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Director dealings: Melrose directors invest after better-than-expected results

(Sharecast News) - Melrose Industries found itself with several entries on the list of buyers on Thursday, disclosing four purchases made by its chairman and three non-executive directors. The transactions were all on the London Stock Exchange on Thursday - the same day the FTSE 250 engineering giant reported results ahead of expectations, and raised its dividend.

It said its non-executive chairman Justin Dowley bought 75,000 shares at a price of 132.26p each, spending a total of £99,195.

Following that, he had an interest in 1,499,480 of its shares, representing 0.03429% of its issued share capital.

Non-executive director Liz Hewitt bought 37,000 shares for 136.51p each, spending £50,508.70, meaning she now had an interest in 227,239 shares, or 0.0052% of Melrose's issued share capital.

David Lis, another non-executive director, bought 35,000 shares at a price of 133.25p each, spending £46,637.50.

As a result, Lis now had an interest in 448,052 Melrose shares, or 0.01025% of its issued capital.

Finally, non-executive director Victoria Jarman bought 20,000 shares for 134.34p each, making for a total transaction value of £26,868.

Following that, Melrose said Jarman held an interest in 33,500 shares, representing just 0.00077% of its issued share capital.

Top Director Buys

Uniphar (cdi) (UPR) Director name: Hogan,Paul Amount purchased: 42,098 @ 3.40 Value: 128,948.83

Melrose Industries (MRO) Director name: Dowley,Justin Amount purchased: 75,000 @ 132.26p Value: £99,195.00

Oxford Biodynamics (OBD) Director name: Diggle,Stephen Charles Amount purchased: 400,000 @ 22.20p Value: £88,800.00

Abrdn (ABDN) Director name: Bruce,Stephanie Amount purchased: 40,000 @ 199.40p Value: £79,760.00

Tyman (TYMN) Director name: Withers,Paul Amount purchased: 20,000 @ 355.00p Value: £71,000.00

Hyve Group (HYVE) Director name: Shashoua,Mark Amount purchased: 100,000 @ 60.17p Value: £60,167.30

Melrose Industries (MRO) Director name: Hewitt,Liz Amount purchased: 37,000 @ 136.51p Value: £50,508.70

Melrose Industries (MRO) Director name: Lis,David Amount purchased: 35,000 @ 133.25p Value: £46,637.50

Hyve Group (HYVE) Director name: Last,Richard Amount purchased: 61,000 @ 60.00p Value: £36,600.00

Oxford Biodynamics (OBD) Director name: Diggle,Stephen Charles Amount purchased: 143,997 @ 22.40p Value: £32,255.33

Scancell Holdings (SCLP) Director name: Diggle ,Martin Amount purchased: 250,000 @ 12.00p Value: £30,000.00

Hikma Pharmaceuticals (HIK) Director name: Hurt,Douglas Amount purchased: 1,500 @ 1,954.00p Value: £29,310.00

Pci-pal (PCIP) Director name: Good,William Amount purchased: 50,000 @ 58.00p Value: £29,000.00

Melrose Industries (MRO) Director name: Jarman ,Victoria Amount purchased: 20,000 @ 134.34p Value: £26,868.00

Sthree (STEM) Director name: Beach,Andrew Amount purchased: 6,237 @ 414.00p Value: £25,821.18

Hyve Group (HYVE) Director name: Last,Richard Amount purchased: 35,000 @ 60.00p Value: £21,000.00

Enteq Technologies (NTQ) Director name: Law,Andrew Amount purchased: 142,850 @ 14.00p Value: £19,999.00

Premier Foods (PFD) Director name: Jones,Helen Amount purchased: 10,000 @ 106.20p Value: £10,620.00

Uls Technology (ULS) Director name: Scott,Oliver Rupert Andrew Amount purchased: 12,000 @ 74.63p Value: £8,956.00

Hyve Group (HYVE) Director name: Last,Richard Amount purchased: 4,000 @ 60.00p Value: £2,400.00

British American Tobacco (BATS) Director name: Marroco,Tadeu Amount purchased: 5 @ 3,243.26p Value: £162.16

Top Director Sells

Uniphar (cdi) (UPR) Director name: Rabbette,Gerard Amount sold: 174,626 @ 335.00p Value: £584,997.08

Uniphar (cdi) (UPR) Director name: Dolphin,Timothy Amount sold: 116,417 @ 335.00p Value: £389,996.94

Wincanton (WIN) Director name: Wroath,James Amount sold: 18,040 @ 360.00p Value: £64,944.00

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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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