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: Hargreaves Services CEO completes tender sale

(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

Share this article

Related Sharecast Articles

Director dealings: Chrysalis Investments director purchases shares
(Sharecast News) - Chrysalis Investments revealed on Thursday that non-executive director Samuel Dobyn had acquired 61,027 ordinary shares in the FTSE 250-listed investment trust.
Director dealings: Domino's Pizza non-executive director snaps up shares
(Sharecast News) - Domino's Pizza revealed on Tuesday that non-executive director had Annie Murphy had acquired 10,300 ordinary shares in the London-listed master franshiser.
Director dealings: Melrose Industries Alison Goligher raises stake
(Sharecast News) - Melrose Industries revealed on Friday that senior independent director Alison Goligher had acquired 20,000 ordinary shares in the FTSE 100-listed aerospace manufacturing company.

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.