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Breedon directors bank a profit

Two Breedon directors have sold 10m shares combined, but they still hold over 27m between them
March 24, 2016

Breedon Aggregates ' (BREE) former group chief executive Simon Vivian has sold 6m shares in the company at 68p each. The sale coincides with his resignation as an executive director. Having led Breedon for six years from its creation as chief executive, Mr Vivian was appointed last September as chairman of the Mineral Products Association, the trade body for aggregates, asphalt, cement and concrete.

IC TIP: Buy at 70p

However, it's expected that he will be appointed to the board of Breedon in a non-executive role, and he still retains an interest of 10.5m shares in the company. At the same time, non-executive director David Williams has sold 5m shares at the same price, reducing his holding in the company to 16.7m shares. Breedon recently reported a near 50 per cent increase in pre-tax profits for 2015, and analysts at Peel Hunt expect a similar increase in the coming year.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AEW UK REIT James Hyslop10 Mar 1650,0009346,500100,0000.085
Anglo American Mark Cutifani (ce)14 Mar 1640,000551220,400176,0790.013
Aviva Claudia Arney14 Mar 1614,000489.968,58614,0000.000
Brammer Duncan Magrath14 Mar 1630,000169.48750,84638,0000.029
Consort Medical Maria Charlotta Ginman-Horrell15 Mar 169481047.59,9309480.002
Derwent London Claudia Arney14 Mar 162,500306476,6002,5000.002
Eagle Eye Solutions  Phill Blundell (ce)10 Mar 162,978166.54,958263,9541.065
Eagle Eye Solutions  Lucy Sharman-Munday (fd)10 Mar 165,000166.58,32510,0000.040
Electrocomponents♥ David Egan (fd)10 Mar 1670,000238166,60070,0000.016
Elegant Hotels  David Adams10 Mar 1610,00010910,90010,0000.011
FDM Ivan Martin (ch)11 Mar 168,00050040,0008,0000.007
G4S John Daly11 Mar 1630,000184.1355,23930,0000.002
GlobalData Murray Legg11 Mar 1615,000241.536,22515,0000.015
Grafton♥  Paul Hampden Smith10 Mar 1614,726671.998,94414,7260.006
Greencoat UK Wind Tim Ingram (ch)14 Mar 1614,030107.86815,134243,2800.048
Greencoat UK Wind♥ Tim Ingram (ch)14 Mar 1614,184107.74515,283257,4640.051
Greggs Peter McPhillips10 Mar 165001079.95,4001,0000.001
Hansteen Holdings David Rough15 Mar 165,000109.85,4905,0000.001
Hansteen Holdings♥ David Rough15 Mar 165,000109.855,49310,0000.001
Intermediate Capital  Kevin Parry14 Mar 1616,788592.699,48616,7880.005
International Consolidated Airlines  Willie Walsh (ce)15 Mar 1650,000541.973270,9871,656,0820.082
InterQuest  David Bygrave (fd)10 Mar 1624,7508019,80037,2500.103
Jupiter Fund Management Jonathan Bond15 Mar 166,384391.625,00018,2940.004
Kromek   Lawrence Kinet11 Mar 16120,00032.2538,700150,0000.099
Majedie Investments  Paul Gadd16 Mar 1610,000244.9524,49551,2600.096
Marks & Spencer   Robert Swannell (ch)11 Mar 163,000396.19711,886143,0000.009
Non-Standard Finance Nicholas Teunon (fd)15 Mar 1610,000737,30040,9210.014
PhotonStar LED*  James Mckenzie (ce)16 Mar 161,200,0002.530,00015,523,2268.269
PhotonStar LED*  Majd Zoorob16 Mar 16400,0002.510,00011,278,5696.008
Prudential Kai Nargolwala10 Mar 1620,0001342.51268,50270,0000.003
PureCircle♥ Magomet Malsagov (ce)11 Mar 1610,00038038,00015,035,4328.736
PureCircleWilliam Mitchell (fd)11 Mar 1610,00038038,0001,098,9600.639
Quantum Pharma Andrew Scaife (ce)10 Mar 1637,0006825,1603,342,3032.674
Rank Clive Jennings (fd)10 Mar 1637,500253.3495,00362,5000.016
Regenersis Rob Woodward10 Mar 167,500196.514,73811,9590.015
Regus François Pauly11 Mar 1637,718292110,13737,7180.004
Riverstone Energy Pierre Lapeyre Jr.14 Mar 1650,000790395,0005,050,0005.978
Savills Nicholas Ferguson11 Mar 1614,286700100,00214,2860.010
SSE Sue Bruce10 Mar 166711471.6859,8752,3320.000
St Modwen Properties♥ Kay Chaldecott10 Mar 1611,02528931,86221,0250.009
St Modwen Properties William Shannon (ch)10 Mar 165,00028914,45090,0000.041
St Modwen Properties William Shannon (ch)11 Mar 165,000293.167914,65895,0000.043
Stock Spirits♥  Miroslaw Stachowicz14 Mar 1616,970147.425,01416,9700.008
STVIan Steele10 Mar 168,00044935,9208,0000.020
Tri-Star Resources Guy Eastaugh (ce & fd)15 Mar 1627,630,3100.0924,86740,000,0000.473
Tristel Francisco Soler (ch)10 Mar 1610,000113.511,35010,864,98825.768
Tristel Francisco Soler (ch)14 Mar 1636,521113.441,41510,901,50925.854
Worldpay  Deanna Oppenheimer11 Mar 1630,000280.748684,22530,0000.002
Xaar Margaret Rice-Jones16 Mar 165,70044025,0805,7000.007

Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Admiral  Alastair Lyons (ch)11 Mar 1615,0001925288,750282,1520.100
Breedon Aggregates David Williams10 Mar 165,000,000683,400,00016,710,6361.454
Breedon Aggregates Simon Vivian10 Mar 166,000,000684,080,00010,509,3710.914
British Polythene Industries♥ David Harris (fd)14 Mar 1610,00071071,000158,6580.579
Mattioli Woods John Redpath10 Mar 164,400573.525,2348,6000.034
MJ Gleeson Christopher Mills14 Mar 16298,5005651,686,52511,055,00020.427
Prime People♥ John Lewis 14 Mar 1625,0009924,7501,019,0008.306
*Placing/tender/open offer ♥Spouse/connected party ΩTender offer