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Director dealings: CLS deputy chair linked to purchase, Paragon CEO covers tax bill

(Sharecast News) - CLS Holdings was on the list of director buys on Wednesday, after its deputy chairman was linked to a purchase worth more than £2.5m. The company said Creative Value Investment VI Limited picked up two million shares on 23 August, in a single transaction on the London Stock Exchange.

It paid 125.7p for each share, valuing the transaction at £2,514,000.00.

In its disclosure, CLS said Creative Value Investment VI Limited is closely associated with its non-executive director and deputy chairman, Anna Seeley.

It also described the entity as an investment vehicle of the Sten and Karin Mortstedt Family & Charity Trust.

On the selling side of the ledger was Paragon Banking Group, after its chief executive officer covered his tax bill on the exercise of a number of options.

The firm said Nigel Stewart Terrington exercised 55,302 nil-cost options on 23 August, which were granted under the Paragon Deferred Share Bonus Plan.

He then sold 26,045 shares to cover his tax withholding obligations and dealing costs, at 503.7948p apiece, netting a total of £131,213,36.

As a result, Terrington retained 29,257 shares from the exercise.

At the close on Wednesday, shares in CLS Holdings were up 1.62% at 125.6p, while those in Paragon Banking Group were 1.57% firmer at 506p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Cls Holdings (CLI) Director name: Seeley,Anna L K Amount purchased: 2,000,000 @ 125.70p Value: �2,513,999.94

Aviva (AV.) Director name: Blance,Andrea Amount purchased: 26,500 @ 381.19p Value: �101,015.25

Smith & Nephew (SN.) Director name: Quarta,Roberto Amount purchased: 5,513 @ 1,066.67p Value: �58,805.78

Tialis Essential It (TIA) Director name: Smith,Ian Amount purchased: 100,000 @ 44.25p Value: �44,250.00

Great Portland Estates (GPE) Director name: Mully,Richard Stephen Amount purchased: 10,000 @ 387.00p Value: �38,700.00

Bluefield Solar Income Fund Limited (BSIF) Director name: Scott,John Amount purchased: 9,185 @ 108.87p Value: �9,999.71

Molten Ventures (GROW) Director name: Gentleman,Sarah Amount purchased: 4,444 @ 225.00p Value: �9,999.00

Bluefield Solar Income Fund Limited (BSIF) Director name: Scott,John Amount purchased: 9,125 @ 109.45p Value: �9,987.31

Smith & Nephew (SN.) Director name: Ma,John Amount purchased: 288 @ 2,707.09p Value: �7,796.42

Smith & Nephew (SN.) Director name: White,Bob Amount purchased: 288 @ 2,707.09p Value: �7,796.42

Smith & Nephew (SN.) Director name: Hofsaess,Katarzyna Mazur Amount purchased: 488 @ 1,066.67p Value: �5,205.37

Smith & Nephew (SN.) Director name: Owen,Marc Amount purchased: 190 @ 2,707.09p Value: �5,143.47

Smith & Nephew (SN.) Director name: Medlock,Rick Amount purchased: 353 @ 1,066.67p Value: �3,765.36

Smith & Nephew (SN.) Director name: Risley,Angie Amount purchased: 323 @ 1,066.67p Value: �3,445.36

Smith & Nephew (SN.) Director name: Hallas,Jo Amount purchased: 323 @ 1,066.67p Value: �3,445.36

Smith & Nephew (SN.) Director name: Engstrom,Erik Amount purchased: 323 @ 1,066.67p Value: �3,445.36

Integrafin Holding (IHP) Director name: Gunby,Jonathan Amount purchased: 66 @ 226.80p Value: �149.69

Integrafin Holding (IHP) Director name: Scott,Alexander Amount purchased: 66 @ 226.80p Value: �149.69

Abrdn Smaller Companies Income Trust (ASCI) Director name: Fletcher,David Amount purchased: 1 @ 261.86p Value: �2.62

Top Director Sells

Paragon Banking Group (PAG) Director name: Terrington,Nigel S Amount sold: 26,045 @ 503.79p Value: �131,213.36

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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.