In late January, Itai Frieberger stepped down as chief executive of 888 Holdings (888) after more than 14 years at the company, and was replaced by then chief operating officer Itai Pazner. Mr Frieberger’s sale of 2m shares at 152p each, equating to a cash-out of more than £3m, reflects that transition. He still owns more than 3.5m shares or nearly 1 per cent of those in issue, and has committed to not selling any more for at least 60 days. The former 888 boss will stay with the company through the transition period as a board director.
It has been a turbulent year for the online gaming company, with the shares losing nearly half their value over the past 12 months. The UK business has struggled with higher taxes and tighter rules around money laundering and determining the source of funds. It doesn’t appear that the company expects these headwinds to abate anytime soon – at the last set of results management said changing regulation would continue to play "a major role in dictating the future dynamics and size of the global online gambling industry".
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AEW UK REIT | Bimaljit Sandhu | 12 Apr 2019 | 100,000 | 90.73 | 90,730 | 750,000 | 0.495 |
Albion Development VCT | Lyn Goleby | 12 Apr 2019 | 23,014 | 86.9 | 19,999 | 23,014 | 0.028 |
Baillie Gifford US Growth Trust | Tom Burnet (ch) | 16 Apr 2019 | 30,750 | 129.41 | 39,794 | 80,750 | 0.036 |
Baillie Gifford US Growth Trust♥ | Tom Burnet (ch) | 16 Apr 2019 | 30,750 | 129.41 | 39,794 | 111,500 | 0.049 |
Beazley | John Reizenstein | 17 Apr 2019 | 10,000 | 558.619 | 55,862 | 10,000 | 0.002 |
BlackRock Throgmorton Trust | Christopher Samuel (ch) | 12 Apr 2019 | 11,460 | 521.241 | 59,734 | 24,960 | 0.034 |
Crown Place VCT | Pam Garside | 12 Apr 2019 | 42,613 | 35.2 | 15,000 | 42,613 | 0.023 |
DX Group | Russell Black | 15 Apr 2019 | 214,000 | 14 | 29,960 | 2,144,882 | 0.374 |
DX Group | Russell Black | 15 Apr 2019 | 71,000 | 14 | 9,940 | 2,215,882 | 0.386 |
Eddie Stobart Logistics | Stephen Harley | 12 Apr 2019 | 10,000 | 99 | 9,900 | 20,000 | 0.005 |
Eddie Stobart Logistics♥ | Stephen Harley | 12 Apr 2019 | 10,000 | 99 | 9,900 | 30,000 | 0.008 |
Finsbury Food♥ | Stephen Boyd (fd) | 11 Apr 2019 | 30,000 | 67 | 20,100 | 1,095,543 | 0.840 |
Finsbury Food | Peter Baker (ch) | 17 Apr 2019 | 10,817 | 78 | 8,437 | 96,817 | 0.074 |
Franchise Brands | David Poutney | 11 Apr 2019 | 100,000 | 72.5 | 72,500 | 3,410,791 | 4.409 |
Hipgnosis Songs | Andrew Wilkinson | 17 Apr 2019 | 10,000 | 102 | 10,200 | 25,000 | 0.007 |
Hipgnosis Songs | Simon Holden | 17 Apr 2019 | 20,000 | 102 | 20,400 | 35,000 | 0.010 |
Hipgnosis Songs | Paul Burger | 17 Apr 2019 | 7,500 | 102 | 7,650 | 22,500 | 0.007 |
Jersey Electricity | Peter Simon | 11 Apr 2019 | 2,210 | 456 | 10,078 | 2,210 | 0.019 |
Jersey Oil and Gas | Marcus Stanton (ch) | 15 Apr 2019 | 15,000 | 68.4 | 10,260 | 64,192 | 0.294 |
Jersey Oil and Gas | Ronald Lansdell (coo) | 15 Apr 2019 | 25,000 | 68.8 | 17,200 | 950,000 | 4.352 |
Merian Chrysalis Investment Co | Simon Holden | 16 Apr 2019 | 20,000 | 110 | 22,000 | 35,000 | 0.018 |
Merian Chrysalis Investment Co | Stephen Coe | 16 Apr 2019 | 10,909 | 110 | 12,000 | 35,909 | 0.019 |
Merian Chrysalis Investment Co | Tim Cruttenden | 16 Apr 2019 | 9,090 | 110 | 9,999 | 9,090 | 0.005 |
