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Director dealings: UP Global Sourcing directors make big purchases

(Sharecast News) - UP Global Sourcing was in the red on Monday, after two of its directors made some big share purchases. The company, which trades as Ultimate Products, said non-executive director Robbie Bell bought 100,000 shares on 1 September.

Bell paid 119.7p for each share, valuing the transaction at £119,700.

At the same time, chairman James McCarthy purchased 65,000 shares for 119.7p apiece, spending a total of £77,805.

Following the purchase, UP said McCarthy had a beneficial interest in 1,000,000 of its shares, representing 1.1% of its issued share capital, while Bell's total interest stood at 502,144 shares, or 0.6% of its issued capital.

At 1148 BST, shares in UP Global Sourcing Holdings were down 4.68% at 112p.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Up Global Sourcing Holdings (UPGS) Director name: Bell,Robbie Amount purchased: 100,000 @ 119.70p Value: £119,700.00

Up Global Sourcing Holdings (UPGS) Director name: McCarthy,James Amount purchased: 65,000 @ 119.70p Value: £77,805.00

Genuit Group (GEN) Director name: Vorih,Joe Amount purchased: 7,500 @ 335.08p Value: £25,130.83

Top Director Sells

Harbour Energy (HBR) Director name: Thomas,Blair Amount sold: 591,131 @ 470.53p Value: £2,781,448.61

Harbour Energy (HBR) Director name: Thomas,Blair Amount sold: 273,507 @ 471.91p Value: £1,290,706.88

Harbour Energy (HBR) Director name: Thomas,Blair Amount sold: 235,000 @ 476.18p Value: £1,119,022.96

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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.

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