Companies hire non-executive directors for their experience. In Dawn Fitzpatrick – current chief investment officer of George Soros’s family office, the ex-investment head of UBS Asset Management, and a member of the New York Fed’s investor-led advisory committee on financial markets – Barclays’ (BARC) board could hardly have found a more plugged-in adviser.
In theory, non-execs should also provide independent scrutiny. With this responsibility in mind, investor attention is drawn to Ms Fitzpatrick’s first act since her September appointment, which has been to purchase a not-inconsiderable stake in the lender.
On 28 October, across two trades struck at an average price of 170.5p, the director bought £1.55m-worth of stock, surpassing the holdings of all other board members, bar chief executive Jes Staley and finance director Tushar Morzaria – both of whom are partly remunerated in shares.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Airtel Africa | Douglas Baillie | 28 Oct 19 | 20,000 | 61.15 | 12,230 | 20,000 | 0.001 |
Applied Graphene Materials | Adrian Potts (ceo) | 30 Oct 19 | 52,420 | 19 | 9,960 | 70,529 | 0.143 |
Applied Graphene Materials | David Blain (cfo) | 30 Oct 19 | 15,580 | 19 | 2,960 | 33,380 | 0.068 |
Barclays | Dawn Fitzpatrick | 28 Oct 19 | 435,594 | 170.57 | 742,993 | 909,000 | 0.005 |
Chaarat Gold | Martin Andersson (ch) | 29 Oct 19 | 100,000 | 38.1 | 38,100 | 146,417,436 | 33.173 |
Character | David Harris | 29 Oct 19 | 2,094 | 358 | 7,497 | 68,183 | 0.319 |
CIP Merchant Capital | Carlo Sgarbi | 25 Oct 19 | 200,000 | 56 | 112,000 | 2,330,763 | 3.970 |
Cora Gold | Paul Quirk | 29 Oct 19 | 142,858 | 7 | 10,000 | 11,854,689 | 9.142 |
Coro Energy | James Menzies (ceo) | 29 Oct 19 | 399,999 | 2.5 | 10,000 | 7,407,839 | 0.938 |
Dalata Hotel | Elizabeth McMeikan | 24 Oct 19 | 2,100 | 471.47 | 9,901 | 2,100 | 0.001 |
Devro | Jackie Callaway (cfo) | 25 Oct 19 | 15,000 | 160.8 | 24,120 | 35,000 | 0.021 |
EnQuest | Amjad Bseisu (ceo) | 25 Oct 19 | 145,039 | 17.6 | 25,527 | 176,310,860 | 10.398 |
Flowtech Fluidpower | Bill Wilson | 25 Oct 19 | 10,000 | 113.7 | 11,370 | 50,895 | 0.083 |
Gaming Realms | Michael Buckley (ch) | 25 Oct 19 | 2,000,000 | 5 | 100,000 | 27,000,000 | 9.493 |
GlaxoSmithKline | Vivienne Cox | 30 Oct 19 | 308 | 1725 | 5,313 | 4,939 | 0.000 |
GlaxoSmithKline | Jonathan Symonds (ch) | 30 Oct 19 | 834 | 1725 | 14,387 | 834 | 0.000 |
GlaxoSmithKline | Vindi Banga | 30 Oct 19 | 417 | 1725 | 7,193 | 59,749 | 0.001 |
GlaxoSmithKline | Urs Rohner | 30 Oct 19 | 417 | 1725 | 7,193 | 10,171 | 0.000 |
Grafton♥ | David Arnold (cfo) | 30 Oct 19 | 2,151 | 785.8 | 16,903 | 103,000 | 0.043 |
