Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Director dealings: Mike Ashley settles 250k Frasers options, RS Group CEO invests
(Sharecast News) - Frasers Group found itself on both sides of the ledger on Wednesday, after Mike Ashley settled a quarter-million share put option transaction. The owner of the House of Fraser and Sports Direct nameplates said Ashley had sold put options over 250,000 shares at a strike price of 900p and an expiry of September, valuing that at £2.25m.
It said he exercised those put options, and settled them through the purchase of derivatives equivalent to 250,000 shares at a price of 901p apiece, valuing the buy at £2.252m.
Ashley also purchased further derivatives equivalent to 100,000 Frasers Group shares, for 717.65p each, spending £0.72m in that transaction.
Elsewhere, RS Group disclosed two purchases made by its chief executive officer, totalling 31,000 of its shares.
It said Simon Pryce first bought 29,000 shares for 803.55p each, for a total transaction value of £233,030.86.
In the second transaction, Pryce picked up a further 2,000 shares for 792.6p apiece, spending £15,851.93 in the process.
Both transactions took place on the London Stock Exchange on 23 May.
At 1307 BST, shares in Frasers Group were down 0.98% at 710p, while those in RS Group were off 0.5% at 789.2p.
Reporting by Josh White for Sharecast.com.
DIRECTOR SELLS
Company: Frasers Group Name: Michael Ashley Volume: 250,000 Price: 900p Value: £2,250,000.00
Company: London Stock Exchange Group Name: York Holdings II Volume: 4,006 Price: 8,478.94p Value: £339,666.34
Company: Diversified Energy Company Name: Bradley Gray Volume: 250,000 Price: 95.65p Value: £239,125.00
Company: Compass Group Name: Robin Mills Volume: 10,000 Price: 2,229.98p Value: £222,998.00
DIRECTOR BUYS
Company: Frasers Group Name: Michael Ashley Volume: 250,000 Price: 901p Value: £2,252,500.00
Company: Frasers Group Name: Michael Ashley Volume: 100,000 Price: 717.65p Value: £717,645.30
Company: RS Group Name: Simon Pryce Volume: 29,000 Price: 803.55p Value: £233,030.86
Company: C&C Group Name: Patrick McMahon Volume: 20,000 Price: 132p Value: £26,400.00
Company: RS Group Name: Simon Pryce Volume: 2,000 Price: 792.6p Value: £15,851.93
Share this article
Related Sharecast Articles
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.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
