A trio of CityFibre (CITY) directors have sold a combined 1.5m shares in the fibre-optic infrastructure group for a total of £900,000. Non-executive director and founding investor Gary Mesch received the lion's share of the proceeds, while brother and chief executive Greg Mesch and strategy director Mark Collins netted £126,000 each.
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Greg Mesch and Mr Collins cut their shareholdings in order to repay personal debts dating back to CityFibre's creation. The former reduced his stake by 27 per cent to below 0.6m shares, or 0.22 per cent of the company, while Mr Collins slashed his holding by more than half to less than 0.2m shares. Gary Mesch didn't offer an explanation for his sale, but remains committed to the company's long-term growth prospects. He almost halved his stake to about 1.2m shares, or 0.44 per cent of the company.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| AEW UK REIT | Bim Sandhu | 10 Oct 16 | 25,000 | 98.25 | 24,563 | 575,000 | 0.465 |
| BlackRock Frontiers Investment Trust♥ | Lynn Ruddick | 10 Oct 16 | 8,957 | 136.25 | 12,204 | 70,690 | 0.043 |
| BlackRock Frontiers Investment Trust | Lynn Ruddick | 10 Oct 16 | 16,043 | 136.25 | 21,859 | 61,733 | 0.038 |
| BlackRock Frontiers Investment Trust♥ | Lynn Ruddick | 11 Oct 16 | 19,796 | 138.56 | 27,429 | 150,486 | 0.092 |
| BlackRock Frontiers Investment Trust♥ | Lynn Ruddick | 11 Oct 16 | 21,497 | 138.25 | 29,720 | 130,690 | 0.080 |
| BlackRock Frontiers Investment Trust | Lynn Ruddick | 11 Oct 16 | 35,454 | 138.56 | 49,125 | 185,940 | 0.113 |
| BlackRock Frontiers Investment Trust | Lynn Ruddick | 11 Oct 16 | 38,503 | 138.25 | 53,230 | 109,193 | 0.066 |
| Capita | Nick Greatorex (fd) | 10 Oct 16 | 1,671 | 593.92 | 9,924 | 10,695 | 0.002 |
| DP Poland* | Christopher Moore | 10 Oct 16 | 187,500 | 48 | 90,000 | 3,842,833 | 2.807 |
| DP Poland* | Gerald Ford | 10 Oct 16 | 72,916 | 48 | 35,000 | 1,001,038 | 0.731 |
| Dunelm | John Browett (ceo) | 6 Oct 16 | 724 | 820 | 5,937 | 28,509 | 0.014 |
| Dunelm♥ | John Browett (ceo) | 6 Oct 16 | 17,450 | 821 | 143,265 | 45,959 | 0.023 |
| Dunelm | William Reeve | 6 Oct 16 | 2,500 | 822.8 | 20,570 | 5,000 | 0.002 |
| e-Therapeutics | Trevor Jones | 12 Oct 16 | 41,204 | 11.327 | 4,667 | 70,580 | 0.026 |
| Gresham House Strategic | David Potter (ch) | 7 Oct 16 | 2,475 | 808 | 19,998 | 14,285 | 0.387 |
| Haydale Graphene Industries* | John Knowles (ch) | 12 Oct 16 | 6,250 | 160 | 10,000 | 155,464 | 0.913 |
| Haydale Graphene Industries* | Matthew Wood (fd) | 12 Oct 16 | 6,250 | 160 | 10,000 | 9,821 | 0.058 |
| Haydale Graphene Industries* | Raymond Gibbs (ceo) | 12 Oct 16 | 6,000 | 160 | 9,600 | 482,000 | 2.830 |
| Haydale Graphene Industries* | Roger Humm | 12 Oct 16 | 6,250 | 160 | 10,000 | 34,709 | 0.204 |
| Highbridge Multi-Strategy Fund♥ | Victor Holmes (ch) | 6 Oct 16 | 25,250 | 197.5 | 49,869 | 25,250 | 0.020 |
