,0520.853
Just Retirement  Steve Melcher25 Sep 1513,991172.6124,15013,9910.003
Just Retirement  Steve Melcher25 Sep 1521,00917536,76635,0000.007
Kainos  John Lillywhite (ch)30 Sep 1566,000210138,600500,0000.424
KBC Advanced Technologies ♥ Oliver Scott25 Sep 1515,000112.6716,90110,845,05013.208
Learning Technologies  Harry Hill29 Sep 15165,00023.3838,5771,995,0000.501
London Capital Group Hold's Charles-Henri Sabet (ce)24 Sep 15800,00015120,0002,800,0003.729
Lowland Investment Co ♥ Duncan Budge30 Sep 155,0001,287.1764,3595,0000.019
Mercantile Investment Trust (The) Hamish Melville (ch)24 Sep 1510,0001,689168,90040,0000.042
Morgan Sindall  Liz Peace 25 Sep 151,375728.210,0131,3750.003
Moss Bros  Zoe Morgan30 Sep 1510,83794.3410,22476,8970.076
mporium  Barry Moat (ce)30 Sep 152,150,0004.3393,0957,150,0001.658
mporium  Nigel Walder (ch)30 Sep 151,150,0004.3349,7956,150,0001.426
mporium  Richard Gordon (fd)30 Sep 151,000,0004.3343,3001,000,0000.232
Murgitroyd  Dr. Christopher Masters 25 Sep 154,000532.521,3004,0000.045
NMC Health J Bomford25 Sep 152,000813.516,27012,0000.006
NMC Health Ω HJM Tompkins (ch)25 Sep 158,000829.266,33625,0830.014
Paddy Power Stewart Kenny30 Sep 152,78110,330287,277357,4320.812
Personal Group Holdings ♥Mike Dugdale (cfo)29 Sep 152,910522.615,20816,6200.055
Poundland  Miles Roberts25 Sep 1510,918272.7529,77910,9180.004
Poundland  Tea Colaianni24 Sep 1518,100277.450,20933,8230.013
PuriCore Charles Spicer (ch)24 Sep 1577,92219.2515,000152,9220.305
PuriCore Daniel Hegglin24 Sep 15500,00019.396,5005,409,09110.789
PZ Cussons Richard Harvey (ch)30 Sep 154,310289.912,49583,2430.019
RapidCloud International Raymond Chee (ce)29 Sep 1535,0003311,5501,353,9496.236
Redhall * Chris Kelly (fd)30 Sep 15600,000530,000600,0000.300
Redhall * Martyn Everett (ch)30 Sep 15600,000530,000600,0000.300
Redhall * Phil Brierley (ce)30 Sep 15800,000540,000830,0000.415
Redhall * Philip Hilling30 Sep 15200,000510,000250,8910.125
River and Mercantile  Kevin Hayes (cfo)30 Sep 1514,00023232,480207,9320.253
Rotork ♥Jonathan Davis (fd)24 Sep 156,000169.410,164203,6240.023
S&U Graham Coombs28 Sep 155,0002,465123,2501,535,20712.923
Satellite Solutions Worldwide  Michael Tobin (ch)29 Sep 15580,0004.224,360580,0000.188
Satellite Solutions Worldwide  Paul Howard29 Sep 15500,0004.2521,250500,0000.162
Sierra Rutile Dr. Richard Lister30 Sep 15175,00017.530,625860,0000.165
Smiths  Sir George Buckley (ch)24 Sep 155,0001,040.9352,0465,0000.001
Sound Energy Richard Liddell28 Sep 1575,00014.4510,83875,0000.015
Speedy Hire Russell Down (ce)30 Sep 1570,00032.93523,055150,0000.029
Starwood European Real Estate Finance Stephen Smith (ch)29 Sep 1538,929102.7540,00078,9290.026
Strat Aero Tony Dunleavy (ce)30 Sep 15200,0005.7511,500200,0000.237
UDG Healthcare Dr Linda Poil Wilding28 Sep 1519,30450898,06419,3040.008
ULS Technology Ben Thompson24 Sep 1520,0005110,20020,0000.031
Vodafone  Nick Read (cfo)30 Sep 156,577207.2513,6312,039,8750.008
Vodafone  Nick Read (cfo)28 Sep 15180,000209.05376,2902,033,2980.008
Vodafone  Vittorio Colao (ce)30 Sep 156,942207.2514,38710,906,2230.041
Vodafone  Vittorio Colao (ce)28 Sep 15260,000209.05543,53010,899,2810.041
Volex Daren Morris (cfo)29 Sep 1520,00071.414,280200,0000.222

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Brooks Macdonald  Chris Macdonald (ce)29 Sep 15610,0001,70010,370,000225,4101.650
Brooks Macdonald  Simon Jackson (fd)29 Sep 1549,0001,700833,00030,5340.224
Hiscox Richard Watson29 Sep 1560,000935.42561,250752,9510.265
IG Group Holdings Christopher Hill (cfo)28 Sep 1538,524779300,10248,3950.013
Learning Technologies  Jonathan Satchell (ce)29 Sep 153,175,00023730,250107,039,99526.860
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/Trust †Depositary receipts