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Director dealings: Airtel shareholder crosses 15pc threshold, BT CFO sells stock

(Sharecast News) - Two significant director dealings were disclosed to the market on Thursday, with one of Airtel Africa's shareholders crossing the 15% holding threshold, while BT's finance chief sold a chunk of his holding. Indian Continent Investment, associated with Airtel Africa board member Shravin Bharti Mittal, made a substantial purchase of shares.

The transaction, conducted under off-market bilateral private arrangements, involved the acquisition of 94,593,705 shares for 96.04p each, making for a total value of £90.85m.

It took place on 12 December, outside of regular trading venues.

As a result of the acquisition, Indian Continent Investment via Bharti Overseas Private now had voting rights over 567,665,566 shares in Airtel Africa, representing 15.1% of the company.

That marked a notable increase from its previous position, which stood at 12.58% of the firm.

On the other side of the ledger, BT Group chief financial officer Simon Lowth executed the sale of some of his shares.

Lowth sold 160,000 shares on 12 December for 125p each, resulting in a total transaction value of £0.2m.

This sale took place on the London Stock Exchange.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Airtel Africa (AAF) Director name: Mittal,Shravin Bharti Amount purchased: 94,593,704 @ 96.04p Value: £90,847,791.93

Africa Opportunity Fund Limited (AOF) Director name: Knapp,Robert C Amount purchased: 3,000,000 @ 51.00p Value: £1,855,430.97

Africa Opportunity Fund Limited (AOF) Director name: Knapp,Robert C Amount purchased: 1,387,375 @ 51.00p Value: £858,059.51

Great Southern Copper (GSCU) Director name: Bond,Charles Richard William Amount purchased: 511,710 @ 139.00p Value: £711,276.89

Afentra (AET) Director name: Cloke,Ian Richard Amount purchased: 602,874 @ 32.00p Value: £192,919.68

Afentra (AET) Director name: Cloke,Ian Richard Amount purchased: 601,594 @ 30.36p Value: £182,613.86

Astrazeneca (AZN) Director name: Manz,Anna Amount purchased: 487 @ 10,189.56p Value: £49,623.16

Prudential (PRU) Director name: Lu,Ming Amount purchased: 5,600 @ 879.40p Value: £49,246.40

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 100,035 @ $0.44 Value: $43,515.23

Van Elle Holdings (VANL) Director name: Cutler,Mark Amount purchased: 100,000 @ 39.00p Value: £39,000.00

Great Southern Copper (GSCU) Director name: Greene,Stuart Amount purchased: 2,881,402 @ 1.20p Value: £34,576.82

Tullow Oil (TLW) Director name: Goethe,Roald Amount purchased: 100,000 @ 33.18p Value: £33,180.00

Conygar Investment Company (CIC) Director name: Hamway,Nigel J Amount purchased: 17,000 @ 85.70p Value: £14,569.00

Conygar Investment Company (CIC) Director name: Sandhu,Bimaljit S (Bim) Amount purchased: 17,000 @ 85.70p Value: £14,569.00

Conygar Investment Company (CIC) Director name: Ware,Robert T E Amount purchased: 17,000 @ 85.70p Value: £14,569.00

Avon Protection (AVON) Director name: Sclater,Jos Amount purchased: 1,553 @ 791.78p Value: £12,296.38

Avon Protection (AVON) Director name: Cashin,Rich Amount purchased: 1,490 @ 791.78p Value: £11,797.55

Great Southern Copper (GSCU) Director name: Garrett,Samuel James Melville Amount purchased: 579,137 @ 1.45p Value: £8,397.49

Great Southern Copper (GSCU) Director name: Briers,Nicholas Michael Amount purchased: 332,433 @ 2.27p Value: £7,546.23

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 9,887 @ 46.90p Value: £5,623.29

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 5,591 @ 46.01p Value: £3,119.57

Symphony International Holdings Ltd. (SIHL) Director name: Thadani,Anil Amount purchased: 5,540 @ 42.80p Value: £2,875.46

Sthree (STEM) Director name: Beach,Andrew Amount purchased: 36 @ 425.00p Value: £153.00

Team17 Group (TM17) Director name: Crawford ,Mark Amount purchased: 96 @ 156.90p Value: £150.62

Sthree (STEM) Director name: Lehne,Timo Amount purchased: 14 @ 425.00p Value: £59.50

Top Director Sells

Softcat (SCT) Director name: Charlton,Graham Amount sold: 17,092 @ 1,312.00p Value: £224,247.04

Bt Group (BT.A) Director name: Lowth,Simon Amount sold: 160,000 @ 125.00p Value: £200,000.00

Afentra (AET) Director name: Cloke,Ian Richard Amount sold: 617,190 @ 30.35p Value: £187,317.16

Barclays (BARC) Director name: Venkatakrishnan,C.S. Amount sold: 131,098 @ 142.82p Value: £187,234.16

Afentra (AET) Director name: Cloke,Ian Richard Amount sold: 555,069 @ 32.00p Value: £177,622.08

Tremor International Ltd (di) (TRMR) Director name: Carmi ,Yaniv Amount sold: 82,500 @ $2.13 Value: $144,965.15

Barclays (BARC) Director name: Cross,Anna Amount sold: 74,044 @ 142.82p Value: £105,749.64

Mitchells & Butlers (MAB) Director name: Urban,Phil Amount sold: 16,049 @ 237.20p Value: £38,068.23

Mitchells & Butlers (MAB) Director name: Jones,Timothy (Tim) Charles Amount sold: 13,429 @ 237.20p Value: £31,853.59

Afentra (AET) Director name: Cloke,Ian Richard Amount sold: 34,033 @ 30.74p Value: £10,461.74

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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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