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Director dealings: Tesco non-exec spends $45k on ADRs
(Sharecast News) - Tesco shares were in the red on Friday afternoon, even after a non-executive director bought more than $45,000 of the retail giant's American depositary receipts. The company disclosed that Byron Grote purchased 18,000 ADRs on Thursday, for $3.04 each, in an over-the-counter (OTC) transaction in the US.
That valued the investment at a total of $45,122.45.
Tesco said each of its American depositary receipts is equivalent to three of its ordinary shares.
At 1231 BST, shares in Tesco were down 0.89% at 254.21p.
Reporting by Josh White at Sharecast.com.
Top Director Buys
Tesco (TSCO) Director name: Grote,Byron Elmer Amount purchased: 18,000 @ $3.04 Value: $45,122.45
Top Director Sells
Bhp Group Limited Npv (di) (BHP) Director name: Henry,Mike Amount sold: 123,356 @ $41.44 Value: $2,705,697.97
Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 133,600 @ $1.55 Value: $122,510.87
Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 71,200 @ $1.55 Value: $65,290.22
Touchstone Exploration Inc Npv (di) (TXP) Director name: Wright,John D. Amount sold: 53,600 @ $1.55 Value: $49,151.07
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