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Director dealings: Investec CEO cashes in £1.14m after recent share growth

(Sharecast News) - Investec's chief executive enjoyed a £1.14m payday, it emerged on Wednesday, after selling almost a quarter-million shares on the open market. The Anglo-South African wealth manager and financial services provider said Fani Titi sold 248,915 shares on the London Stock Exchange on Monday.

Titi sold each share for 456p, netting him a total of £1,135,052.39.

Investec shares have progressively risen since it announced an executive reshuffle on 27 July, with Barbara-Ann King set to replace Ciaran Welan as the CEO of Investec Wealth and Investment UK.

Lesley-Anne Gatter, meanwhile, was set to replace Marc Kahn as global head of people and organisation.

Investec's shares have risen from 425.9p on 26 July, to close at 462.1p after a gain of 1.99% in Wednesday trading.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Custodian Reit (CREI) Director name: Cooper,Malcolm Amount purchased: 45,000 @ 10,880.00p Value: £4,896,000.14

Playtech (PTEC) Director name: Krumins,John Amount purchased: 8,000 @ 467.00p Value: £37,360.00

Best Of The Best (BOTB) Director name: Hughes,Ben Amount purchased: 5,180 @ 459.99p Value: £23,827.48

De La Rue (DLAR) Director name: Vacher,Clive Amount purchased: 22,562 @ 89.45p Value: £20,181.71

De La Rue (DLAR) Director name: Vacher,Clive Amount purchased: 22,562 @ 89.45p Value: £20,181.71

Staffline Group (STAF) Director name: Ellis,Albert Amount purchased: 50,000 @ 40.00p Value: £20,000.00

Pearson (PSON) Director name: Johnson,Sally Amount purchased: 2,658 @ 677.00p Value: £17,994.66

Hamak Gold Limited Npv (di) (HAMA) Director name: Smithson,Nicholas Karl Amount purchased: 119,094 @ 8.40p Value: £10,003.90

Hamak Gold Limited Npv (di) (HAMA) Director name: Lampshire,Martin Amount purchased: 122,000 @ 8.18p Value: £9,979.60

Diageo (DGE) Director name: Ferrán,Javier Amount purchased: 216 @ 3,825.00p Value: £8,262.00

Worsley Investors Limited Npv (WINV) Director name: Scott,William Amount purchased: 23,549 @ 27.00p Value: £6,358.23

Rolls-royce Holdings (RR.) Director name: Mars,Wendy Amount purchased: 2,156 @ 84.43p Value: £1,820.31

Rolls-royce Holdings (RR.) Director name: Yang,Lee Hsien Amount purchased: 1,161 @ 84.43p Value: £980.23

Worsley Investors Limited Npv (WINV) Director name: Scott,William Amount purchased: 2,581 @ 27.00p Value: £696.87

Allianz Technology Trust (ATT) Director name: Patel,Neeta Amount purchased: 204 @ 242.06p Value: £493.80

Mondi (MNDI) Director name: Powell,Mike Amount purchased: 20 @ 1,479.71p Value: £295.94

Mondi (MNDI) Director name: King,Andrew Amount purchased: 20 @ 1,479.71p Value: £295.94

Prudential (PRU) Director name: FitzPatrick,Mark Amount purchased: 20 @ 981.39p Value: £196.28

Imi (IMI) Director name: Twite,Roy Amount purchased: 12 @ 1,287.47p Value: £154.50

Cls Holdings (CLI) Director name: Widlund,Fredrik Amount purchased: 75 @ 201.50p Value: £151.13

Cls Holdings (CLI) Director name: Kirkman ,Andrew Amount purchased: 75 @ 201.50p Value: £151.13

Qinetiq Group (QQ.) Director name: Wadey ,Steve Amount purchased: 39 @ 386.60p Value: £150.77

National Grid (NG.) Director name: Pettigrew,John Amount purchased: 13 @ 1,137.59p Value: £147.89

National Grid (NG.) Director name: Agg,Andrew Amount purchased: 13 @ 1,137.59p Value: £147.89

Imi (IMI) Director name: Shook ,Daniel Amount purchased: 10 @ 1,287.47p Value: £128.75

Top Director Sells

Investec (INVP) Director name: Titi,Fani Amount sold: 248,915 @ 456.00p Value: £1,135,052.39

Natwest Group Plc Ord 100p (NWG) Director name: Rose,Alison Amount sold: 54,145 @ 253.50p Value: £137,257.58

Natwest Group Plc Ord 100p (NWG) Director name: Murray,Katie Amount sold: 36,917 @ 253.50p Value: £93,584.60

De La Rue (DLAR) Director name: Vacher,Clive Amount sold: 45,124 @ 89.40p Value: £40,340.86

Red Rock Resources (RRR) Director name: McMillan Bell,Andrew Ronald Amount sold: 2,000,000 @ 0.47p Value: £9,400.00

Red Rock Resources (RRR) Director name: McMillan Bell,Andrew Ronald Amount sold: 1,580,000 @ 0.48p Value: £7,512.90

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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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