Director dealings: Audioboom chair invests, Babcock CEO covers tax bill

Podcast producer and distributor Audioboom was among those on the list of director buys on Wednesday, after its chairman bought more than five thousand shares.

The company said Michael Tobin picked up 5,128 ordinary shares on 8 August, in a single transaction on the London Stock Exchange.

Tobin paid 195p for each share, valuing the transaction at a total of £9,999.60.

“Following this purchase, Michael Tobin holds 774,452 ordinary shares in the company, representing approximately 4.7% of the company's issued share capital,” Audioboom confirmed in its statement to the market.

On the selling side of things was Babcock International, whose chief executive officer sold a number of shares to cover a tax bill arising from the exercise of options.

It said David Lockwood picked up 168,824 shares on the exercise of nil-cost options, before selling 79,574 of them to satisfy tax, National Insurance and dealing charges.

Lockwood sold the shares for 375.5p each, valuing the transaction at £298,800.37.

As a result, Lockwood retained 89,250 of the option shares after the exercise and sale.

At the close on Wednesday, shares in Audioboom were up 5.13% at 205p, while those in Babcock International Group were 3.66% firmer at 391p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Pantheon International (PIN)
Director name: Burgess ,John
Amount purchased: 258,214 @ 280.00p
Value: �722,999.19

Atlantic Lithium Limited Npv (di) (ALL)
Director name: Herbert,Neil Lindsey
Amount purchased: 290,000 @ 17.20p
Value: �49,880.00

Atlantic Lithium Limited Npv (di) (ALL)
Director name: Harsas ,Amanda
Amount purchased: 150,000 @ 17.19p
Value: �25,785.00

European Metals Holding Limited (di) (EMH)
Director name: Bloomfield,Lincoln Palmer
Amount purchased: 52,350 @ $0.87
Value: $24,106.56

Audioboom Group (BOOM)
Director name: Tobin,Michael
Amount purchased: 5,128 @ 195.00p
Value: �9,999.60

Atlantic Lithium Limited Npv (di) (ALL)
Director name: Harsas ,Amanda
Amount purchased: 50,000 @ $0.35
Value: $9,262.69

Afc Energy (AFC)
Director name: Bullard,Gary
Amount purchased: 35,000 @ 15.15p
Value: �5,302.50

Judges Scientific (JDG)
Director name: Lavelle,Mark
Amount purchased: 4 @ 9,348.00p
Value: �373.92

Judges Scientific (JDG)
Director name: Prestidge,Tim
Amount purchased: 4 @ 9,348.00p
Value: �373.92

Judges Scientific (JDG)
Director name: Cicurel,David
Amount purchased: 4 @ 9,348.00p
Value: �373.92

Judges Scientific (JDG)
Director name: Ormsby,Bradley Leonard
Amount purchased: 2 @ 9,348.00p
Value: �186.96

Top Director Sells

Babcock International Group (BAB)
Director name: Lockwood,David
Amount sold: 79,574 @ 375.50p
Value: �298,800.38