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: Serco's Soames offloads £3m of his shareholding
(Sharecast News) - Outsourcing giant Serco disclosed a sale worth more than £3m on Wednesday, made by its outgoing chairman Rupert Soames. The company said Soames sold 1,885,000 shares on Monday, in a single transaction on the London Stock Exchange.
He netted 162.07p for each share, valuing the sale at £3,053,490.99.
In its announcement of Soames' impending retirement on 12 September, Serco said the chairman would be reducing his holdings in the company as he prepared for retirement.
It further stated he would retain interests "well in excess" of that required by the directors remuneration policy for at least the next three years.
In its latest annual report, Serco said Rupert Soames had total share interests as at 31 December of 10,631,281 shares.
Elsewhere, Weir Group reported a share purchase made by its chair, valued at almost £35k.
The firm said Barbara Jeremiah bought 2,000 of its shares on Tuesday in a single open market transaction in London.
Jeremiah paid 1,737.32p for each share, giving the purchase a gross value of £34,746.40.
At 1455 GMT, shares in Serco Group were down 3.11% at 162.1p, while those in the Weir Group were off 0.75% at 1,731p.
Reporting by Josh White for Sharecast.com.
Top Director Buys
Lbg Media (LBG) Director name: Solomou,Alexander William Amount purchased: 900,000 @ 51.00p Value: £458,999.99
Brooks Macdonald Group (BRK) Director name: Thorpe,Ben Amount purchased: 14,290 @ 1,805.30p Value: £257,977.36
Smiths Group (SMIN) Director name: Howes,Richard Amount purchased: 3,102 @ 1,599.50p Value: £49,616.34
Robert Walters (RWA) Director name: Van de Walle,Leslie Amount purchased: 8,000 @ 530.40p Value: £42,432.00
Weir Group (WEIR) Director name: Jeremiah ,Barbara Amount purchased: 2,000 @ 1,737.32p Value: £34,746.40
Bankers Inv Trust (BNKR) Director name: Miller,Simon Edward Callum Amount purchased: 20,000 @ 98.00p Value: £19,600.00
Oracle Power (ORCP) Director name: Memon,Naheed Amount purchased: 405,296 @ 0.30p Value: £1,215.89
Oracle Power (ORCP) Director name: Migge,Andreas Amount purchased: 81,059 @ 0.30p Value: £243.18
Nexus Infrastructure (NEXS) Director name: Martin,Alan Amount purchased: 151 @ 132.98p Value: £200.80
Oracle Power (ORCP) Director name: Hutchins ,David (Sam) Amount purchased: 61,605 @ 0.30p Value: £184.82
Avon Protection (AVON) Director name: Ingrey-Counter,Miles Amount purchased: 14 @ 1,095.00p Value: £153.30
Imi (IMI) Director name: Twite,Roy Amount purchased: 11 @ 1,348.00p Value: £148.28
Softcat (SCT) Director name: Charlton,Graham Amount purchased: 12 @ 1,213.00p Value: £145.56
Softcat (SCT) Director name: Watt,Graeme Amount purchased: 12 @ 1,213.00p Value: £145.56
Oracle Power (ORCP) Director name: Steed,Mark Amount purchased: 46,204 @ 0.30p Value: £138.61
Imi (IMI) Director name: Shook ,Daniel Amount purchased: 9 @ 1,348.00p Value: £121.32
Top Director Sells
Serco Group (SRP) Director name: Soames,Rupert Amount sold: 1,885,000 @ 162.07p Value: £3,055,019.50
Brooks Macdonald Group (BRK) Director name: Thorpe,Ben Amount sold: 14,290 @ 1,805.00p Value: £257,934.49
Brooks Macdonald Group (BRK) Director name: Thorpe,Ben Amount sold: 2,531 @ 1,917.28p Value: £48,526.41
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.
