General insurance provider Hastings Group (HSTG) has a new shareholder, and a rather large one at that. South African investment holding company Rand Merchant Investment Holdings and its wholly owned subsidiary Main Street 1353 Proprietary have bought 29.9 per cent of the issued share capital, the most they can own without triggering a takeover bid.
The approval needed from three regulatory bodies was received in early March and, following completion, Rand Merchant will be entitled to nominate a director, while the founder shareholders and Goldman Sachs, which has a 50 per cent stake, have agreed that one director appointed by them will resign.
As one of the founder shareholders, director Richard Brewster has sold 9m shares at 248p a share to help effect the transaction, although he will still retain an interest through 9.1m shares.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
BAE Systems | Charles Woodburn | 24 Feb 17 | 46,569 | 610 | 284,071 | 73,296 | 0.002 |
BCA Marketplace | Timothy Lampert (cfo) | 23 Feb 17 | 7,982 | 177.4649 | 14,165 | 19,232 | 0.002 |
Capital Gearing Trust♥ | Alastair Laing | 28 Feb 17 | 372 | 3852.5 | 14,331 | 11,945 | 0.273 |
Capital Gearing Trust | Robin Archibald | 24 Feb 17 | 920 | 3848.01 | 35,402 | 920 | 0.021 |
Castleton Technology♥ | Ian Smith | 01 Mar 17 | 250,000 | 57.02 | 142,550 | 19,204,336 | 24.397 |
Coats | Rajiv Sharma (ceo) | 28 Feb 17 | 200,000 | 56 | 112,000 | 400,000 | 0.028 |
Condor Gold* | Jim Mellon | 28 Feb 17 | 161,290 | 62 | 100,000 | 1,256,108 | 2.047 |
Debenhams | Sergio Bucher (ceo) | 27 Feb 17 | 187,617 | 53.3 | 100,000 | 187,617 | 0.015 |
Dunelm | John Browett (ceo) | 24 Feb 17 | 665 | 639 | 4,249 | 46,624 | 0.023 |
Dunelm♥ | John Browett (ceo) | 24 Feb 17 | 8,406 | 638.5 | 53,672 | 55,030 | 0.027 |
Go-Ahead♥ | Andrew Allner (ch) | 28 Feb 17 | 500 | 1969 | 9,845 | 1,242 | 0.003 |
Go-Ahead | Patrick Butcher (cfo) | 01 Mar 17 | 2,477 | 2007.36 | 49,722 | 4,363 | 0.010 |
Greencoat UK Wind | Martin McAdam | 24 Feb 17 | 10,000 | 118.965 | 11,897 | 70,270 | 0.010 |
Hays | Peter Williams | 23 Feb 17 | 8,054 | 149.1 | 12,009 | 15,000 | 0.001 |
International Consolidated Airlines | Alberto Esteban | 27 Feb 17 | 9,637 | 525.4231 | 50,635 | 26,537 | 0.001 |
Jardine Lloyd Thompson | Annette Court | 01 Mar 17 | 1,000 | 1032.2 | 10,322 | 1,000 | 0.000 |
Johnson Service | Nicholas Gregg | 28 Feb 17 | 15,000 | 114.4 | 17,160 | 15,000 | 0.004 |
Jupiter Fund Management | Jonathan Bond | 24 Feb 17 | 10,000 | 419.1 | 41,910 | 28,294 | 0.006 |
Jupiter Fund Management | Karl Sternberg | 24 Feb 17 | 3,000 | 415.5 | 12,465 | 3,000 | 0.001 |
Lancashire | Michael Dawson | 28 Feb 17 | 7,200 | 693 | 49,896 | 7,200 | 0.004 |
Learning Technologies | Leslie-Ann Reed | 01 Mar 17 | 1,250,000 | 40 | 500,000 | 2,350,000 | 0.558 |
