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Blue Prism chairman enjoys £9m payday

Jason Kingdon invested in the company when it was a minnow; its market capitalisation now exceeds £1bn
July 20, 2018

Since its IPO in 2016, Blue Prism's (PRSM) shares have grown in value by 2,414 per cent – more than that of bitcoin in the same period. But unlike bitcoin, Blue Prism’s shareholders have been able to cash in some of their gains. Chairman Jason Kingdon seized his opportunity when the shares breached a record high of 1,800p, with four sales since the start of July earning him just under £9m.

IC TIP: Hold at 1961p

After selling his anti-money-laundering tech business Searchspace in 2005, Mr Kingdon – an EY Entrepreneur of the year award winner – invested in a young Blue Prism. In 2008, he joined the board as chairman and by the time the company floated in 2016 owned a stake worth £4.9m – or 10 per cent of the company. Mr Kingdon chose not to top up his holding when Blue Prism placed new shares earlier this year but following this sale still retains an 8.6 per cent stake.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Abbey♥Charles Gallagher (ch)11 Jul 1830,0001,415424,50055,5000.259
Abbey♥David Gallagher11 Jul 1830,0001,415424,50033,0000.154
Aberdeen Asian Income Fund Mark Florance06 Jul 185,0001999,9505,0000.003
Aberdeen Japan Investment Trust David Warren09 Jul 183,319599.5819,9003,3190.023
Barratt Developments John Allan (ch)11 Jul 1810,000491.549,15066,7050.007
C&C  Stewart Gilliland05 Jul 1830,0003.30952399,28642,0000.013
CC Japan Income & Growth Trust John Scott 10 Jul 1820,000159.849931,97052,5000.043
CQS New City High Yield Fund Caroline Hitch06 Jul 1838,00061.8923,518130,0000.032
Diageo Javier Ferrán (ch)10 Jul 182992,7688,276148,7940.006
Eland Oil & Gas♥Henry Turcan05 Jul 182,2331232,747647,7850.294
Eland Oil & Gas♥Henry Turcan06 Jul 182,2691232,791650,0540.295
e-Therapeutics Trevor Jones 10 Jul 1874,5267.385,500396,2470.148
FireAngel Safety Technology Neil Smith06 Jul 1810,00074.77,47010,0000.022
Foresight Solar Fund*Christopher Ambler06 Jul 187,9661078,52417,2460.003
Hansard Global Leonard Polonsky 05 Jul 1825,0005914,75050,625,00036.832
Hornby Lyndon Davies (ceo)09 Jul 1854,00637.032520,000596,6700.476
hVIVO James Winschel 11 Jul 187,47753.54,00073,1380.093
LightwaveRF Jason Elliott05 Jul 1890,681119,97590,6810.127
Obtala Miles Pelham (ch)09 Jul 18750,0007.858,50019,264,2865.843
Odyssean Investment Trust Arabella Cecil 10 Jul 184,743104.3624,9504,7430.005
OptiBiotix Health Neil Davidson (ch)11 Jul 18210,00071149,100375,0000.444
Park GroupMichael De Kare-Silver06 Jul 1810,00073.57,35015,0000.008
PCI-PAL Geoffrey Forsyth11 Jul 1831,01831.59,7711,256,0572.952
PCI-PAL James Barham11 Jul 1819,05532.76,23171,2580.167
Playtech Mor Weizer (ceo)05 Jul 1855,000539.24296,58291,0000.029
Playtech Alan Jackson (ch)05 Jul 1810,000540.154,01025,0000.008
Playtech Andrew Smith (cfo)05 Jul 1815,000540.681,09017,5000.006
Purplebricks♥Andreas Wiele06 Jul 183,000,0003079,210,0003,000,0000.994
Sareum♥Stephen Parker (ch)10 Jul 18609,7560.825,0001,745,9770.064
Superdry Penny Hughes 05 Jul 181,2301,21214,9081,2300.002
Superdry John Smith06 Jul 181,5991,24419,8921,5990.002
Superdry Dennis Millard06 Jul 181,5001,24718,7051,5000.002
U and I  Richard Upton06 Jul 1813,81823232,0583,082,5952.458
UIL David Shillson05 Jul 184,5881768,07570,0480.078
UIL Warren McLeland05 Jul 184,5881768,07557,4370.064
UIL Alison Hill05 Jul 184,5881768,07533,5580.037
Urban&Civic Ian Barlow11 Jul 1820,00030460,800112,2720.077
Value and Income Trust♥Matthew Oakeshott05 Jul 1817,50027047,2508,187,50017.975
Value and Income Trust Matthew Oakeshott05 Jul 1817,50027047,2508,205,00018.013
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
B.P. Marsh & Partners♥Brian Marsh (ch)09 Jul 181,166,3102522,939,10115,396,96141.083
Blue Prism  Jason Kingdon (ch)06 Jul 18314,70017505,507,2505,729,8228.587
Blue Prism  Jason Kingdon (ch)06 Jul 18180,00017953,231,0006,049,8229.067
Blue Prism  Jason Kingdon (ch)06 Jul 184,0001,800.1572,0066,044,5229.059
Blue Prism  Jason Kingdon (ch)06 Jul 181,3001,803.2023,4426,048,5229.065
Homeserve Martin Bennett06 Jul 1833,669915.32308,179266,6940.081
Homeserve Martin Bennett06 Jul 1843,298915.99396,605223,3960.068
Intercede♥Richard Parris09 Jul 1859,50034.6520,6175,644,05211.180
Investec Ian Kantor05 Jul 18200,000551.18031,102,361809,0450.119
Mid Wynd International Inv Trust Russell Napier05 Jul 1824,000500120,000135,9250.365
Softcat Martin Hellawell (ch)10 Jul 181,790,00071512,798,50011,240,1555.678
Softcat♥Martin Hellawell (ch)10 Jul 18612,0007154,375,80010,628,1555.369
*Placing/tender/open offer ♥Spouse/connected party