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Directors dealings: Assore International ups stake in Gemfields further

(Sharecast News) - Gemfields announced that Assore International Holdings had further increased its stake in the emeralds and rubies miner.

The miner said that on 18 October Assore had purchased approximately 12.2m shares, taking its total stake to 340.4m shares of roughly 28.27% of Gemfields's shares for a 29.19% stake in those shares with voting rights.

Patrick Sacco and Kieran Daly, who held the positions of non-executive director and alternate non-executive director at Gemfields, were also managing director and non-executive director at Assore, respectively.

Sacco also held a beneficial interest in Assore.

On 14 September, the gemstones miner and Faberge owner had reported a sharp drop in profit and revenues at the half-year stage.

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Gemfields Group Limited (GEM) Director name: Sacco,Patrick Eugenio Amount purchased: 12,219,181 @ R3.15 Value: R1,717,410.08

Oakley Capital Investments Ltd. (di) (OCI) Director name: Dubens,Peter Amount purchased: 47,619 @ 418.00p Value: £199,047.41

Oakley Capital Investments Ltd. (di) (OCI) Director name: Till,David Amount purchased: 47,619 @ 418.00p Value: £199,047.41

Eurocell (ECEL) Director name: Mapp,Derek Amount purchased: 100,000 @ 108.25p Value: £108,250.00

Enteq Technologies (NTQ) Director name: Law,Andrew Amount purchased: 716,450 @ 11.25p Value: £80,600.62

Enteq Technologies (NTQ) Director name: Perry,Martin G. Amount purchased: 98,400 @ 11.25p Value: £11,070.00

Enteq Technologies (NTQ) Director name: Hartley,Neil Amount purchased: 49,200 @ 11.25p Value: £5,535.00

Enteq Technologies (NTQ) Director name: Ritchie,Mark Amount purchased: 34,440 @ 11.25p Value: £3,874.50

Hongkong Land Holding Ltd. (sing.reg) (HKLD) Director name: Beattie,Craig Amount purchased: 900 @ $3.20 Value: $2,880.00

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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.

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