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Scapa chief sells down

The boss of the adhesive products business has lowered his position
February 21, 2019

Scapa (SCPA) chief executive Heejae Chae has sold down nearly 20 per cent of his holding in the adhesive products business. The company’s shares are trading at a heavy discount to their two-year history since taking a dive on the release of half-year results in November. A contraction in the industrial division’s revenues and a decline in trading profit at the healthcare division put investors on edge. 

IC TIP: Hold at 311p

Mr Chae has disposed of the shares "primarily to satisfy a US tax liability", according to a company statement, and retains 855,215 shares, or 0.55 per cent of issued share capital. Scapa did not respond to a request for comment.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)

Holding (%)

AccrolDaniel Wright (ch)11 Feb 19150,00020.530,7502,370,3081.214
Baronsmead Second Venture Trust*Anthony Townsend (ch)08 Feb 1923,44685.319,999221,3810.096
Baronsmead Second Venture Trust*Ian Orrock08 Feb 1958,61685.349,999110,2910.048
Baronsmead Second Venture Trust*John Davies08 Feb 1923,44685.319,999157,2060.068
Baronsmead Second Venture Trust*Malcolm Groat08 Feb 1935,16985.329,999115,6270.050
Baronsmead Venture Trust*Les Gabb08 Feb 1923,75284.219,99959,6190.029
Baronsmead Venture Trust*Peter Lawrence (ch)08 Feb 1959,38284.250,000985,2940.482
Baronsmead Venture Trust*Peter Lawrence (ch)08 Feb 1959,38284.250,0001,044,6760.511
Baronsmead Venture Trust*Susannah Nicklin08 Feb 195,93884.25,0005,9380.003
Blue Prism *Alastair Bathgate (ceo)12 Feb 1922,7271,100249,9974,675,9516.974
Blue Prism *Ijoma Maluza (cfo)12 Feb 194541,1004,9941,0880.002
Blue Prism *Kenneth Lever12 Feb 195,0941,10056,03442,7370.064
Compass♥John Bason11 Feb 191,1421,747.5019,95614,2580.001
CompassJohn Bason08 Feb 191,1401,75019,95013,1160.001
Coro EnergyJames Parsons (ch)11 Feb 19599,8022.514,9951,183,9520.165
Coro EnergyJames Menzies (ceo)11 Feb 191,137,8172.528,4452,850,3930.397
Coro EnergyJames Parsons (ch)11 Feb 19545,2742.7514,9951,729,2260.241
CranswickTim Smith12 Feb 191,5002,58538,7751,5000.003
eve Sleep*James Sturrock (ceo)12 Feb 19200,0001020,000252,7500.097
eve Sleep*Paul Pindar (ch)12 Feb 199,000,00010900,00015,527,1265.971
eve Sleep*♥Paul Pindar (ch)12 Feb 191,000,00010100,00016,527,1266.355
Fevertree DrinksDomenic De Lorenzo12 Feb 193,5002,73495,6903,5000.003
GB Group*Christopher Clark (ceo)12 Feb 1939,024410159,99839,0240.025
GB Group*David Rasche (ch)12 Feb 1948,780410199,998903,5250.589
GB Group*David Wilson (fd)12 Feb 1937,972410155,685284,3370.185
GB Group*Nicholas Brown (md)12 Feb 1937,971410155,681915,5560.597
GB Group*Charmaine Eggberry12 Feb 199,75641040,00027,9370.018
GB Group*Elizabeth Catchpole12 Feb 1912,19541050,00012,1950.008
Jupiter Emerging & Frontier Income TrustNicholas Moakes12 Feb 191,060100.751,06855,6790.059
Mayan Energy*Charles Wood (ceo)13 Feb 1916,666,6660.1220,00019,290,3670.841
Mayan Energy*Paolo Amoruso (ch)13 Feb 1941,666,6660.1250,00041,666,6661.816
NextAmanda James (fd)08 Feb 191,0134,89549,58619,7850.014
Oxford BioDynamicsStephen Diggle13 Feb 1917,000168.528,64511,608,88312.549
Scientific Digital ImagingKen Ford (ch)13 Feb 19100,00036.436,4001,450,0001.618
Scientific Digital ImagingDavid Tilston13 Feb 1910,000373,70090,0000.100
Walker Crips♥Lim Hua Min12 Feb 19126,0143544,10510,629,83624.966
Zegona Communications*Eamonn O'Hare (ch)11 Feb 19666,666105699,9992,032,1850.916
Zegona Communications*♥Mark Brangstrup Watts11 Feb 199,523,81010510,000,00142,062,03518.952
Zegona Communications*Robert Samuelson11 Feb 19142,857105150,000657,8530.296
Zegona Communications*Murray Scott11 Feb 1934,00010535,70066,1470.030
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
BP Marsh & PartnersCampbell Scoones07 Feb 195,00028214,10043,7980.117
BP Marsh & PartnersCampbell Scoones07 Feb 191,0002862,86048,7980.130
Gordon Dadds*Simon Howard12 Feb 1980,000140112,00063,9320.173
Personal Assets TrustFrank Rushbrook08 Feb 1911439,70045,25815,2190.647
ScapaHeejae Chae (ceo)12 Feb 19200,000333666,000855,2150.553

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