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Director dealings: IWG CEO sells big batch of shares

(Sharecast News) - Estorn Limited, an entity closely associated with IWG boss Mark Dixon, sold a hefty amount of shares. According to IWG, on 28 May, Estorn sold 35m shares at roughly 1.96p apiece for a total transaction amount of about £68.54m.

The proceeds were to be used to unwind pledge and lending arrangements between Estorn and Deutsche Bank Luxembourg SA.

Following the sale Dixon was left with a stake of 25.2% in IWG.

Top Director Buys

Man Group (EMG) Director name: Joshi ,Dixit Amount purchased: 38,183 @ 261.32p Value: £99,778.82

Foresight Solar Fund Limited (FSFL) Director name: Ohlsson,Alex Amount purchased: 100,000 @ 87.20p Value: £87,200.00

Finsbury Growth & Income Trust (FGT) Director name: Hayes ,Simon Amount purchased: 3,738 @ 839.85p Value: £31,393.73

Land Securities Group (LAND) Director name: Mannings,Moni Amount purchased: 4,643 @ 646.00p Value: £29,993.78

Brighton Pier Group (the) (PIER) Director name: Martin,Anne Amount purchased: 10,821 @ 45.38p Value: £4,911.10

Pharos Energy (PHAR) Director name: Rivett,Sue Amount purchased: 4,013 @ 24.30p Value: £975.16

Marks & Spencer Group (MKS) Director name: Bickerstaffe,Katie Amount purchased: 49 @ 301.40p Value: £147.69

Top Director Sells

Iwg (IWG) Director name: Dixon,Mark Amount sold: 35,000,000 @ 195.82p Value: £68,536,999.23

Aj Bell (AJB) Director name: Summersgill ,Michael Thomas Amount sold: 119,000 @ 393.07p Value: £467,747.58

Aj Bell (AJB) Director name: Summersgill ,Michael Thomas Amount sold: 81,000 @ 387.83p Value: £314,138.74

Taseko Mines Limited Npv (di) (TKO) Director name: Hallbauer,Russell Amount sold: 50,000 @ $4.10 Value: $121,280.32

Aj Bell (AJB) Director name: Birch,Peter Amount sold: 6,500 @ 386.68p Value: £25,134.20

Taseko Mines Limited Npv (di) (TKO) Director name: Hallbauer,Russell Amount sold: 9,100 @ $3.95 Value: $21,265.47

Aj Bell (AJB) Director name: Summersgill ,Michael Thomas Amount sold: 5,000 @ 387.83p Value: £19,391.28

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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.