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Director dealings: Imperial Brands non-exec invests $0.5m, Landsec CEO covers tax bill

(Sharecast News) - Imperial Brands was on the list of director buys on Tuesday, after a non-executive director spent more than half a million dollars on shares. The cigarette giant said Therese Marie Esperdy picked up 22,000 of its American depositary receipts (ADRs) on 26 June, in a single over-the-counter transaction.

Each of Imperial's ADRs represents one of its ordinary shares, allowing investors to trade in its equity in US dollars.

The firm said Esperdy paid $22.864506 for each ADR, valuing the transaction at $503,019.13.

On the selling side of the ledger was Land Securities, after its chief executive officer exercised some options and needed to cover their tax bill.

The company said Mark Allan added 60,238 shares to his holding on 26 June, at nil cost, under its 2015 Deferred Share Bonus Plan.

Allan then sold 26,369 shares on the same day, in a single transaction in London, to cover the tax liability that arose as a result of the option exercise.

He sold each share for 560.08p, giving the transaction a total value of £159,889.10.

At 1352 BST, shares in Imperial Brands were down 0.76% at 1,751.5p, while those in Land Securities Group were 0.28% firmer at 565p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Imperial Brands (IMB) Director name: Esperdy,Therese Amount purchased: 22,000 @ $22.86 Value: $414,792.72

London Stock Exchange Group (LSEG) Director name: Brand,Martin Amount purchased: 4,322 @ 8,416.66p Value: �363,768.06

Ncc Group (NCC) Director name: Stone,Christopher M R Amount purchased: 380,000 @ 90.88p Value: �345,347.81

Ncc Group (NCC) Director name: Stone,Christopher M R Amount purchased: 170,000 @ 90.00p Value: �153,000.00

Urban Logistics Reit (SHED) Director name: Moffitt,Richard Amount purchased: 127,650 @ 117.50p Value: �149,988.74

Discoverie Group (DSCV) Director name: Jefferies,Nicholas Amount purchased: 7,179 @ 845.00p Value: �60,662.55

Victrex Plc (VCT) Director name: Sigurdsson,Jakob Amount purchased: 4,000 @ 1,355.00p Value: �54,200.00

Molten Ventures (GROW) Director name: Cook,Grahame Amount purchased: 21,290 @ 234.68p Value: �49,962.73

Ncc Group (NCC) Director name: Chakraverty,Julie Amount purchased: 43,665 @ 91.60p Value: �39,997.14

Bankers Inv Trust (BNKR) Director name: West,Richard Amount purchased: 40,000 @ 95.70p Value: �38,280.00

Discoverie Group (DSCV) Director name: Gibbins ,Simon Amount purchased: 3,915 @ 845.00p Value: �33,081.75

Ncc Group (NCC) Director name: Batterham,Christopher Amount purchased: 25,000 @ 88.60p Value: �22,150.00

Scottish Mortgage Inv Trust (SMT) Director name: Flood,Sharon Amount purchased: 3,117 @ 641.44p Value: �19,993.78

Londonmetric Property (LMP) Director name: Elliott,Alistair Amount purchased: 10,000 @ 158.50p Value: �15,850.00

Brooks Macdonald Group (BRK) Director name: Rawlingson,James Amount purchased: 500 @ 2,022.00p Value: �10,110.00

Bankers Inv Trust (BNKR) Director name: West,Richard Amount purchased: 6,000 @ 95.70p Value: �5,741.96

Top Director Sells

Land Securities Group (LAND) Director name: Allan,Mark Amount sold: 28,369 @ 560.08p Value: �158,889.10

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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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