Director dealings: Intermediate Capital director ups stake
Intermediate Capital director Michael Nelligan acquired 12,000 ordinary shares in the FTSE 250-listed asset manager on Wednesday.
Nelligan, who joined ICG in 2016, purchased the shares at an average price of 1,024.87p each, for a total value of £122,984.
Back in January, Intermediate Capital posted a 5% rise in assets under management for its third quarter amid steady demand.
In the quarter to 31 December 2018, total assets under management increased to €35.2bn, with third-party fee earning AuM up 7% to €27.9bn.
Inflows in the third quarter were €1.9bn, with €1bn raised across the group’s capital markets funds and €0.5bn raised for Strategic Equity III.
ICG said all funds were on course to meet or exceed their return hurdle rates and that recent capital markets volatility has not impacted valuations, with the fund performance remaining strong.
As of 1640 GMT, ICG shares had slipped 0.48% to 1,027p.
Top Director Buys
Relx plc (REL)
Director name: Mr Erik Engstrom
Amount purchased: 39,055 @ 1,779.33p
Value: £694,917
Intermediate Capital Group (ICP)
Director name: Mr Michael (Rusty) Nelligan
Amount purchased: 12,000 @ 1,024.87p
Value: £122,984
APC Technology Group (APC)
Director name: Mr Anthony Lochery
Amount purchased: 1,311,511 @ 6.24p
Value: £81,838
Serco Group (SRP)
Director name: Sir Roy A Gardner
Amount purchased: 50,000 @ 129.30p
Value: £64,650
Tungsten Corporation (TUNG)
Director name: Mr David Williams
Amount purchased: 147,055 @ 34.00p
Value: £49,999
Audioboom Group (BOOM)
Director name: Mr Roger Maddock
Amount purchased: 1,000,000 @ 1.90p
Value: £19,000
Top Director Sells
Relx plc (REL)
Director name: Mr Erik Engstrom
Amount sold: 85,000 @ 1,762.56p
Value: £1,498,176
Relx plc (REL)
Director name: Mr Erik Engstrom
Amount sold: 38,469 @ 1,770.83p
Value: £681,221
Relx plc (REL)
Director name: Mr Erik Engstrom
Amount sold: 40,000 @ 1,773.71p
Value: £709,484
Relx plc (REL)
Director name: Mr Erik Engstrom
Amount sold: 36,334 @ 1,769.75p
Value: £643,021
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 18,123 @ 1,770.83p
Value: £320,928
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 16,333 @ 1,764.31p
Value: £288,165
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 14,894 @ 1,772.77p
Value: £264,036
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 17,116 @ 1,769.75p
Value: £302,910
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 15,550 @ 1,773.42p
Value: £275,767
Relx plc (REL)
Director name: Mr N L Luff
Amount sold: 14,068 @ 1,768.84p
Value: £248,840