After describing Aveva’s (AVV) impending merger with its French industrial software peer Schneider Electric as “transformational”, chairman Philip Aiken has put his money where his mouth is. He and three fellow directors (including current chief executive James Kidd) spent a total of £240,000 on 9,800 shares in the company on the same day that 99 per cent of its investors voted in favour of the deal.
Schneider and Aveva – which are likely to combine their operations by the end of 2017 – have been in and out of merger talks for nearly three years. The agreed terms will see the group retain its London listing and Cambridge headquarters, although Schneider will be the majority shareholder. Mr Aiken will keep his job as chairman, while Mr Kidd drops back to chief financial officer to make room for a “neutral” boss. For their work in securing this deal, the group’s directors will be entitled to cash bonuses on completion.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AA | Martin Clarke (cfo) | 28 Sep 17 | 100,000 | 166.4 | 166,400 | 1,090,202 | 0.179 |
AVEVA | Jennifer Allerton | 29 Sep 17 | 6,000 | 2,448 | 146,880 | 12,000 | 0.019 |
AVEVA | Christopher Humphrey | 29 Sep 17 | 1,000 | 2,446 | 24,460 | 4,000 | 0.006 |
AVEVA | James Kidd (ceo) | 29 Sep 17 | 2,000 | 2,441 | 48,820 | 20,367 | 0.032 |
AVEVA | Philip Aiken (ch) | 29 Sep 17 | 800 | 2,446 | 19,568 | 2,337 | 0.004 |
Admiral | Annette Court (ch) | 29 Sep 17 | 1,325 | 1811 | 23,996 | 3,475 | 0.001 |
Alba Mineral Resources* | George Frangeskides (ch) | 03 Oct 17 | 7,500,000 | 0.4 | 30,000 | 13,500,000 | 0.621 |
Alba Mineral Resources* | Michael Nott | 03 Oct 17 | 7,500,000 | 0.4 | 30,000 | 29,660,606 | 1.364 |
Avingtrans | Les Thomas | 03 Oct 17 | 16,000 | 214 | 34,240 | 16,000 | 0.052 |
Big Yellow | Richard Cotton | 03 Oct 17 | 5,000 | 772.7 | 38,635 | 88,485 | 0.056 |
Boohoo.com | Pierre Cuilleret | 28 Sep 17 | 100,000 | 204.83 | 204,830 | 100,000 | 0.009 |
Ergomed* | P L George (ch) | 02 Oct 17 | 45,000 | 165 | 74,250 | 276,250 | 0.647 |
FFI♥ | Simon Ingram | 04 Oct 17 | 350,000 | 156 | 546,000 | 350,000 | 0.223 |
Hiscox | Anne Macdonald | 29 Sep 17 | 1,764 | 1,280.41 | 22,586 | 20,611 | 0.007 |
Hiscox | Colin Keogh | 29 Sep 17 | 1,057 | 1,280.41 | 13,534 | 16,151 | 0.006 |
ITV | Sir Peter Bazalgette (ch) | 29 Sep 17 | 12,587 | 172.4 | 21,700 | 234,674 | 0.006 |
Inland Homes | Stephen Wicks (ceo) | 28 Sep 17 | 100,000 | 58.5 | 58,500 | 13,837,332 | 6.795 |
Joules | Jill Little | 29 Sep 17 | 10,000 | 267.5 | 26,750 | 25,625 | 0.029 |
Kingfisher | Andy Cosslett (ch) | 03 Oct 17 | 99,802 | 301 | 300,404 | 99,802 | 0.005 |
Pantheon International♥ | David Melvin | 28 Sep 17 | 5,000 | 1,848 | 92,400 | 8,000 | 0.024 |
Pantheon International | Laurie Magnus (ch) | 28 Sep 17 | 3,000 | 1827 | 54,810 | 8,000 | 0.024 |
Prudential | Anthony Nightingale | 29 Sep 17 | 20,000 | 1,788 | 357,600 | 50,000 | 0.002 |
