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Director dealings: Town Centre exec, Beazley directors disclose trades

(Sharecast News) - Among the insider dealings disclosed to the market in London on Thursday, Town Centre Securities executive director Ben Ziff sold and immediately repurchased shares as part of personal estate planning, while Beazley directors Paul Bantick and Adrian Cox exercised or vested share awards and sold stock to cover tax obligations. Town Centre Securities said Ziff sold 120,500 ordinary shares on 20 May at 115p each and immediately bought back the same number of shares at the same price.

The matched transactions, carried out outside a trading venue, each had a value of £138,575.

The company said Ziff's holding remained unchanged at 783,638 shares, representing 1.9% of its issued share capital.

The Ziff Concert Party's holding also remained unchanged at 56.6% of the total issued share capital.

Separately, Beazley said director Paul Bantick exercised 105,517 nil-cost options under the insurer's long-term incentive plan, relating to awards granted on 19 May 2023.

He sold 49,718 shares at 1,279.399p each on the London Stock Exchange to satisfy tax and national insurance contributions, raising about £636,092.

Beazley also said director Adrian Cox had 32,307 deferred share awards vest under the company's deferred share plan, also relating to 19 May 2023 awards.

Cox sold 15,223 shares at the same price to meet tax and national insurance liabilities, raising about £194,763.

At 1246 BST, shares in Town Centre Securities were down 8.06% at 114p, while those in Beazley were off 0.08% at 1,281p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Town Centre Securities (TOWN) Director name: Ziff,Ben Amount purchased: 120,500 @ 115.00p Value: £138,575.00

Quilter (QLT) Director name: Ross ,Andrew Amount purchased: 27,100 @ 185.90p Value: £50,379.71

Autotrader Group (AUTO) Director name: Davies ,Matt Amount purchased: 5,532 @ 451.90p Value: £24,999.11

Autotrader Group (AUTO) Director name: James,Amanda Amount purchased: 5,477 @ 453.97p Value: £24,863.94

Integrafin Holding (IHP) Director name: Marshall,Euan Amount purchased: 5,000 @ 324.67p Value: £16,233.50

The Mission Group (TMG) Director name: Kempster,Jon Amount purchased: 68,852 @ 15.26p Value: £10,506.82

Neo Energy Metals (NEO) Director name: Sabur,Sajjad Amount purchased: 982,349 @ 1.01p Value: £9,946.28

Neo Energy Metals (NEO) Director name: Sabur,Sajjad Amount purchased: 780,023 @ 1.02p Value: £7,956.23

Ncc Group (NCC) Director name: Maddison ,Mike Amount purchased: 121 @ 136.40p Value: £165.04

Ncc Group (NCC) Director name: Ellis,Guy Amount purchased: 121 @ 136.40p Value: £165.04

Top Director Sells

Glanbia (cdi) (GLB) Director name: Garvey,Mark Amount sold: 48,998 @ 20.56 Value: 1,007,616.42

Glanbia (cdi) (GLB) Director name: McGuire ,Hugh Amount sold: 43,956 @ 2,061.28p Value: £1,005,721.43

Beazley (BEZ) Director name: Cox ,Adrian Amount sold: 15,223 @ 1,279.40p Value: £194,762.91

Town Centre Securities (TOWN) Director name: Ziff,Ben Amount sold: 120,500 @ 115.00p Value: £138,575.00

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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.