Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Director dealings: Tesco non-exec spends $45k on ADRs

(Sharecast News) - Tesco shares were in the red on Friday afternoon, even after a non-executive director bought more than $45,000 of the retail giant's American depositary receipts. The company disclosed that Byron Grote purchased 18,000 ADRs on Thursday, for $3.04 each, in an over-the-counter (OTC) transaction in the US.

That valued the investment at a total of $45,122.45.

Tesco said each of its American depositary receipts is equivalent to three of its ordinary shares.

At 1231 BST, shares in Tesco were down 0.89% at 254.21p.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Tesco (TSCO) Director name: Grote,Byron Elmer Amount purchased: 18,000 @ $3.04 Value: $45,122.45

Top Director Sells

Bhp Group Limited Npv (di) (BHP) Director name: Henry,Mike Amount sold: 123,356 @ $41.44 Value: $2,705,697.97

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 133,600 @ $1.55 Value: $122,510.87

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 71,200 @ $1.55 Value: $65,290.22

Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 53,600 @ $1.55 Value: $49,151.07

Share this article

Related Sharecast Articles

Directors dealings: Rolls-Royce non-exec picks up shares near record highs
(Sharecast News) - Rolls-Royce non-executive director Dame Angela Strank picked up some shares in the engineer as its shares hit a fresh record high.
Director dealings: IWG CEO sells big batch of shares
(Sharecast News) - Estorn Limited, an entity closely associated with IWG boss Mark Dixon, sold a hefty amount of shares.
Director dealings: Spectris non-exec picks up some shares
(Sharecast News) - Alison Henwood, a non-executive director at Spectris, picked up some shares in the electronics and test equipment manufacturer.
Director dealings: Reach CFO makes share sale
(Sharecast News) - Publishing company Reach revealed on Friday that chief financial officer Darren Fisher had disposed of 31,638 ordinary shares in the London-listed firm.

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.