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Director dealings: Steppe Cement CEO raises stake

(Sharecast News) - Steppe Cement revealed on Tuesday that chief executive Javier del Ser Perez had acquired 300,000 ordinary shares in the AIM-listed cement production and sale business. Del Ser Perez, who took over as CEO in 1998, purchased the shares on Monday at an average price of 13.81p each, for a total value of £41,437.50.

Following the transaction, del Ser Perez holds a beneficial interest in 19.5m ordinary Steppe Cement shares, representing approximately 8.91% of the company's issued share capital.

As of 1625 BST, Steppe Cement shares were up 7.59% at 15.50p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Steppe Cement Ltd (STCM) Director name: del Ser Perez,Javier Amount purchased: 300,000 @ 13.81p Value: £41,437.50

Rs Group (RS1) Director name: Sleath,David J R Amount purchased: 3,255 @ 733.47p Value: £23,874.56

Top Director Sells

London Stock Exchange Group (LSEG) Director name: Brand,Martin Amount sold: 60,566 @ 9,580.85p Value: £5,802,737.74

London Stock Exchange Group (LSEG) Director name: Brand,Martin Amount sold: 15,146 @ 9,580.85p Value: £1,451,115.57

Vodafone Group (VOD) Director name: Valle,Margherita D. Amount sold: 620,878 @ 69.06p Value: £428,781.44

Bt Group (BT.A) Director name: Lowth,Simon Amount sold: 198,537 @ 134.00p Value: £266,039.59

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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.