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Director dealings: JD Sports chair picks up shares after Footasylum sale

(Sharecast News) - JD Sports Fashion shares tumbled more than 5% on Tuesday, as it disclosed share purchases made by its non-executive chair worth almost £0.4m. The FTSE 100 footwear and apparel retailer said Andy Higginson purchases 292,725 shares on both Monday and Tuesday.

Higginson bought 292,725 shares for 132.67p each, and a further 6,217 shares for 132.32p apiece.

That gave each transaction a total value of £388,358.25, and £8,226.33, respectively.

Following the acquisitions, JD Sports said Higginson had a total interest in 298,942 of its shares, representing 0.01% of its issued share capital.

The purchases came after the company announced on Friday that it had completed the sale of Footasylum to Aurelius Group for £37.5m.

Its £90m acquisition of Footasylum in March 2019 had been mired in controversy, most significantly when it emerged that former chief Peter Cowgill had covertly met Footasylum CEO Barry Brown on two occasions - one in a carpark - amid an arms-length order from the Competition and Markets Authority.

The CMA's investigation into the possibility of limiting competition eventually led to an order for JD Sports to dispose of the chain.

Shares in JD Sports Fashion closed down 5.13% on Tuesday.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Jd Sports Fashion (JD.) Director name: Higginson,Andy Amount purchased: 292,725 @ 132.67p Value: £388,358.25

Staffline Group (STAF) Director name: Spain,Thomas Amount purchased: 350,000 @ 39.66p Value: £138,824.00

Everyman Media Group (EMAN) Director name: Rosehill,Michael Amount purchased: 80,000 @ 108.00p Value: £86,400.00

Integrated Diagnostics Holdings (IDHC) Director name: El Sherbini,Hend Amount purchased: 40,596 @ 90.00p Value: £44,307.69

Jpmorgan Global Core Real Assets Limited (JARA) Director name: Scott,John Amount purchased: 19,184 @ 104.25p Value: £19,999.32

Jd Sports Fashion (JD.) Director name: Higginson,Andy Amount purchased: 6,217 @ 132.32p Value: £8,226.33

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 4,800 @ 134.40p Value: £6,451.20

Procook Group (PROC) Director name: Hodder,Gregory Amount purchased: 15,000 @ 42.55p Value: £6,382.50

Sunrise Resources (SRES) Director name: Murphy,Roger Amount purchased: 6,121,031 @ 0.10p Value: £6,128.68

Sunrise Resources (SRES) Director name: Cole,James Amount purchased: 4,638,826 @ 0.11p Value: £5,218.68

Synthomer (SYNT) Director name: Liu,Lily Amount purchased: 2,000 @ 192.59p Value: £3,851.80

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 1,941 @ 134.40p Value: £2,608.70

Sunrise Resources (SRES) Director name: Cheetham,Patrick Amount purchased: 2,212,764 @ 0.11p Value: £2,489.36

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 950 @ 134.40p Value: £1,276.80

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 800 @ 134.40p Value: £1,075.20

F&c Investment Trust (FCIT) Director name: Hollond,Beatrice Amount purchased: 110 @ 899.95p Value: £989.95

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 590 @ 134.40p Value: £792.96

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 401 @ 134.40p Value: £538.94

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 362 @ 134.40p Value: £486.53

Judges Scientific (JDG) Director name: Ormsby,Bradley Leonard Amount purchased: 3 @ 8,600.00p Value: £258.00

Judges Scientific (JDG) Director name: Cicurel,David Amount purchased: 3 @ 8,600.00p Value: £258.00

Judges Scientific (JDG) Director name: Lavelle,Mark Amount purchased: 3 @ 8,600.00p Value: £258.00

Oracle Power (ORCP) Director name: Migge,Andreas Amount purchased: 75,993 @ 0.32p Value: £243.18

Mj Gleeson (GLE) Director name: Thomson,James Amount purchased: 38 @ 530.00p Value: £201.40

Mj Gleeson (GLE) Director name: Allanson ,Stefan Amount purchased: 37 @ 530.00p Value: £196.10

Oracle Power (ORCP) Director name: Hutchins ,David (Sam) Amount purchased: 57,755 @ 0.32p Value: £184.82

Unilever (ULVR) Director name: Pitkethly,Graeme Amount purchased: 4 @ 4,011.00p Value: £160.44

Softcat (SCT) Director name: Watt,Graeme Amount purchased: 11 @ 1,439.00p Value: £158.29

Taylor Wimpey (TW.) Director name: Carney,Chris Amount purchased: 122 @ 123.15p Value: £150.24

Taylor Wimpey (TW.) Director name: Daly,Jennie Amount purchased: 122 @ 123.15p Value: £150.24

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 111 @ 134.40p Value: £149.18

Close Brothers Group (CBG) Director name: Sainsbury,Adrian Amount purchased: 13 @ 1,136.00p Value: £147.68

Softcat (SCT) Director name: Charlton,Graham Amount purchased: 10 @ 1,439.00p Value: £143.90

Oracle Power (ORCP) Director name: Steed,Mark Amount purchased: 43,316 @ 0.32p Value: £138.61

F&c Investment Trust (FCIT) Director name: Knapp,Edward Amount purchased: 11 @ 899.95p Value: £98.99

S4 Capital (SFOR) Director name: Connolly,Margaret Ma Amount purchased: 45 @ 134.40p Value: £60.48

Oracle Power (ORCP) Director name: Memon,Naheed Amount purchased: 379 @ 0.32p Value: £1.21

Top Director Sells

Direct Line Insurance Group (DLG) Director name: Manser,Neil Amount sold: 48,462 @ 207.88p Value: £100,744.50

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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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