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LSE chief sells nearly £8m ahead of exit

Chief executive Xavier Rolet will step down from his role by the end of next year
November 2, 2017

London Stock Exchange’s (LSE) merger with Deutsche Börse (De:DB1) may have fallen through, but it’s still all change at the top. Chief executive Xavier Rolet will have spent a decade at the indices and information services provider by the time be leaves in December next year, and to that end has already started selling down part of his stake, disposing of shares worth £7.7m.

IC TIP: Hold at 2738p

Under his tenure, the LSE’s market capitalisation has grown from £800m to almost £14bn, with the information and post-trade services businesses becoming an increasingly important part of the growth strategy. Revenue at global clearing business LCH was up 17 per cent year on year during the first half, while its primary capital markets division continued to grow at a slower rate, with sales increasing just 5 per cent during the same period.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AEW UK REIT Bim Sandhu24 Oct 1775,000100.575,375650,0000.429
Aberdeen Asian Income Fund Ian Cadby24 Oct 177,000219.7515,3837,0000.004
Aberdeen Asian Income Fund Peter Arthur (ch)23 Oct 174572191,00156,9620.031
Amerisur Resources Alex Snow23 Oct 17500,0001995,000500,0000.041
Augean Jim Meredith (ch)23 Oct 17100,0002828,000600,0000.583
Augean Jim Meredith (ch)24 Oct 17100,0003030,000700,0000.681
Augean Jim Meredith (ch)25 Oct 17800,00031248,0001,500,0001.459
B.P. Marsh & Partners♥Brian Marsh (ch)23 Oct 1720,00025751,40018,024,40161.745
B.P. Marsh & Partners Stephen Clarke23 Oct 175,00025712,8505,0000.017
Bluejay Mining Peter Waugh19 Oct 1740,38518.427,43940,3850.005
CPP Mark Hamlin23 Oct 17500,0001365,000500,0000.058
Franchise Brands David Poutney23 Oct 1791,00058.553,2352,209,9702.843
Franchise Brands♥Nigel Wray23 Oct 1792,00058.553,82021,720,12027.942
Franchise Brands Stephen Hemsley (ch)23 Oct 1746,00058.526,91020,594,11726.494
Franchise Brands♥Stephen Hemsley (ch)23 Oct 1746,00058.526,91020,640,11726.553
Homeserve Katrina Cliffe20 Oct 176,034823.7549,70512,0760.004
Homeserve Katrina Cliffe20 Oct 176,042822.549,6956,0420.002
Homeserve*Edward Fitzmaurice19 Oct 17781,0008206,404,200786,2650.240
Keras Resources* Brian Moritz (ch)24 Oct 1716,793,8450.37562,97742,627,1781.885
Keras Resources* Dave Reeves24 Oct 1721,333,3330.37580,000353,925,05115.648
London Stock Exchange  David Nish20 Oct 17515387919,9771,0650.000
Low & Bonar♥Mike Powell19 Oct 1714,00070.8969,92539,0000.012
Merlin Entertainments♥ Anne-Francoise Nesmes (cfo)19 Oct 175,500368.620,27310,0000.001
Merlin Entertainments Ken Hydon23 Oct 1730,000375.7112,71061,9200.006
Monks Investment Trust (The) Belinda Richards24 Oct 172,67474419,8952,6740.001
Norish Timothy O'Neill (ch)25 Oct 1750,00046.523,2503,000,00010.013
PCF  Mark Brown25 Oct 1755,0002815,400135,0000.064
Parity  Alan Rommel (ceo)20 Oct 17200,0008.517,000410,6320.402
Pendragon Chris Chambers (ch)24 Oct 17510,00022.99117,2492,000,0000.140
Pendragon Trevor Finn (ceo)24 Oct 172,000,00022.25445,00016,716,6231.172
Primorus Investments Donald Strang24 Oct 174,410,0000.2189,6144,410,0000.192
Primorus Investments Donald Strang25 Oct 171,163,2350.222,5595,573,2350.243
Proteome Sciences♥Martin Diggle19 Oct 17193,1003.156,08354,893,33518.596
Proteome Sciences♥Martin Diggle20 Oct 17119,6363.153,76955,012,97118.637
Proteome Sciences♥Martin Diggle24 Oct 1775,0003.112,33355,087,97118.662
Proteome Sciences♥Martin Diggle25 Oct 17109,4603.253,55755,197,43118.699
Standard Life Investments Property Income Trust LtJames Clifton-Brown24 Oct 1721,50091.6919,71321,5000.005
Stilo International David Ashman (ch)25 Oct 17400,0004.7519,00013,712,00012.035
TOC Property Backed Lending Trust*Douglas Noble19 Oct 173,0001003,0008,6000.038
TOC Property Backed Lending Trust*Stephen Coe (ch)19 Oct 1715,00010015,00045,0000.198
Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Bioventix♥ Ian Nicholson (ch)19 Oct 172,5002,400.7560,01918,0000.350
Bioventix Ian Nicholson (ch)19 Oct 172,5002,400.7560,01920,5000.399
Bioventix Peter Harrison (ceo)19 Oct 1780,0002,4251,940,000428,1768.332
Churchill China James Roper19 Oct 1710,0001,100110,0001,034,8359.446
Gocompare.com  Peter Wood (ch)19 Oct 1721,334,67310021,334,673107,274,98225.644
London Stock Exchange  Xavier Rolet (ceo)20 Oct 1717,2323870666,878530,3560.153
London Stock Exchange  Xavier Rolet (ceo)20 Oct 17100,0003,860.703,860,705430,3560.124
London Stock Exchange  Xavier Rolet (ceo)25 Oct 17100,0003,799.893,799,890330,3560.095
Produce Investments Neil Davidson (ch)20 Oct 17130,400192250,36800.000
Robert Walters Giles Daubeney20 Oct 17100,000590590,0001,633,0692.191
Sirius Real Estate Andrew Coombs (ceo)19 Oct 17218,26161.523134,2814,383,0640.473
WH Smith♥Robert Moorhead (fd)24 Oct 1725,0002,034.74508,684227,6760.206
* placing/tender/open offer ♥ spouse/connected party