M&G | Clive Adamson | 29 Oct 19 | 4,600 | 217.7595 | 10,017 | 4,600 | 0.000 |
M&G | Clare Bousfield (cfo) | 24 Oct 19 | 14,000 | 224.3998 | 31,416 | 14,233 | 0.001 |
Minds + Machines | Henry Turcan | 25 Oct 19 | 250,000 | 6 | 15,000 | 115,231,652 | 12.539 |
Newmark Security | Robert Waddington | 24 Oct 19 | 500,000 | 0.89 | 4,450 | 3,300,000 | 0.704 |
Oxford BioMedica | Lorenzo Tallarigo (ch) | 28 Oct 19 | 472 | 566 | 2,672 | 52,006 | 0.068 |
Photo-Me International | Serge Crasnianski (ceo) | 29 Oct 19 | 5,000 | 86 | 4,300 | 84,815,701 | 22.439 |
Power Metal Resources | Andrew Bell (ch) | 30 Oct 19 | 250,000 | 0.499 | 1,123 | 11,270,000 | 3.023 |
Power Metal Resources | Paul Johnson (ceo) | 30 Oct 19 | 250,000 | 0.5 | 1,250 | 18,600,000 | 4.989 |
Reckitt Benckiser♥ | Warren Tucker | 25 Oct 19 | 580 | 5,810 | 33,698 | 3,614 | 0.001 |
RHI Magnesita NV | Stefan Borgas (ceo) | 30 Oct 19 | 2,700 | 3,452 | 93,204 | 13,125 | 0.027 |
Sanne♥ | Rupert Robson (ch) | 25 Oct 19 | 4,609 | 542 | 24,981 | 56,798 | 0.039 |
ScotGems | Angus Tulloch | 29 Oct 19 | 100,000 | 75.5 | 75,500 | 1,110,096 | 2.074 |
Shearwater | Robin Southwell | 25 Oct 19 | 42,500 | 228.33 | 97,040 | 155,000 | 0.701 |
Spirent Communications | Paula Bell (cfo) | 24 Oct 19 | 62 | 201.5 | 125 | 365,378 | 0.060 |
Trident Resources | Adam Davidson | 28 Oct 19 | 65,000 | 16.5 | 10,725 | 65,000 | 0.295 |
UK Mortgages | Helen Green | 28 Oct 19 | 11,250 | 65.66 | 7,387 | 21,250 | 0.008 |
UK Mortgages | Christopher Waldron (ch) | 28 Oct 19 | 20,000 | 66 | 13,200 | 60,000 | 0.022 |
Vast Resources | Andrew Prelea (ceo) | 29 Oct 19 | 4,000,000 | 0.2725 | 10,900 | 43,179,476 | 0.423 |
Velocity Composites | Andrew Beaden (ch) | 30 Oct 19 | 25,000 | 28.8 | 7,200 | 400,000 | 1.114 |
VPC Specialty Lending Investments | Richard Levy | 29 Oct 19 | 65,761 | 75.6 | 49,715 | 4,121,128 | 1.307 |
WH Smith | Simon Emeny | 24 Oct 19 | 2,000 | 2238 | 44,760 | 2,000 | 0.002 |
XLMedia | Ory Weihs | 30 Oct 19 | 50,000 | 52.5 | 26,250 | 6,912,444 | 3.694 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Avast | Ulf Claesson | 29 Oct 19 | 190,000 | 417.03 | 792,357 | 2,135,112 | 0.217 |
Bidstack | Francesco Petruzzelli | 25 Oct 19 | 1,500,000 | 20 | 300,000 | 5,750,000 | 2.364 |
Bidstack | James Draper (ceo) | 25 Oct 19 | 1,500,000 | 20 | 300,000 | 39,760,562 | 16.350 |
Bioventix | Ian Nicholson (ch) | 25 Oct 19 | 2,500 | 3,158.67 | 78,967 | 15,500 | 0.301 |
Cora Gold | Geoffrey McNamara (ch) | 30 Oct 19 | 25,000 | 7 | 1,750 | 1,479,242 | 1.141 |
Tremor International | Yaniv Carmi (cfo) | 25 Oct 19 | 75,000 | 150 | 112,500 | 402,905 | 0.330 |
*Placing/tender/open offer ♥Spouse/connected party |