Join our community of smart investors

Al Noor executive nets £50m

Kassem Alom, previously chief executive at Abu Dhabi-based healthcare provider Al Noor Hospitals, has sold part of his stake in the company.
October 9, 2014

Kassem Alom, erstwhile chief executive of Abu Dhabi-based healthcare provider Al Noor Hospitals (ANH), has netted himself £50m by selling off 5m shares at a price of £10 each. The sale was certainly timely given the strong growth in the Al Noor’s share price since the group's London IPO in June 2013. The deal also coincided with Mr Alom’s appointment as deputy chairman.

IC TIP: Hold at 995p

The management reshuffle was mooted prior to the group’s admission, but the board agreed to complete one year as a listed entity before searching for a new boss. US citizen Ronald Lavater took over as chief executive of the company from 1 October, joining from global healthcare group John Hopkins Medicine International where he served as a senior executive for the Middle East division.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Advanced Oncotherapy Dr Enrico Vanni30 Sep 14450,0004.6020,70010,450,0001.024
Audioboom * Rodger Sargent01 Oct 14160,00012.5020,00011,593,3342.485
Audioboom * Roger Maddock01 Oct 14240,00012.5030,0005,513,5561.182
Augean Dr Stewart Davies (ce)30 Sep 1495,00048.5046,07595,0000.095
Aureus Mining IncLuis da Silva30 Sep 14142,8572130,000505,1830.163
Beazley ♥Angela Crawford-Ingle30 Sep 147,350273.0920,07220,8500.004
Beowulf Mining *Clive Sinclair-Poulton (ch)26 Sep 14666,667320,0001,999,1670.579
Berkeley Group Holdings (The) GJ Fry01 Oct 142,2002,26349,7861,162,9460.859
Brewin Dolphin Holdings David Nicol (ce)26 Sep 1415,00027140,65073,0000.027
Cambridge Cognition Holdings Nick Walters (cfo) 26 Sep 1445,00065.5029,47592,0000.543
Cambridge Cognition Holdings D Nick Kerton (ce)26 Sep 1455,00065.5036,025127,2850.752
Character Group  (The) Michael Hyde26 Sep 149,68121520,814209,6810.976
Character Group  (The) Michael Hyde25 Sep 1428,00021359,640200,0000.940
CLS Holdings Sten Mortstedt (ch)26 Sep 141,7811,368.1024,36622,144,75251.591
CLS Holdings Sten Mortstedt (ch)29 Sep 1415,9541,384.98220,96022,160,70651.628
Dods  Cheryl Jones (ch)30 Sep 14500,0006.5032,5002,600,0000.765
EKF Diagnostics Holdings David Evans (ch)01 Oct 14100,0002323,0001,805,7530.428
EnQuest Dr Jim Buckee (ch)01 Oct 1449,775109.4054,4541,980,5420.247
Globo Costis Papadimitrakopoulos (ce)29 Sep 1450,00045.7022,85069,784,19718.674
Grainger Simon Davies30 Sep 1490,000186167,400100,0000.024
Great Eastern Energy Corp †YK Modi (ch & ce)01 Oct 1490,000125112,50035,564,41759.710
Great Eastern Energy Corp †YK Modi (ch & ce)30 Sep 14100,000125125,00035,474,41759.559
Hammerson J Espinasse25 Sep 145,00056528,25017,2350.002
Hammerson *NT Drakesmith (cfo) 25 Sep 1411,00056061,600219,1080.028
Hammerson *J Mouton25 Sep 1411,89456066,606249,7670.032
Hammerson *PWB Cole25 Sep 1412,94856072,509271,9070.035
Hammerson *DJ Atkins (ce)25 Sep 1417,50056098,000363,8180.046
iEnergizer ♥Anil Aggarwal (ce)01 Oct 1421,000,00068.5014,385,000120,076,14478.476
ITE  Marco Sodi (ch)01 Oct 1425,000174.8043,700125,0000.050
KBC Advanced Technologies ♥Oliver Scott26 Sep 1425,00010426,0009,235,92811.293
KBC Advanced Technologies ♥Oliver Scott25 Sep 1450,000103.6051,8009,210,92811.263
KBC Advanced Technologies ♥Oliver Scott29 Sep 1450,00010653,0009,285,92811.354
Mothercare Mark Newton-Jones (ce)26 Sep 14110,200248.61273,967110,2000.124
Old Mutual Michael Arnold25 Sep 1426,475186.6049,40226,4750.001
ServicePower Technologies Hugh Fitzwilliam-Lay (ch)26 Sep 141,150,0007.0080,5007,449,5043.729
Tate & Lyle Nick Hampton (cfo) 26 Sep 1410,000593.5559,35510,0000.002
Tate & Lyle Sir Peter Gershon (ch)25 Sep 1410,000602.5060,250104,5990.022
Tate & Lyle Liz Airey25 Sep 1410,000603.0160,30126,0000.006
Tate & Lyle ♥Javed Ahmed (ce)25 Sep 1420,000600120,0001,274,7200.273
Tate & Lyle †Dr Ajai Puri29 Sep 144,000602.9124,1166,0180.001
TSB Banking  William Samuel (ch)29 Sep 1442,470280.10118,95842,4700.008
TT electronics Richard Tyson (ce)30 Sep 1414,88016824,99814,8800.009
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Al Noor Hospitals  Dr Kassem Alom29 Sep 145,000,0001,00050,000,0007,055,9466.038
Carpetright Lord Harris (ch)26 Sep 14462,0003801,755,6006,700,8379.882
Central Asia Metals Robert Cathery30 Sep 14834,000168.751,407,3752,802,6992.517
Central Asia Metals ♥Robert Cathery30 Sep 1417,445168.7529,4382,785,2542.502
Chaarat Gold Holdings ♥Dekel Golan (ce)01 Oct 14545,0641687,21014,075,6915.620
eServGlobal Stephen Blundell (fd)25 Sep 1438,55532.0312,349575,0000.226
eServGlobal Stephen Blundell (fd)26 Sep 1450,00030.7315,367490,0000.192
eServGlobal Stephen Blundell (fd)26 Sep 1435,00030.4610,663540,0000.212
eServGlobal Stephen Blundell (fd)29 Sep 1420,00030.406,08000.000
eServGlobal Stephen Blundell (fd)29 Sep 14470,00030.13141,62020,0000.008
Jardine Lloyd Thompson ♥ Dominic Burke (ce)25 Sep 1450,0001,008.00504,000255,3310.117
Kalimantan Gold Corp Stephen Hughes29 Sep 14190,0005.219,89900.000
* placing/tender/open offer ♥ spouse/connected party † Depositary receipts