Symphony International | Anil Thadani | 03 Oct 17 | 500,000 | 88 | 440,000 | 64,980,742 | 12.694 |
Tatton Asset Management | Lothar Mentel | 28 Sep 17 | 100,000 | 181 | 181,000 | 827,584 | 1.480 |
Tatton Asset Management | Lothar Mentel | 29 Sep 17 | 16,404 | 180 | 29,527 | 843,988 | 1.510 |
Tatton Asset Management | Lothar Mentel | 29 Sep 17 | 20,000 | 182 | 36,400 | 863,988 | 1.545 |
Vitec | Kath Kearney-Croft (fd) | 04 Oct 17 | 2,700 | 1,103 | 29,781 | 2,700 | 0.006 |
Wilmington | Anthony Foye (cfo) | 28 Sep 17 | 12,500 | 225.6 | 28,200 | 829,690 | 0.950 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Ashley House♥ | John Moy | 02 Oct 17 | 1,000,000 | 6 | 60,000 | 5,900,000 | 9.890 |
Berkeley | R Stearn (fd) | 02 Oct 17 | 10,030 | 3,754.10 | 376,537 | 129,170 | 0.096 |
Berkeley♥ | S Ellis | 02 Oct 17 | 26,703 | 3,754.10 | 1,002,458 | 263,448 | 0.195 |
Clinigen | John Bacon | 02 Oct 17 | 250,000 | 1,092.96 | 2,732,400 | 280,767 | 0.243 |
Dignity | Andrew Davies | 29 Sep 17 | 65,000 | 2,241.41 | 1,456,914 | 41,754 | 0.084 |
EKF Diagnostics♥ | Christopher Mills (ch) | 03 Oct 17 | 1,000,000 | 24 | 240,000 | 137,000,000 | 29.509 |
Gateley | Michael Ward (ceo) | 29 Sep 17 | 328,900 | 150 | 493,350 | 2,631,204 | 2.462 |
Gateley | Peter Davies | 29 Sep 17 | 328,900 | 150 | 493,350 | 2,660,104 | 2.489 |
IG Design | Lance Burn | 29 Sep 17 | 67,500 | 345.5 | 233,213 | 0 | 0.000 |
London & Associated Properties | Michael Heller (ch) | 04 Oct 17 | 300,000 | 21.5 | 64,500 | 1,567,393 | 1.837 |
LondonMetric Property | Michael McGann (fd) | 28 Sep 17 | 215,576 | 163.6 | 352,682 | 2,341,585 | 0.336 |
McColl's Retail | James Lancaster | 03 Oct 17 | 11,399,500 | 295 | 33,628,525 | 0 | 0.000 |
Next Fifteen Communications | Peter Harris (cfo) | 02 Oct 17 | 50,000 | 400 | 200,000 | 142,372 | 0.188 |
Next Fifteen Communications | Richard Eyre (ch) | 02 Oct 17 | 47,993 | 400 | 191,972 | 150,000 | 0.198 |
Next Fifteen Communications | Tim Dyson (ce) | 02 Oct 17 | 125,000 | 400 | 500,000 | 5,077,997 | 6.717 |
Ocado♥ | Duncan Tatton-Brown (cfo) | 28 Sep 17 | 7,078 | 282.6 | 20,002 | 638,886 | 0.101 |
St Modwen Properties | Simon Clarke | 28 Sep 17 | 500,000 | 370.5 | 1,852,500 | 2,704,157 | 1.217 |
Taylor Wimpey | James Jordan | 29 Sep 17 | 775,679 | 193.379 | 1,500,000 | 666,247 | 0.020 |
Taylor Wimpey | Peter Redfern (ce) | 29 Sep 17 | 775,679 | 193.379 | 1,500,000 | 1,677,274 | 0.051 |
Taylor Wimpey | Ryan Mangold (fd) | 29 Sep 17 | 100,000 | 192.94 | 192,940 | 965,334 | 0.030 |
Ten Entertainment♥ | Christopher Mills | 02 Oct 17 | 16,718,803 | 180 | 30,093,845 | 8,695,969 | 13.378 |
Ten Entertainment | Graham Blackwell | 02 Oct 17 | 55,555 | 180 | 99,999 | 523,193 | 0.805 |
Ten Entertainment | Nick Basing (ch) | 02 Oct 17 | 225,642 | 180 | 406,156 | 1,800,000 | 2.769 |
Vitec | Stephen Bird (ceo) | 04 Oct 17 | 75,000 | 1,103 | 827,250 | 201,031 | 0.449 |
*Placing/tender/open offer ♥Spouse/connected party |