Director dealings: Intermediate Capital director ups stake
Kathryn Purves, a non-executive director of Intermediate Capital Group acquired 8,500 ordinary shares in the specialist asset manager on Monday.
Financial Services
14,827.91
17:14 28/03/24
FTSE 250
19,884.73
17:14 28/03/24
FTSE 350
4,383.21
17:14 28/03/24
FTSE All-Share
4,338.05
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Intermediate Capital Group
2,054.00p
17:05 28/03/24
Purves, who joined ICP in 2014, purchased the shares at an average cost of 1,011p, for a total value of £85,935.
As a result of the transaction, Purves and her connected persons hold a total of 10,737 shares, 0.004% of ICP's ordinary share capital.
Intermediate Capital Group reported a strong first quarter back in July, with success driven by increases in the firm's assets under management.
The company increased its AUM to €32.9bn over the quarter ended 30 June, up 15% on 31 March, and reported that deployment remains strong across strategies.
Benoit Durteste, chief executive, said: "As anticipated, the new financial year has started strongly with AUM breaking €30bn driven by fundraising for Europe Fund VII which is currently 48% larger than its predecessor fund. The size of the fund demonstrates our ability to scale our proven strategies."
As of 1650 BST, ICP shares had picked up 1.58% to 1,027p.
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