Director dealings: Anglo's Cutifani dips in, Mills's takes more profits at Gleeson

Mark Cutifani, chief executive of Anglo American, has spent £220,000 buying shares in the troubled mining company.

The Australian, whose annual bonus was revealed on Monday to have shrunk 40% due to the company's tumbling share price, bought 40,000 ordinary shares of at a price of 551p apiece.

Cutfani's take home pay was boosted as shares vesting in his long-term performance plan paid out £778,000, so that his pay was just 8.3% lower than the previous year's.

Since he was appointed in January 2013, crumbling commodity prices have led to Anglo's shares falling from near £20 to this January's low just above £2.

With shares in MJ Gleeson rising almost 60% since the start of 2015, director Chris Mills' activist investment vehicle Harwood Capital has taken a £1.7m of profit.

The North Atlantic Smaller Companies Investment Trust, which is managed by Harwood, sold 298,500 shares at an average price of 565p per share.

Following a handful of sales last year, which have taken the stake from above 25%, this latest profit-taking leaves Mills' current shareholding at 11.06m, or 20.4% of the regeneration-focused housing developer.

February's interim results showed a 52.1% increase in revenue, 182.5% increase in operating profit and 66.7% increase in the interim dividend.

Mills, former CIO and co-founder of J O Hambro Capital Management, first took a stake in Gleeson in 2005, not long before the board formally rejected an outline takeover proposal from an unnamed AIM quoted investment holding company.

Top Director Buys

Riverstone Energy Limited (RSE)
Director name: Lapeyre Jr.,Pierre F
Amount purchased: 50,000 @ 790.00p
Value: £395,000.00

Anglo American (AAL)
Director name: Cutifani,Mark
Amount purchased: 40,000 @ 551.00p
Value: £220,400.01

Tristel (TSTL)
Director name: Soler,Francisco Angel
Amount purchased: 36,521 @ 113.40p
Value: £41,414.81

Jarvis Securities (JIM)
Director name: Head ,Jolyon Christopher
Amount purchased: 1,177 @ 333.94p
Value: £3,930.47

Sthree (STHR)
Director name: Smith,Alex
Amount purchased: 63 @ 300.75p
Value: £189.47

Sthree (STHR)
Director name: Elden,Gary
Amount purchased: 63 @ 300.75p
Value: £189.47

Top Director Sells

Mj Gleeson (GLE)
Director name: Mills,Christopher H B
Amount purchased: 298,500 @ 565.00p
Value: £1,686,525.03

Prime People (PRP)
Director name: Lewis,John
Amount purchased: 25,000 @ 99.00p
Value: £24,750.00