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Director dealings: Redcentric chair spends almost £50k on shares

(Sharecast News) - Managed IT service provider Redcentric disclosed a director buy worth almost £50k on Thursday, after its chairman bought a tranche of its shares. The AIM-traded firm said non-executive chair Nick Bate purchased 40,000 shares in the company on Tuesday for 123.75p each, spending a total of £49,500.

Following the transaction it said Bate's total interest in the company was 40,000 shares, representing 0.026% of its total voting rights.

The purchase was made on the same day Redcentric announced the conditional acquisition of the business and assets of three Sungard data centres, as well as colocation and network services from the in-administration Sungard UK, for a maximum initial consideration of £22m.

Elsewhere, Bodycote reported a purchase worth just under £20k made by a person connected to one of its non-executive directors.

The FTSE 250 company said Nicola Boyd bought 3,000 shares on Wednesday for 654p apiece, valuing the transaction at £19,620.

It said Boyd is associated with one of its non-executive board members, Kevin Boyd, with the transaction taking place on the London Stock Exchange.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 144,594 @ $0.52 Value: $75,188.88

Redcentric (RCN) Director name: Bate,Nick Amount purchased: 40,000 @ 123.75p Value: £49,500.00

Bodycote (BOY) Director name: Boyd,Kevin Amount purchased: 3,000 @ 654.00p Value: £19,620.00

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 26,108 @ $0.50 Value: $13,030.50

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 68,310 @ 2.84p Value: £1,940.00

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 71,851 @ 2.68p Value: £1,925.61

Rolls-royce Holdings (RR.) Director name: Mars,Wendy Amount purchased: 1,978 @ 92.04p Value: £1,820.55

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 55,991 @ 2.68p Value: £1,500.00

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 54,744 @ 2.74p Value: £1,499.99

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 54,744 @ 2.74p Value: £1,499.99

Okyo Pharma Limited Npv (OKYO) Director name: Simon ,Willy Jules Amount purchased: 55,555 @ 2.70p Value: £1,499.99

Rolls-royce Holdings (RR.) Director name: Yang,Lee Hsien Amount purchased: 1,065 @ 92.04p Value: £980.23

Judges Scientific (JDG) Director name: Lavelle,Mark Amount purchased: 4 @ 8,325.00p Value: £333.00

Judges Scientific (JDG) Director name: Cicurel,David Amount purchased: 4 @ 8,325.00p Value: £333.00

Judges Scientific (JDG) Director name: Ormsby,Bradley Leonard Amount purchased: 2 @ 8,325.00p Value: £166.50

Rathbone Group (RAT) Director name: Stockton,Paul Amount purchased: 8 @ 2,060.00p Value: £164.80

National Grid (NG.) Director name: Pettigrew,John Amount purchased: 14 @ 1,117.00p Value: £156.38

Cls Holdings (CLI) Director name: Widlund,Fredrik Amount purchased: 67 @ 224.50p Value: £150.41

Cls Holdings (CLI) Director name: Kirkman ,Andrew Amount purchased: 66 @ 224.50p Value: £148.17

National Grid (NG.) Director name: Agg,Andrew Amount purchased: 13 @ 1,117.00p Value: £145.21

Rathbone Group (RAT) Director name: Mathias,Jennifer Amount purchased: 7 @ 2,060.00p Value: £144.20

Top Director Sells

Investec (INVP) Director name: Samujh,Nishlan Amount sold: 25,000 @ R93.00 Value: R103,739.54

Investec (INVP) Director name: Whelan,Ciaran Amount sold: 20,137 @ 477.00p Value: £96,053.49

Investec (INVP) Director name: Samujh,Nishlan Amount sold: 19,091 @ R93.00 Value: R79,219.66

Investec (INVP) Director name: Koseff,Stephen Amount sold: 15,403 @ 477.00p Value: £73,472.31

Investec (INVP) Director name: Whelan,Ciaran Amount sold: 3,900 @ 477.00p Value: £18,603.00

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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