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Stobart executive director sells to fund new venture

Andrew Tinkler has sold £364m-worth of shares to help fund the new Stobart Capital "value creation" unit
September 28, 2017

In June, Andrew Tinkler stepped down from his role as chief executive Stobart Group (STOB) to set up a new entity called Stobart Capital. The “value creation unit” looks for investment opportunities, which should free up members of the energy, aviation, rail and infrastructure teams to focus on their existing business rather than searching for new opportunities. Although they share a name, Stobart Group and Stobart Capital operate independently from one another. Stobart Group has the option to invest in projects identified by the latter, as do other outside investors.

IC TIP: Hold at 268p

Mr Tinkler, who splits his time between his role as an executive director at Stobart Group and as chairman of Stobart Capital, has sold 1.25m ordinary shares in Stobart Group at 291.05p each. The £3.6m raised from the transaction will be channelled into Stobart Capital, according to a representative for the company. The money hasn't been earmarked for a specific deal, but there are a number in the pipeline. Even after the disposal, Mr Tinkler still holds more than 27m shares in Stobart Group, or 7.73 per cent of issued share capital.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Anpario Peter Lawrence (ch)19 Sep 173,334368.612,28936,6840.160
Anpario Peter Lawrence (ch)20 Sep 1726,666380101,33163,3500.276
Diversified Gas & Oil Martin Thomas14 Sep 1733,50074.6825,0182,033,5001.402
Diversified Gas & Oil David Johnson14 Sep 1733,50074.6825,018133,5000.092
Empiric Student Property Paul Hadaway (ceo)14 Sep 1746,000107.18549,3051,532,7750.254
FBD  Liam Herlihy (ch)18 Sep 175,000823.867141,1938,0000.023
FlowgroupTony Stiff (ceo)19 Sep 17861,3790.877,49410,432,5150.733
FlowgroupTony Stiff (ceo)19 Sep 171,115,2770.89619,9946,731,0230.473
FlowgroupTony Stiff (ceo)19 Sep 171,150,0570.8699,99411,582,5720.814
FlowgroupTony Stiff (ceo)19 Sep 171,150,1890.86899,99412,732,7610.894
FlowgroupTony Stiff (ceo)19 Sep 171,175,7640.859,99416,848,8771.184
FlowgroupTony Stiff (ceo)19 Sep 172,840,1130.8824,9939,571,1360.672
FlowgroupTony Stiff (ceo)19 Sep 172,940,3520.8524,99315,673,1131.101
Forbidden Technologies Ian McDonough (ceo)14 Sep 17762,8625.2439,974762,8620.423
Franchise Brands Chris Dent (cfo)14 Sep 1715,00064.59,67515,0000.019
Franchise Brands David Poutney14 Sep 1785,0006252,7002,118,9702.726
Franchise Brands Nigel Wray14 Sep 1785,0006252,70021,628,12027.824
Franchise Brands Stephen Hemsley (ch)14 Sep 1785,0006252,70020,548,11726.435
Galileo Resources♥*Colin Bird (ch & ceo)14 Sep 172,500,000250,00051,935,00020.399
Greencore♥Eoin Tonge (cfo)15 Sep 1725,00018746,750421,8180.060
Hunters Property Ed Jones (cfo)15 Sep 1713,091496,4153,736,12911.757
Hunters Property Kevin Hollinrake (ch)15 Sep 178,227494,0314,223,18513.290
Hunters Property Glynis Frew (ceo)15 Sep 1713,091496,4151,757,1225.530
Ingenta♥Max Royde14 Sep 1712,00015218,2404,494,25426.562
Ingenta♥Max Royde18 Sep 1720,00015230,4004,514,25426.681
Intermediate Capital  Peter Gibbs15 Sep 1730,000841.53252,45930,0000.010
Interserve♥Debbie White (ceo)15 Sep 1765,40876.052149,74465,4080.045
Interserve Glyn Barker (ch)18 Sep 1762,50089.71456,07188,3000.061
Interserve Gareth Edwards18 Sep 1721,3509820,92321,3500.015
Joules  Marc Dench (cfo)14 Sep 176,36327517,49888,8630.102
Land Securities  Alison Carnwath (ch)18 Sep 1710,050978.0298,291163,7420.021
Majestic Wine♥Jennifer Crawford (cfo)14 Sep 173,50031410,99045,7970.064
National Express  Dean Finch (ceo)18 Sep 1714,200347.3949,329151,7980.030
Oakley Capital Investments Caroline Foulger14 Sep 1761,000164100,040122,0000.060
Ovoca Gold Kirill Golovanov18 Sep 173,250,0008.5276,25019,506,20323.915
Personal Assets Trust♥Jean Sharp19 Sep 174404361,6179720.046
Personal Assets Trust Robin Angus19 Sep 174404361,6174,5790.219
Personal Assets Trust♥Robin Angus19 Sep 174404361,6174,5830.219
Polymetal International Vitaly Nesis (ceo)19 Sep 177038115,7013,164,1280.736
Polymetal International Vitaly Nesis (ceo)19 Sep 171,98281216,0943,200,7090.744
Polymetal International Vitaly Nesis (ceo)19 Sep 173,929811.531,8843,198,7270.744
Polymetal International Vitaly Nesis (ceo)19 Sep 1710,670811.586,5873,174,7980.738
Polymetal International Vitaly Nesis (ceo)19 Sep 1712,716809.5102,9363,163,4250.735
Polymetal International Vitaly Nesis (ceo)19 Sep 1720,000812.5162,5003,194,7980.743
Polymetal International  Marina Grönberg19 Sep 171,40081711,43817,4000.004
Polymetal International♥ Marina Grönberg19 Sep 176,000812.348,73823,4000.005
Regional ReitWilliam Eason19 Sep 17100,000100.75100,750200,0000.067
Rolls-Royce  Beverly Goulet15 Sep 174,250885.3437,6274,2500.000
Tatton Asset Management Lothar Mentel19 Sep 1750,00018090,000513,4190.918
Tatton Asset Management Lothar Mentel19 Sep 1765,615178116,795579,0341.036
Tatton Asset Management Lothar Mentel20 Sep 1710,000179.7217,972589,0341.054
Tatton Asset Management Lothar Mentel20 Sep 1710,000179.762517,976599,0341.071
Tatton Asset Management Lothar Mentel20 Sep 1713,00018023,400612,0341.095
Ten Entertainment  Robert McWilliam14 Sep 1710,000174.672517,46710,0000.015
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Cropper (James)♥ Dave Watson14 Sep 171,100190020,9002570.003
Gamma Communications Andrew Stone18 Sep 1732,000580185,600648,5000.695
Gamma Communications Andrew Stone19 Sep 1718,000580.75104,535630,5000.676
Metro Bank Stuart Bernau19 Sep 174,0003424136,96053,6540.061
Stobart Andrew Tinkler19 Sep 171,250,000291.053,638,12527,226,8117.734
*Placing/tender/open offer ♥Spouse/connected party