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Director dealings: Flowtech board members invest, Frenkel Topping non-exec linked to buy

(Sharecast News) - Flowtech Fluidpower was on the list of director buys on Thursday, after it disclosed transactions made by three of its board members. The firm said Roger McDowell purchased 300,000 shares on 30 August at 82.6p each, while chief executive officer Mike England picked up 60,470 shares for the same price on the same day.

In the third transaction, Annabel Brooke - a person closely associated with non-executive director Jamie Brooke - bought 115,000 shares for 82.6p as well.

Following the transactions, Flowtech said McDowell had a total holding of 1,050,000 shares, representing 1.71% of the company.

England meanwhile held 60,470 shares, or 0.01% of the firm, while Jamie and Annabel Brooke held 210,000 shares, or 0.34% of the company.

Elsewhere, specialist professional and financial services firm Frenkel Topping disclosed that Harwood Capital, as investment manager to North Atlantic Smaller Companies Investment Trust (NASCIT), had purchased 350,000 shares for 54p each.

As a result, it said non-executive director Christopher Mills, who is also a director of NASCIT, was now interested in 38,350,000 of its shares, representing 29.96% of the firm's issued share capital.

At 1414 BST, shares in Flowtech Fluidpower were up 7.83% at 91.55p, while those in Frenkel Topping Group were 3% firmer at 59.74p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Flowtech Fluidpower (FLO) Director name: McDowell,Roger Amount purchased: 300,000 @ 82.60p Value: �247,799.99

Frenkel Topping Group (FEN) Director name: Mills,Christopher Amount purchased: 350,000 @ 54.00p Value: �189,000.01

Murray International Trust (MYI) Director name: Eckersley,Gregory Amount purchased: 5,000 @ 244.17p Value: �12,208.74

Hostmore (MORE) Director name: McEwan,Julie Amount purchased: 31,348 @ 15.95p Value: �5,000.01

Ajax Resources (AJAX) Director name: Cattaneo,Ippolito Ingo Amount purchased: 25,000 @ 6.36p Value: �1,590.00

Ajax Resources (AJAX) Director name: Cattaneo,Ippolito Ingo Amount purchased: 25,000 @ 6.00p Value: �1,500.00

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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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