The non-executive chairman of Schroders (SDR) has sold down just under a third of his stake in the asset manager. Including sales made after those detailed in the table below, Michael Dobson has cashed in 112,086 shares since 28 June, netting £3.47m.
Aside from disposals to cover the tax and dealing costs of his various investment plans, this is Mr Dobson’s first formal share sale since autumn 2017, when he banked £9.5m with the stock near an all-time high.
During his three-year stint as head of the board, Schroders’ shares have risen 19 per cent, just shy of the FTSE 100 index. However, Mr Dobson's chairmanship has faced criticism from some shareholders and proxy advisers, as his direct appointment after serving as chief executive officer and 18-year board tenure defy key principles of the UK Corporate Governance code.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
1Spatial | Claire Milverton-Clark (ceo) | 27 Jun 2019 | 49,996 | 30 | 14,999 | 400,141 | 0.405 |
Air Partner | Edmond Warner (ch) | 03 Jul 2019 | 25,000 | 73 | 18,250 | 125,000 | 0.236 |
Alliance Trust | Karl Stephen Sternberg | 01 Jul 2019 | 1,547 | 807.8375 | 12,497 | 18,924 | 0.006 |
CLS Holdings | Andrew Kirkman (cfo) | 03 Jul 2019 | 50,000 | 220.26 | 110,100 | 50,000 | 0.012 |
Cluff Natural Resources* | Andrew Nunn (coo) | 01 Jul 2019 | 571,430 | 1.75 | 10,000 | 806,724 | 0.057 |
Cluff Natural Resources* | Graham Swindells (ceo) | 01 Jul 2019 | 571,430 | 1.75 | 10,000 | 894,836 | 0.064 |
Cluff Natural Resources* | Mark Lappin (ch) | 01 Jul 2019 | 571,430 | 1.75 | 10,000 | 586,391 | 0.042 |
Cluff Natural Resources* | Peter Cowley | 01 Jul 2019 | 571,430 | 1.75 | 10,000 | 1,018,489 | 0.072 |
Compass | Anne-Francoise Nesmes | 27 Jun 2019 | 1,326 | 1874 | 24,849 | 1,326 | 0.000 |
Dolphin Capital | Mark Townsend | 28 Jun 2019 | 1,250,000 | 50.5 | 631,250 | 1,531,904 | 0.169 |
DX (Group) | Paul Goodson | 02 Jul 2019 | 400,000 | 11.78 | 47,120 | 2,100,000 | 0.366 |
DX (Group) | Paul Goodson | 03 Jul 2019 | 100,000 | 11.89 | 11,890 | 2,200,000 | 0.383 |
Eden Research | Lykele van der Broek (ch) | 27 Jun 2019 | 358,500 | 10.94 | 39,220 | 358,500 | 0.173 |
EnQuest♥ | Amjad Bseisu (ceo) | 28 Jun 2019 | 885,067 | 19.7 | 174,358 | 164,175,717 | 9.684 |
Filta | Timothy Worlledge (ch) | 27 Jun 2019 | 10,000 | 186 | 18,600 | 40,000 | 0.138 |
Fusion Antibodies | Sonya Ferguson | 02 Jul 2019 | 30,000 | 69.5 | 20,850 | 60,900 | 0.276 |
Fusion Antibodies | Paul Kerr (ceo) | 02 Jul 2019 | 6,920 | 72.896 | 5,044 | 540,710 | 2.448 |
Kingswood Holding♥ | Kenneth West (ch) | 27 Jun 2019 | 1,352,283 | 7 | 94,660 | 4,536,075 | 2.794 |
Nexus Infrastructure | Alexander Wiseman | 02 Jul 2019 | 7,000 | 135 | 9,450 | 32,000 | 0.084 |
Nexus Infrastructure♥ | Alexander Wiseman | 02 Jul 2019 | 7,000 | 135 | 9,450 | 39,000 | 0.102 |
