After almost nine years as chief executive of Alternative Investment Market-traded recruiter Staffline (STAF), Andy Hogarth stepped down last month, making way for former finance director Chris Pullen to take his place. As Mr Hogarth settles into his new life as a non-executive director, he has sold most of his stake in the company, pocketing more than £10m in the process.
The sale reduces his stake to roughly a third of its original size, but Mr Hogarth has pledged not to sell any of his roughly 500,000 remaining shares in the group for at least 12 months. This will give Mr Pullen time to build up his own shareholding. He recently bought an additional 5,043 shares, but his stake amounts to just a little over 0.06 per cent – still well shy of Mr Hogarth’s newly diminished holding of 1.82 per cent. This at a time when the shares are struggling, having steadily de-rated since May last year.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aggregated Micro Power | Neil Eckert (ch) | 30 Jan 18 | 10,000 | 90 | 9,000 | 7,845,700 | 18.165 |
Amati VCT 2* | Michael Killingley | 29 Jan 18 | 2,864 | 174.56 | 4,999 | 52,697 | 0.146 |
Arden Partners | Donald Brown (ceo) | 25 Jan 18 | 50,000 | 45 | 22,500 | 250,000 | 0.807 |
Arden Partners | Donald Brown (ceo) | 26 Jan 18 | 50,000 | 44.75 | 22,375 | 300,000 | 0.968 |
Beeks Financial Cloud | Mark Cubitt (ch) | 25 Jan 18 | 70,707 | 49.5 | 35,000 | 70,707 | 0.144 |
Best of the Best | David Firth | 31 Jan 18 | 5,000 | 260 | 13,000 | 5,000 | 0.049 |
Blue Prism* | Chris Batterham | 30 Jan 18 | 5,238 | 1,260 | 65,999 | 149,238 | 0.227 |
Blue Prism* | Ijoma Maluza (cfo) | 30 Jan 18 | 634 | 1,260 | 7,988 | 634 | 0.001 |
Blue Prism* | Kenneth Lever | 30 Jan 18 | 5,592 | 1,260 | 70,459 | 37,643 | 0.057 |
Blue Prism* | Charmaine Eggberry | 30 Jan 18 | 26,717 | 1,260 | 336,634 | 356,717 | 0.542 |
British Empire Trust | Calum Thomson | 31 Jan 18 | 1,400 | 738.7 | 10,342 | 7,600 | 0.007 |
British Empire Trust | Anja Balfour | 26 Jan 18 | 3,000 | 740.74 | 22,222 | 3,000 | 0.003 |
CC Japan Income & Growth Trust | Harry Wells (ch) | 29 Jan 18 | 10,000 | 164.5 | 16,450 | 40,000 | 0.037 |
CC Japan Income & Growth Trust | Peter Wolton | 29 Jan 18 | 25,000 | 164.5 | 41,125 | 60,000 | 0.055 |
Carclo | Mark Rollins | 25 Jan 18 | 30,000 | 84.23 | 25,269 | 100,000 | 0.136 |
CyanConnode | John Cronin (ch) | 25 Jan 18 | 200,000 | 14.8 | 29,600 | 2,413,467 | 1.886 |
Diageo | Javier Ferrán (ch) | 26 Jan 18 | 30,000 | 2541 | 762,300 | 145,637 | 0.006 |
EU Supply | Fredrik Wallmark (cfo) | 25 Jan 18 | 10,000 | 12.5 | 1,250 | 20,000 | 0.030 |
EU Supply | David Cutler (ch) | 30 Jan 18 | 60,000 | 14.75 | 8,850 | 502,477 | 0.742 |
EU Supply | Thomas Beergrehn (ceo) | 26 Jan 18 | 65,000 | 13.5 | 8,775 | 9,045,903 | 13.359 |
Edinburgh Investment Trust (The) | Glen Suarez (ch) | 26 Jan 18 | 30,000 | 700 | 210,000 | 37,000 | 0.019 |
