Berendsen 's (BRSN) chief executive, James Drummond, has significantly upped his stake in the company, purchasing 122,840 shares for more than £1m. It's a bold move for Mr Drummond, who joined in August 2015. This latest transaction dwarfs his previous two share purchases, made via two separate tranches of 10,000 shares in 2015 and another in 2016.
The shares fell more than 10 per cent following the release of the textile group's most recent results earlier this month. Operational problems have plagued the UK business due to a lack of investment in people, plant and machinery. An ambitious plan is under way to get the business back on track, but problems are expected to persist this year.
The transaction makes Mr Drummond the second-largest shareholder on the board, overtaking chairman Iain Ferguson, who owns 125,000 shares. He does, however, still lag behind finance director Kevin Quinn, who owns just over 205,000 shares.
Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| 3i | David Hutchison | 03 Mar 17 | 3,000 | 697.5 | 20,925 | 59,966 | 0.006 |
| 3i | Jonathan Asquith | 03 Mar 17 | 3,000 | 697.5 | 20,925 | 43,001 | 0.004 |
| 3i | Simon Thompson (ch) | 03 Mar 17 | 4,301 | 697.5 | 29,999 | 45,457 | 0.005 |
| 3i | Stephen Daintith | 03 Mar 17 | 1,241 | 697.5 | 8,656 | 1,241 | 0.000 |
| 3i | Martine Verluyten | 03 Mar 17 | 3,000 | 697.5 | 20,925 | 24,000 | 0.002 |
| 3i | Peter Grosch | 03 Mar 17 | 3,000 | 697.5 | 20,925 | 4,249 | 0.000 |
| Admiral | Annette Court | 08 Mar 17 | 2,150 | 1823.8 | 39,212 | 2,150 | 0.001 |
| Ascential | Duncan Painter (ceo) | 02 Mar 17 | 22,593 | 305.4 | 68,999 | 3,551,022 | 0.887 |
| BP Marsh & Partners | Pankaj Lakhani | 02 Mar 17 | 11,200 | 195 | 21,840 | 30,000 | 0.103 |
| Berendsen | James Drummond (ceo) | 03 Mar 17 | 122,840 | 820.05 | 1,007,349 | 142,840 | 0.083 |
| Castleton Technology♥ | Ian Smith | 03 Mar 17 | 250,000 | 59.12 | 147,800 | 19,454,336 | 24.715 |
| Castleton Technology | Ian Smith | 06 Mar 17 | 566,875 | 58.12 | 329,468 | 20,021,211 | 25.435 |
| Coats | Simon Boddie (cfo) | 02 Mar 17 | 100,000 | 56.5 | 56,500 | 200,000 | 0.014 |
| Collagen Solutions* | Malcolm Gillies | 07 Mar 17 | 2,000,000 | 5.911 | 118,220 | 3,653,000 | 1.155 |
| Collagen Solutions* | David Evans (ch) | 07 Mar 17 | 16,500,000 | 5.911 | 975,315 | 35,374,167 | 11.184 |
| Collagen Solutions* | Jamal Rushdy (ceo) | 07 Mar 17 | 1,000,000 | 5.911 | 59,110 | 1,000,000 | 0.316 |
| Collagen Solutions* | Gillian Black (cfo) | 07 Mar 17 | 500,000 | 5.911 | 29,555 | 857,143 | 0.271 |
| Fundsmith Emerging Equities Trust | David Potter | 03 Mar 17 | 2,297 | 1088 | 24,991 | 15,404 | 0.066 |
| Interserve | Glyn Barker (ch) | 07 Mar 17 | 25,800 | 233.271 | 60,184 | 25,800 | 0.018 |
| Intu Properties♥ | John Whittaker | 06 Mar 17 | 8,800 | 283.075 | 24,911 | 336,766,939 | 24.853 |
| Jupiter Fund Management♥ | Bridget Macaskill | 02 Mar 17 | 10,000 | 432.7 | 43,270 | 10,000 | 0.002 |