RPS | John Douglas (ceo) | 28 Jun 2019 | 18,211 | 109 | 19,850 | 408,452 | 0.180 |
Smith & Nephew | Angie Risley | 27 Jun 2019 | 2,380 | 1,673.56 | 39,831 | 4,340 | 0.000 |
Solid State | Nigel Rogers | 02 Jul 2019 | 2,200 | 455 | 10,010 | 2,200 | 0.026 |
Solid State♥ | Nigel Rogers | 02 Jul 2019 | 2,200 | 455 | 10,010 | 4,400 | 0.052 |
SpaceandPeople | George Watt | 03 Jul 2019 | 125,000 | 12.7 | 15,875 | 245,000 | 1.255 |
Sportech | Richard McGuire (ceo) | 02 Jul 2019 | 130,000 | 33.4 | 43,420 | 1,000,000 | 0.535 |
Strategic Minerals* | John Peters | 28 Jun 2019 | 3,035,714 | 1.4 | 42,500 | 53,535,714 | 3.648 |
Strategic Minerals* | Jeffrey Harrison | 28 Jun 2019 | 857,142 | 1.4 | 12,000 | 1,669,642 | 0.114 |
Strategic Minerals* | Peter Wale | 28 Jun 2019 | 4,142,857 | 1.4 | 58,000 | 54,502,324 | 3.714 |
Ten Lifestyle | Bruce Weatherill (ch) | 28 Jun 2019 | 100,000 | 98.31 | 98,310 | 776,523 | 0.963 |
Ten Lifestyle | Gillian Davies | 28 Jun 2019 | 20,000 | 98.5 | 19,700 | 40,000 | 0.050 |
TheWorks.Co.uk | Catherine Glickman | 03 Jul 2019 | 16,187 | 61.775 | 10,000 | 31,812 | 0.051 |
TheWorks.Co.uk | Gavin Peck (cfo) | 03 Jul 2019 | 100,000 | 68.75 | 68,750 | 554,636 | 0.887 |
TheWorks.Co.uk | Kevin Keaney (ceo) | 03 Jul 2019 | 100,000 | 68.75 | 68,750 | 1,194,600 | 1.911 |
TheWorks.Co.uk | Harry Morley | 03 Jul 2019 | 15,500 | 69.125 | 10,714 | 31,125 | 0.050 |
TT Electronics | Anne Thorburn | 02 Jul 2019 | 45,000 | 238 | 107,100 | 45,000 | 0.028 |
Union Jack Oil* | Joseph O'Farrell | 03 Jul 2019 | 29,411,764 | 0.17 | 50,000 | 242,399,473 | 2.002 |
Union Jack Oil* | Raymond Godson | 03 Jul 2019 | 5,882,353 | 0.17 | 10,000 | 48,411,764 | 0.400 |
Urban&Civic | Rosemary Boot | 27 Jun 2019 | 9,100 | 328 | 29,848 | 9,100 | 0.006 |
XPS Pensions | Sarah Ing | 02 Jul 2019 | 15,000 | 98.9 | 14,835 | 15,000 | 0.007 |
XPS Pensions | Margaret Snowdon | 02 Jul 2019 | 30,303 | 99 | 30,000 | 30,303 | 0.015 |
XPS Pensions ♥ | Paul Cuff | 03 Jul 2019 | 27,956 | 106 | 29,633 | 796,406 | 0.391 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
ADM Energy | Stefan Olivier (ceo) | 01 Jul 2019 | 50,000 | 17.2 | 8,600 | 580,000 | 1.250 |
Altitude | Martin Varley | 28 Jun 2019 | 2,000,000 | 100 | 2,000,000 | 10,204,618 | na |
Altitude | Martin Varley | 02 Jul 2019 | 125,000 | 110 | 137,500 | 10,079,618 | 14.840 |
Aston Martin Lagonda♥ | Najeeb Al Humaidhi | 28 Jun 2019 | 3,000,000 | 982.5 | 29,475,000 | 38,860,289 | 17.044 |
Quilter | Paul Feeney (ceo) | 28 Jun 2019 | 78,623 | 140.15 | 110,190 | 913,694 | 0.048 |
Schroders | Michael Dobson (ch) | 28 Jun 2019 | 19,960 | 3,050 | 608,780 | 347,276 | 0.154 |
Schroders | Michael Dobson (ch) | 01 Jul 2019 | 30,040 | 3,091.20 | 928,596 | 317,236 | 0.140 |
Schroders | Michael Dobson (ch) | 01 Jul 2019 | 50,000 | 3,110.30 | 1,555,150 | 267,236 | 0.118 |
*Placing/tender/open offer ♥Spouse/connected party |