Meggitt | Antony Wood | 28 Feb 17 | 10,378 | 478.15 | 49,622 | 10,378 | 0.001 |
NEX | Ivan Ritossa | 01 Mar 17 | 167,500 | 597 | 999,975 | 167,500 | 0.044 |
Playtech | Andrew Smith (cfo) | 01 Mar 17 | 2,500 | 892.1 | 22,303 | 2,500 | 0.001 |
Quartix | Jim Warwick | 01 Mar 17 | 12,500 | 399.5 | 49,938 | 52,500 | 0.111 |
Redefine International | Adrian Horsburgh | 24 Feb 17 | 50,000 | 36.4468 | 18,223 | 60,000 | 0.003 |
Redefine International | Donald Grant (cfo) | 24 Feb 17 | 50,000 | 36.315 | 18,158 | 50,000 | 0.003 |
Redefine International | Stephen Oakenfull | 24 Feb 17 | 50,000 | 36.568 | 18,284 | 623,536 | 0.035 |
Royal Bank of Scotland (The) | Ewen Stevenson (cfo) | 27 Feb 17 | 30,000 | 234.2 | 70,260 | 796,499 | 0.007 |
Standard Life UK Smaller Companies Trust | Tim Scholefield | 28 Feb 17 | 3,950 | 403 | 15,919 | 3,950 | 0.006 |
Verona Pharma | Jan-Anders Karlsson (ceo) | 28 Feb 17 | 12,000 | 149 | 17,880 | 81,400 | 0.158 |
Verona Pharma | Jan-Anders Karlsson (ceo) | 01 Mar 17 | 7,750 | 149 | 11,548 | 89,150 | 0.174 |
Wilmington | Pedro Ros (ceo) | 24 Feb 17 | 17,575 | 271.18 | 47,660 | 40,000 | 0.046 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
BGEO | Irakli Burdiladze | 23 Feb 17 | 5,531 | 2910.06 | 160,955 | 99,802 | 0.261 |
BGEO | Irakli Burdiladze | 23 Feb 17 | 7,965 | 2871.24 | 228,694 | 91,766 | 0.240 |
BGEO | Irakli Burdiladze | 27 Feb 17 | 4,000 | 2822.57 | 112,903 | 87,766 | 0.229 |
BGEO | Irakli Burdiladze | 28 Feb 17 | 9,390 | 2845.97 | 267,237 | 78,376 | 0.205 |
BGEO | Irakli Burdiladze | 01 Mar 17 | 13,709 | 2817.847 | 386,299 | 64,667 | 0.169 |
BrainJuicer | John Kearon (ceo) | 27 Feb 17 | 100,000 | 700 | 700,000 | 3,320,209 | 27.172 |
Carr's♥ | Chris Holmes (ch) | 01 Mar 17 | 10,000 | 151.5 | 15,150 | 778,000 | 0.851 |
Carr's | Chris Holmes (ch) | 01 Mar 17 | 10,000 | 151.5 | 15,150 | 788,000 | 0.862 |
Centamin | Josef El-Raghy (ch) | 23 Feb 17 | 4,040,000 | 179 | 7,231,600 | 29,359,372 | 2.548 |
Centamin | Josef El-Raghy (ch) | 24 Feb 17 | 3,509,372 | 176.4 | 6,190,532 | 25,850,000 | 2.244 |
Centamin | Josef El-Raghy (ch) | 27 Feb 17 | 5,000,000 | 173.4 | 8,670,000 | 20,850,000 | 1.810 |
Hastings | Richard Brewster | 01 Mar 17 | 9,000,001 | 248 | 22,320,002 | 9,133,222 | 1.390 |
Hiscox | Robert Childs (ch) | 27 Feb 17 | 1,032 | 1072.151 | 11,065 | 1,510,834 | 0.529 |
Hiscox♥ | Robert Childs (ch) | 27 Feb 17 | 1,224 | 1072.151 | 13,123 | 1,509,610 | 0.528 |
Metro Bank | Craig Donaldson (ceo) | 24 Feb 17 | 65,000 | 3602 | 2,341,300 | 223,342 | 0.278 |
Metro Bank | Mike Brierley (cfo) | 24 Feb 17 | 14,000 | 3582 | 501,480 | 91,165 | 0.113 |
Mid Wynd International Inv Trust♥ | Russell Napier | 28 Feb 17 | 13,000 | 433.5 | 56,355 | 221,325 | 0.715 |
SThree | Justin Hughes | 24 Feb 17 | 89,688 | 318.58 | 285,728 | 351,393 | 0.271 |
* placing/tender/open offer ♥ spouse/connected party |