| ITV | Anna Manz | 7 Oct 16 | 27,282 | 181.9 | 49,626 | 30,449 | 0.001 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 10,000 | 287.3914 | 28,739 | 336,644,722 | 25.034 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 14,000 | 287.3914 | 40,235 | 336,634,722 | 25.033 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 24,000 | 287.3914 | 68,974 | 336,540,722 | 25.027 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 24,000 | 287.3914 | 68,974 | 336,620,722 | 25.032 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 56,000 | 287.3914 | 160,939 | 336,596,722 | 25.031 |
| Intu Properties♥ | John Whittaker | 12 Oct 16 | 74,417 | 287.3914 | 213,868 | 336,719,139 | 25.040 |
| Merlin Entertainments | Anne-Francoise Nesmes (cfo) | 10 Oct 16 | 4,500 | 440 | 19,800 | 4,500 | 0.000 |
| Polymetal International | Marina Grönberg | 11 Oct 16 | 2,500 | 866 | 21,650 | 13,500 | 0.003 |
| PureCircle | Rakesh Sinha (cfo) | 11 Oct 16 | 5,000 | 279.93 | 13,997 | 25,000 | 0.014 |
| Rolls-Royce | Ian Davis (ch) | 7 Oct 16 | 254 | 778 | 1,976 | 41,485 | 0.002 |
| Rolls-Royce | Ruth Cairnie | 7 Oct 16 | 249 | 778 | 1,937 | 10,489 | 0.001 |
| Rolls-Royce | Sir Frank Chapman | 7 Oct 16 | 509 | 778 | 3,960 | 20,693 | 0.001 |
| Rosslyn Data Technologies | Hugh Cox | 7 Oct 16 | 40,000 | 10.125 | 4,050 | 9,735,090 | 12.849 |
| Secure Trust Bank | Michael Forsyth | 12 Oct 16 | 100 | 2400 | 2,400 | 2,000 | 0.011 |
| Secure Trust Bank | Michael Forsyth | 12 Oct 16 | 700 | 2400 | 16,800 | 1,900 | 0.010 |
| Shanks | Colin Matthews (ch) | 11 Oct 16 | 100,000 | 114.5 | 114,500 | 100,000 | 0.025 |
| Standard Life European Private Equity Trust | Alan Devine | 6 Oct 16 | 5,511 | 274.94 | 15,152 | 5,511 | 0.004 |
| StratMin Global Resources* | Brett Boynton (ceo) | 7 Oct 16 | 4,352,690 | 2.5 | 108,817 | 4,352,690 | 2.460 |
| StratMin Global Resources*♥ | Shishir Poddar | 7 Oct 16 | 1,972,387 | 2.5 | 49,310 | 1,972,387 | 1.115 |
| Union Jack Oil | Raymond Godson | 10 Oct 16 | 5,000,000 | 0.198 | 9,900 | 30,764,706 | 0.932 |
| Witan Pacific Investment Trust | Sarah Bates (ch) | 7 Oct 16 | 8,000 | 295.15 | 23,612 | 97,200 | 0.149 |
| Witan Pacific Investment Trust | Sarah Bates (ch) | 7 Oct 16 | 25,000 | 296 | 74,000 | 89,200 | 0.137 |
| Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| CityFibre Infrastructure | Mark Collins | 10 Oct 16 | 210,000 | 60 | 126,000 | 162,987 | 0.061 |
| CityFibre Infrastructure | Gary Mesch | 10 Oct 16 | 1,080,000 | 60 | 648,000 | 1,166,831 | 0.439 |
| CityFibre Infrastructure | Greg Mesch (ceo) | 10 Oct 16 | 210,000 | 60 | 126,000 | 572,803 | 0.216 |
| Goodwin♥ | B Goodwin | 7 Oct 16 | 5,165 | 2275 | 117,504 | 39,333 | 0.546 |
| Goodwin♥ | J Goodwin (ch) | 7 Oct 16 | 6,121 | 2275 | 139,253 | 29,131 | 0.405 |
| Goodwin♥ | M Goodwin | 7 Oct 16 | 5,165 | 2275 | 117,504 | 70,503 | 0.979 |
| Goodwin♥ | R Goodwin | 7 Oct 16 | 6,114 | 2275 | 139,094 | 1 | 0.000 |
| Goodwin♥ | S Goodwin | 7 Oct 16 | 5,165 | 2275 | 117,504 | 92,142 | 1.280 |
| Goodwin♥ | T Goodwin | 7 Oct 16 | 5,165 | 2275 | 117,504 | 129,330 | 1.796 |
| Hutchison China Meditech | Michael Howell | 7 Oct 16 | 15,000 | 1790 | 268,500 | 138,600 | 0.229 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