FFI | Antony Mitchell | 29 Jan 18 | 250,000 | 88 | 220,000 | 250,000 | 0.159 |
HICL Infrastructure Co | Frank Nelson | 26 Jan 18 | 15,000 | 140.1447 | 21,022 | 51,214 | 0.003 |
HICL Infrastructure Co | Ian Russell (ch) | 26 Jan 18 | 25,000 | 139.83 | 34,958 | 94,353 | 0.005 |
HICL Infrastructure Co | Susie Farnon | 29 Jan 18 | 17,200 | 144.138 | 24,792 | 39,931 | 0.002 |
Henderson Opportunities Trust | Peter Jones (ch) | 30 Jan 18 | 750 | 1,099.10 | 8,243 | 14,000 | 0.175 |
Mobile Tornado | Peter Wilkinson | 31 Jan 18 | 2,000,000 | 5 | 100,000 | 38,145,141 | 12.782 |
Montanaro European Smaller Companies Trust | Richard Curling | 31 Jan 18 | 5,000 | 841.1 | 42,055 | 5,000 | 0.030 |
Mortgage Advice Bureau♥ | Nathan Imlach | 31 Jan 18 | 244 | 593 | 1,447 | 26,651 | 0.052 |
Mortgage Advice Bureau♥ | Richard Verdin | 31 Jan 18 | 213 | 593 | 1,263 | 22,424 | 0.044 |
Nexus Infrastructure | Geoffrey French (ch) | 30 Jan 18 | 5,000 | 266 | 13,300 | 5,000 | 0.013 |
PCF | Christine Higgins | 31 Jan 18 | 19,500 | 26.25 | 5,119 | 19,500 | 0.009 |
Phoenix Global Mining | Andre Cohen | 30 Jan 18 | 100,000 | 4.4 | 4,400 | 1,456,669 | 0.634 |
Phoenix Global Mining♥ | Andre Cohen | 30 Jan 18 | 100,000 | 4.4 | 4,400 | 1,556,669 | 0.678 |
Phoenix Global Mining | Marcus Edwards-Jones (ch) | 30 Jan 18 | 107,100 | 4.4 | 4,712 | 2,805,886 | 1.221 |
Porta Communications | John Foley (ch) | 31 Jan 18 | 4,700,000 | 3.5 | 164,500 | 5,665,079 | 1.240 |
Premier Oil | Roy Franklin (ch) | 31 Jan 18 | 60,000 | 83.11 | 49,866 | 60,000 | 0.008 |
Produce Investments | Barry Clapham | 25 Jan 18 | 1,299 | 175 | 2,273 | 5,932,765 | 22.039 |
Renishaw | Kathryn Durrant | 25 Jan 18 | 198 | 5,035 | 9,969 | 198 | 0.000 |
Renishaw | William Lee | 26 Jan 18 | 400 | 4,752 | 19,008 | 1,000 | 0.001 |
Standard Life Private Equity Trust | Christina McComb | 30 Jan 18 | 2,750 | 345 | 9,488 | 7,136 | 0.005 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Blue Prism* | Alastair Bathgate (ceo) | 30 Jan 18 | 595,238 | 1,260 | 7,499,999 | 5,063,224 | 7.689 |
Gear4music | Dean Murray | 31 Jan 18 | 5,000 | 656 | 32,800 | 194,520 | 0.932 |
Liontrust Asset Management♥ | Adrian Collins (ch) | 30 Jan 18 | 200,000 | 590 | 1,180,000 | 6,249 | 0.013 |
LondonMetric Property | Patrick Vaughan (ch) | 25 Jan 18 | 165,255 | 179.7 | 296,963 | 13,096,745 | 1.878 |
LondonMetric Property | Patrick Vaughan (ch) | 26 Jan 18 | 134,745 | 180.1 | 242,676 | 12,962,000 | 1.859 |
Midwich♥ | Stephen Fenby | 26 Jan 18 | 1,000,000 | 620 | 6,200,000 | 21,280,000 | 26.785 |
Personal Assets Trust | Frank Rushbrook | 29 Jan 18 | 110 | 40,800 | 44,880 | 13,615 | 0.640 |
Staffline | Andrew Hogarth | 30 Jan 18 | 1,006,189 | 1,020 | 10,263,128 | 507,440 | 1.822 |
Superdry | Julian Dunkerton | 26 Jan 18 | 1,000,000 | 1,780 | 17,800,000 | 20,696,788 | 25.355 |
* placing/tender/open offer ♥ spouse/connected party |