Director dealings: GVC execs lower stakes
Entain
784.20p
16:40 26/04/24
Sports betting and gaming group GVC Holdings saw its top brass significantly reduce their stakes on Friday, just days after the firm reported an "excellent start" to the year.
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On Tuesday, GVC turned in underlying profits at the top end of its full-year guidance and got off to a strong start to 2019 as its extracted benefits from its acquisition of Ladbrokes Coral.
However, chief executive Kenneth Alexander and chairman Lee Feldman both opted to lower their stakes in GVC.
Alexander disposed of 2.06m ordinary shares at an average price of 665.97p each, for a total value of £1.37bn, while Feldmen offloaded 900,000 shares for a total of £599.3m.
As a result of the sales, Alexander and Feldman retained 666,666 and 287,408 shares, respectively, equivalent in value to 480% and 562% of their annual basic salaries.
Alexander said: "We have both held large personal shareholdings in GVC for a long time and continue to do so.
"Both of us remain fully committed to GVC and, whilst I continue to have the support of our shareholders, I'm here for the long term and at the very least I have a current plan that will take three plus years to accomplish."
The FTSE 100-listed outfit's chief executive told investors that he and Feldman both remained convinced of GVC's "exciting prospects", as both vowed to not reduce their holdings below the current levels.
Top Director Buys
Smith (ds) (SMDS)
Director name: Soames,Rupert
Amount purchased: 28,800 @ 348.00p
Value: £100,224.00
Aib Group (AIBG)
Director name: Pym,Richard A
Amount purchased: 20,000 @ 3.32
Value: 66,330.00
Admiral Group (ADM)
Director name: Court ,Annette
Amount purchased: 1,180 @ 2,104.00p
Value: £24,827.20
Helical (HLCL)
Director name: Kaye,Gerald A
Amount purchased: 405 @ 335.00p
Value: £1,356.75
Helical (HLCL)
Director name: Bonning-Snook,Matthew
Amount purchased: 402 @ 335.00p
Value: £1,346.70
Helical (HLCL)
Director name: Murphy,Tim
Amount purchased: 402 @ 335.00p
Value: £1,346.70
National Grid (NG.)
Director name: Pettigrew,John
Amount purchased: 18 @ 857.29p
Value: £154.31
National Grid (NG.)
Director name: Shaw ,Nicola
Amount purchased: 18 @ 857.29p
Value: £154.31
Barr (a.g.) (BAG)
Director name: Lorimer,Stuart
Amount purchased: 19 @ 792.00p
Value: £150.48
Barr (a.g.) (BAG)
Director name: Memmott,Andrew Lewis
Amount purchased: 19 @ 792.00p
Value: £150.48
Barr (a.g.) (BAG)
Director name: White,Roger Alexander
Amount purchased: 19 @ 792.00p
Value: £150.48
Barr (a.g.) (BAG)
Director name: Kemp,Jonathan David
Amount purchased: 19 @ 792.00p
Value: £150.48
National Grid (NG.)
Director name: Agg,Andrew
Amount purchased: 17 @ 857.29p
Value: £145.74
Sse (SSE)
Director name: Alexander,Gregor
Amount purchased: 12 @ 1,207.22p
Value: £144.87
Sse (SSE)
Director name: Phillips-Davies,Alistair
Amount purchased: 11 @ 1,207.22p
Value: £132.79
National Grid (NG.)
Director name: Westcott,Mike
Amount purchased: 15 @ 857.29p
Value: £128.59
National Grid (NG.)
Director name: Kay,Alison
Amount purchased: 15 @ 857.29p
Value: £128.59
Ssp Group (SSPG)
Director name: Swann,Kate
Amount purchased: 19 @ 675.20p
Value: £128.29
Ssp Group (SSPG)
Director name: Davies,Jonathan
Amount purchased: 19 @ 675.20p
Value: £128.29
Ssp Group (SSPG)
Director name: Smith,Simon
Amount purchased: 18 @ 675.20p
Value: £121.54
Sse (SSE)
Director name: Pibworth ,Martin
Amount purchased: 3 @ 1,207.22p
Value: £36.22
Top Director Sells
Gvc Holdings (GVC)
Director name: Alexander,Kenneth Jack
Amount sold: 2,061,475 @ 666.00p
Value: £13,729,423.19
Gvc Holdings (GVC)
Director name: Feldman,Lee
Amount sold: 900,000 @ 666.00p
Value: £5,993,999.86
Town Centre Securities (TOWN)
Director name: Ziff,Michael
Amount sold: 100,000 @ 219.00p
Value: £219,000.01
Jupiter Fund Management (JUP)
Director name: Carter,Edward Bonham
Amount sold: 32,490 @ 363.90p
Value: £118,231.11
Senior (SNR)
Director name: Foyle,Bindi
Amount sold: 3,923 @ 228.80p
Value: £8,975.82
Senior (SNR)
Director name: Bodenham,Andrew
Amount sold: 1,300 @ 228.80p
Value: £2,974.40
Grit Real Estate Income Group Limited Npv (di) (GR1T)
Director name: Corbett,Bronwyn
Amount sold: 978 @ R19.35
Value: R1,319.25