Merian Chrysalis Investment Co | Anne Ewing | 16 Apr 2019 | 7,500 | 110 | 8,250 | 7,500 | 0.004 |
Mitchells & Butlers | Philip Urban (ceo) | 12 Apr 2019 | 15,115 | 263.236 | 39,788 | 115,476 | 0.027 |
NB Private Equity Partners | John Falla | 15 Apr 2019 | 2,000 | 1090 | 21,800 | 6,000 | 0.013 |
NB Private Equity Partners | William Maltby | 17 Apr 2019 | 9,500 | 1090 | 103,550 | 9,500 | 0.021 |
Personal Assets Trust | Iain Ferguson | 17 Apr 2019 | 49 | 40472 | 19,831 | 2,360 | 0.099 |
ReNeuron | Christopher Evans | 11 Apr 2019 | 4,500 | 221.5 | 9,968 | 244,605 | 0.773 |
ReNeuron | John Berriman (ch) | 11 Apr 2019 | 80,000 | 225 | 180,000 | 90,434 | 0.286 |
ReNeuron | Simon Cartmell | 11 Apr 2019 | 7,758 | 225.5516 | 17,498 | 15,633 | 0.049 |
ReNeuron | Michael Owen | 11 Apr 2019 | 4,237 | 236 | 9,999 | 4,237 | 0.013 |
Rose Petroleum | Matthew Idiens (ceo) | 11 Apr 2019 | 2,000,000 | 1.75 | 35,000 | 3,620,257 | 2.524 |
Saga | Gareth Williams | 12 Apr 2019 | 11,384 | 56.6 | 6,443 | 43,817 | 0.004 |
Saga | Eva Eisenschimmel | 11 Apr 2019 | 17,444 | 56.9 | 9,926 | 17,444 | 0.002 |
Saga | Patrick O'Sullivan (ch) | 12 Apr 2019 | 30,000 | 57 | 17,100 | 160,000 | 0.014 |
Saga | Julie Hopes | 15 Apr 2019 | 16,910 | 57.3 | 9,689 | 16,910 | 0.002 |
Shield Therapeutics | James Karis (ch) | 16 Apr 2019 | 4,000 | 81 | 3,240 | 86,667 | 0.074 |
Shield Therapeutics | James Karis (ch) | 15 Apr 2019 | 46,000 | 81.5 | 37,490 | 82,667 | 0.071 |
SkinBioTherapeutics | Catherine Prescott | 15 Apr 2019 | 56,112 | 17.82 | 9,999 | 56,112 | 0.044 |
Smith (DS) | David Robbie | 11 Apr 2019 | 20,000 | 341.8 | 68,360 | 20,000 | 0.001 |
STV | David Bergg | 16 Apr 2019 | 10,390 | 383.06 | 39,800 | 10,390 | 0.027 |
TP ICap | Richard Berliand (ch) | 11 Apr 2019 | 50,000 | 278.62 | 139,310 | 50,000 | 0.009 |
Tungsten | Andrew Doman | 12 Apr 2019 | 60,000 | 35.5 | 21,300 | 101,666 | 0.081 |
Tungsten | Andrew Doman | 12 Apr 2019 | 24,242 | 41.25 | 10,000 | 222,645 | 0.177 |
Tungsten | Andrew Doman | 12 Apr 2019 | 24,242 | 41.25 | 10,000 | 246,887 | 0.196 |
Tungsten | Andrew Doman | 12 Apr 2019 | 96,737 | 41.3492 | 40,000 | 198,403 | 0.157 |
Tungsten | Andrew Doman | 12 Apr 2019 | 4,762 | 41.9955 | 2,000 | 251,649 | 0.200 |
UIL | Christopher Samuel | 17 Apr 2019 | 30,000 | 198.2 | 59,460 | 90,000 | 0.101 |
UIL | Christopher Samuel | 17 Apr 2019 | 10,000 | 198.2 | 19,820 | 100,000 | 0.113 |
Yellow Cake* | Andre Liebenberg | 16 Apr 2019 | 35,533 | 215 | 76,396 | 73,207 | 0.083 |
Yellow Cake* | Alexander Downer | 16 Apr 2019 | 3,553 | 215 | 7,639 | 29,925 | 0.034 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
888 Holdings | Itai Frieberger | 15 Apr 2019 | 2,000,000 | 152 | 3,040,000 | 3,511,297 | 0.964 |
ASOS | Nicholas Robertson | 16 Apr 2019 | 410,000 | 3722.5 | 15,262,250 | 4,636,414 | 5.528 |
Cohort | Simon Walther (fd) | 15 Apr 2019 | 4,287 | 360 | 15,433 | 148,489 | 0.363 |
Cohort♥ | Simon Walther (fd) | 15 Apr 2019 | 5,556 | 360 | 20,002 | 147,207 | 0.359 |
Gamma Communications | Andrew Stone | 16 Apr 2019 | 200,000 | 1095 | 2,190,000 | nil | 0.000 |
Instem♥ | David Gare (ch) | 11 Apr 2019 | 580,000 | 290 | 1,682,000 | 578,427 | 3.560 |
Instem | David Sherwin | 11 Apr 2019 | 200,000 | 290 | 580,000 | 1,180,066 | 7.263 |
* placing/tender/open offer ♥ spouse/connected party |