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Victoria chairman sells down

The carpet maker's chairman has netted himself a substantial sum in order to satiate investors' demands for shares
May 5, 2017

It's said demand has been so strong for shares in Aim-traded carpet designer and manufacturer Victoria (VCP) that chairman Geoff Wilding has sold a chunk of his holding to keep up with liquidity needs. The sale was made on behalf of Camden Holdings Limited, which is owned by The Camden Trust, of which Mr Wilding is the settlor and a discretionary beneficiary.

IC TIP: Buy at 495p

Mr Wilding will still be Victoria's largest shareholder, as even after he sells shares worth 4.4 per cent of the company's issued capital he will still have a 29.1 per cent stake, just short of the threshold that can trigger takeover rumours. However, it seems the disposal will be Mr Wilding's last for a while as he made it clear that he has no further plans to sell shares in the foreseeable future.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Accsys Technologies* Michael Christie24 Apr 172,25858.502841,32172,2580.065
Accsys Technologies* Paul Clegg (ceo)24 Apr 1719,11958.5028411,1851,416,5421.277
Accsys Technologies* Patrick Shanley (ch)24 Apr 172,21858.502841,29870,9810.064
Advanced Oncotherapy Enrico Vanni24 Apr 17100,00026.9626,9601,123,9461.516
Advanced Oncotherapy Mike Sinclair (ch)25 Apr 17200,00030.4460,8804,928,2296.646
Benchmark Holdings Alex Hambro (ch)26 Apr 1753,1259047,813100,0000.019
Bovis Homes♥  Greg Fitzgerald (ceo)21 Apr 1715,825920145,590150,1940.112
Bovis Homes  Greg Fitzgerald (ceo)21 Apr 17134,369925.6081,243,730134,3690.100
Bovis Homes  Ralph Findlay21 Apr 172,687925.147924,8592,6870.002
British Empire Trust Calum Thomson20 Apr 175,20066434,5285,2000.004
Connect  Mark Cashmore (ceo)26 Apr 1712,69013016,497820,4440.331
Connect♥  Mark Cashmore (ceo)26 Apr 1712,69013016,497833,1340.336
Crawshaw  Ken McMeikan26 Apr 1775,0002619,500255,0000.323
Crawshaw♥  Ken McMeikan26 Apr 1775,0002619,500330,0000.418
Elementis Sandra Boss25 Apr 1710,000311.018531,10210,0000.002
Essentra Paul Forman (ceo)20 Apr 1720,000526105,20045,0000.017
Everyman Media  Adam Kaye20 Apr 1750,000130.2565,1254,959,8098.291
Everyman Media  Adam Kaye21 Apr 1750,000130.2565,1255,009,8098.365
Everyman Media  Paul Wise (ch)20 Apr 1739,00012950,3103,099,1345.175
Forterra♥ Shatish Dasani (cfo)24 Apr 179,45021019,84592,7830.046
Forterra Stephen Harrison (ceo)24 Apr 175,000212.6510,63322,1110.011
Frontier Developments Charles Cotton25 Apr 1735,000335117,25074,3390.218
Gattaca Brian Wilkinson (ceo)25 Apr 1725,666290.7574,624176,5160.569
Highcroft Investments John Hewitt (ch)20 Apr 172,000927.518,55028,4850.551
M Winkworth Andrew Nicol (cfo)20 Apr 1710,00010410,40014,8000.116
Merchants Trust (The) Paul Yates21 Apr 1710,00047147,10020,0000.018
NWF  Philip Acton20 Apr 1720,000146.31229,26230,0000.062
Octopus Titan VCT* Matt Cooper21 Apr 17207,528103.6214,999958,3400.216
Paragon Entertainment♥ Mark Taylor (ch)25 Apr 17350,0004.2514,87510,876,8615.795
Produce Investments Neil Davidson (ch)24 Apr 1710,000194.519,45045,0000.167
SThree Justin Hughes26 Apr 1750,000326.5851163,293202,6480.157
Scottish Oriental Smaller Co's TrustJeremy Whitley20 Apr 175,00099049,5009,5000.031
Smart Metering Systems♥ David Harris (cfo)20 Apr 1710,000567.8556,78510,0000.011
Smart Metering Systems♥ William MacDiarmid (ch)20 Apr 175,923566.533,5545,9230.007
Smart Metering Systems Graeme Bissett20 Apr 175,300565.529,9725,3000.006
Smart Metering Systems Miriam Greenwood  20 Apr 17576567.473,26915,2260.017
Smart Metering Systems Miriam Greenwood  20 Apr 17946566.825,36216,1720.018
Tavistock Investments Brian Raven (ceo)20 Apr 17900,0002.825,20063,219,37911.769
Unilever Strive Masiyiwa25 Apr 171,1304,030.9845,5501,1300.000
Verona Pharma David Ebsworth (ch)26 Apr 1713,37313217,652117,6570.229
YouGov Benjamin Elliot20 Apr 171,739287.55,00020,5700.020
YouGov Nick Jones20 Apr 171,739287.55,00020,5700.020
YouGov Roger Parry (ch)20 Apr 176,957287.520,00189,6850.085
YouGov Rosemary Leith20 Apr 171,739287.55,0009,4210.009
Yu  John Glasgow25 Apr 1710,00037537,50010,0000.071

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Beazley♥ Martin Bride (fd)20 Apr 173,850436.316,798309,0110.059
Beazley Martin Bride (fd)20 Apr 173,850436.316,798312,8610.060
Churchill China James Roper26 Apr 1715,0001,080162,0001,052,5009.607
EG Solutions Elizabeth Gooch (ceo)25 Apr 17410,00061250,1004,025,43017.747
Frontier Developments David Walsh24 Apr 17200,000326652,000955,8202.802
Jupiter Fund Management Edward Bonham Carter26 Apr 17332,8474711,567,70910,674,0452.332
New Trend Lifestyle  Hillary Phang Song Hua (ceo)24 Apr 1730,000,0000.65195,00031,453,33325.163
Rightmove Scott Forbes (ch)24 Apr 17100,0004,263.574,263,570219,3000.237
Sanne  Dean Godwin (ceo)20 Apr 171,064,3836607,024,9281,064,3830.755
Sanne  Philip Godley20 Apr 17864,4196605,705,165864,4190.613
Sanne  Spencer Daley (cfo)20 Apr 17523,5976603,455,740523,5970.371
Victoria♥ Geoff Wilding (ch)25 Apr 174,000,00046018,400,00026,438,65029.063

*Placing/tender/open offer ♥Spouse/connected party