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(Sharecast News) - Hargreaves Services revealed on Wednesday that chief executive Gordon Banham had tendered 199,300 shares into the company's recently completed tender offer, which formed part of a capital‑return programme announced in late March.
Banham, who joined Hargreaves in 2001, sold the sahres at an average price of 850p each, for a total value of £1.69m.
Under the terms of the offer, shareholders were invited to sell a portion of their holdings back to the company at a fixed price, with directors committing to tender shares equal to their basic entitlement.
Following the transaction, Banham now holds 2.6m ordinary Hargreaves shares, giving him an 8.47% stake in the group.
As of 1525 BST, Hargreaves shares were up 1.12% at 813.01p.
Reporting by Iain Gilbert at Sharecast.com
Top Director Buys
Metlen Energy & Metals (MTLN)
Director name: Mytilineos,Evangelos
Amount purchased: 10,000 @ 36.74
Value: 367,449.99
Scottish Oriental Smaller Companies Trust (SST)
Director name: Benda ,David
Amount purchased: 17,893 @ 278.00p
Value: £49,742.54
Tr Property Inv Trust (TRY)
Director name: Kitchen,Graham
Amount purchased: 6,500 @ 313.17p
Value: £20,355.92
River Global A (RVRG)
Director name: Mills,Christopher
Amount purchased: 50,000 @ 36.00p
Value: £18,000.00
Tr Property Inv Trust (TRY)
Director name: Kitchen,Graham
Amount purchased: 4,500 @ 313.23p
Value: £14,095.41
Corero Network Security (CNS)
Director name: Nicholls ,Jeremy
Amount purchased: 43,000 @ 12.30p
Value: £5,289.00
Top Director Sells
Ferro-alloy Resources Limited Npv (FAR)
Director name: Turian,James
Amount sold: 512,765 @ 535.00p
Value: £2,743,292.70
Hargreaves Services (HSP)
Director name: Banham,Gordon Frank Colenso
Amount sold: 199,300 @ 850.00p
Value: £1,694,050.00
Hargreaves Services (HSP)
Director name: McDowell,Roger
Amount sold: 31,500 @ 850.00p
Value: £267,750.00
Hargreaves Services (HSP)
Director name: Craigen,Stephen
Amount sold: 1,712 @ 850.00p
Value: £14,552.00
Hargreaves Services (HSP)
Director name: Mills,Nicholas
Amount sold: 711 @ 850.00p
Value: £6,043.50
Hargreaves Services (HSP)
Director name: Halkes,Nigel
Amount sold: 355 @ 850.00p
Value: £3,017.50
Croda International (CRDA)
Director name: Foots,Steve
Amount sold: 73 @ 2,840.00p
Value: £2,073.20