| Jupiter Fund Management♥ | Bridget Macaskill | 02 Mar 17 | 25,000 | 432.7 | 108,175 | 35,000 | 0.008 |
| Jupiter Fund Management♥ | Bridget Macaskill | 02 Mar 17 | 25,000 | 432.7 | 108,175 | 95,000 | 0.021 |
| Jupiter Fund Management♥ | Bridget Macaskill | 02 Mar 17 | 35,000 | 432.7 | 151,445 | 70,000 | 0.015 |
| Just Eat | Paul Harrison (cfo) | 07 Mar 17 | 14,622 | 541.66 | 79,202 | 14,622 | 0.002 |
| Legal & General | Philip Broadley | 08 Mar 17 | 7,735 | 254.2 | 19,662 | 7,735 | 0.000 |
| LoopUp | Barbara Judge (ch) | 08 Mar 17 | 3,000 | 163 | 4,890 | 23,754 | 0.058 |
| Manchester & London Investment Trust | David Harris | 03 Mar 17 | 3,655 | 339.94 | 12,425 | 3,655 | 0.017 |
| Mitchells & Butlers | Phil Urban (ceo) | 02 Mar 17 | 20,185 | 246.42 | 49,740 | 51,491 | 0.012 |
| PureCircle♥ | Guy Wollaert | 08 Mar 17 | 26,200 | 329 | 86,198 | 26,200 | 0.015 |
| Randall & Quilter Investment Holdings | Michael Smith | 06 Mar 17 | 10,000 | 124 | 12,400 | 35,000 | 0.049 |
| Schroders♥ | Ian King | 06 Mar 17 | 2,641 | 2260 | 59,687 | 2,641 | 0.001 |
| Shaftesbury | Sally Walden | 07 Mar 17 | 20,000 | 919.486 | 183,897 | 60,000 | 0.022 |
| Speedy Hire | Russell Down (ceo) | 08 Mar 17 | 141,035 | 48.31 | 68,134 | 294,871 | 0.056 |
| Travis Perkins | Tony Buffin | 02 Mar 17 | 10,000 | 1444.604 | 144,460 | 133,149 | 0.053 |
| UK Commercial Property Trust♥ | Christopher Ayre | 06 Mar 17 | 42,000 | 82.7 | 34,734 | 42,000 | 0.003 |
| VPC Specialty Lending Investments♥ | Richard Levy | 02 Mar 17 | 78,251 | 77.5 | 60,645 | 1,352,876 | 0.357 |
Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Anpario♥ | Karen Prior (fd) | 08 Mar 17 | 5,000 | 301 | 15,050 | 192,836 | 0.843 |
| Anpario | Karen Prior (fd) | 08 Mar 17 | 5,000 | 301 | 15,050 | 197,836 | 0.865 |
| Ascential | Mandy Gradden (cfo) | 02 Mar 17 | 400,000 | 298.1 | 1,192,400 | 771,773 | 0.193 |
| BBA Aviation | Simon Pryce (ceo) | 07 Mar 17 | 650,000 | 309.9409 | 2,014,616 | 1,000,308 | 0.097 |
| BGEO | Nikoloz Gamkrelidze | 06 Mar 17 | 3,000 | 2875 | 86,250 | 80,750 | 0.211 |
| BGEO | Nikoloz Gamkrelidze | 07 Mar 17 | 12,000 | 2878 | 345,360 | 68,750 | 0.180 |
| Fulcrum Utility Services♥ | Stephen Gutteridge | 08 Mar 17 | 80,000 | 61.5 | 49,200 | 249,166 | 0.149 |
| Moneysupermarket.com | Peter Plumb (ceo) | 08 Mar 17 | 100,000 | 340.7731 | 340,773 | 989,160 | 0.181 |
| Moneysupermarket.com♥ | Peter Plumb (ceo) | 08 Mar 17 | 444,580 | 340.7731 | 1,515,009 | 544,580 | 0.100 |
| SThree | Alex Smith (cfo) | 06 Mar 17 | 3,097 | 309.5 | 9,585 | 280,222 | 0.216 |
| SThree | Gary Elden (ceo) | 06 Mar 17 | 4,025 | 309.5 | 12,457 | 2,677,966 | 2.065 |
| SThree | Justin Hughes | 03 Mar 17 | 10,495 | 315 | 33,059 | 340,898 | 0.263 |
| SThree | Justin Hughes | 07 Mar 17 | 90,000 | 311 | 279,900 | 250,898 | 0.194 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
