Director dealings: Gear4music CEO nets £12m in institutional sale

The founder and chief executive officer of musical instruments and equipment retailer Gear4music enjoyed a £12m payday on Monday, after he sold 1.65 million shares in the company.

Andrew Wass sold the holding, representing 7.9% of the AIM-traded company, at 730p per share.

In a statement to the market, the firm said the sale was to “satisfy existing market demand”.

Following the sale, Wass held 4,701,593 shares in Gear4music, representing 22.4% of its issued share capital, down from 30.3%.

“It is intended that the sale shares will be offered to certain institutional investors,” Gear4music said on Monday morning.

Top Director Buys

Fintel (FNTL)
Director name: Stevens,Neil Martin
Amount purchased: 23,803 @ 210.00p
Value: £49,986.30

Sig (SHI)
Director name: Durrant,Kath
Amount purchased: 100,774 @ 49.35p
Value: £49,731.97

Fintel (FNTL)
Director name: Thompson,David
Amount purchased: 23,673 @ 210.00p
Value: £49,713.30

Bank Of Ireland Group (cdi) (BIRG)
Director name: Goulding,Richard
Amount purchased: 10,000 @ 4.93
Value: 49,344.41

Seeing Machines Ltd. Npv (di) (SEE)
Director name: Brown,Michael
Amount purchased: 200,000 @ 11.00p
Value: £22,000.00

Cvs Group (CVSG)
Director name: Fairman,Richard
Amount purchased: 907 @ 2,199.75p
Value: £19,951.73

Oxford Biodynamics (OBD)
Director name: Diggle,Stephen Charles
Amount purchased: 50,000 @ 37.10p
Value: £18,550.00

Fintel (FNTL)
Director name: Timmins,Matthew Lloyd
Amount purchased: 8,000 @ 210.00p
Value: £16,800.00

Rotala (ROL)
Director name: Dunn,Robert
Amount purchased: 50,000 @ 30.45p
Value: £15,225.00

Fih Group (FIH)
Director name: Munro,Stuart
Amount purchased: 4,400 @ 215.00p
Value: £9,460.00

Tpximpact Holdings (TPX)
Director name: Rigby,Oliver James
Amount purchased: 58 @ 14,906.00p
Value: £8,645.48

Tpximpact Holdings (TPX)
Director name: Gandhi,Neal Narendra
Amount purchased: 58 @ 14,906.00p
Value: £8,645.48

Uls Technology (ULS)
Director name: Scott,Oliver Rupert Andrew
Amount purchased: 6,000 @ 73.20p
Value: £4,392.00

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 400 @ $7.93
Value: $2,617.30

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 400 @ $7.92
Value: $2,612.35

Uls Technology (ULS)
Director name: Scott,Oliver Rupert Andrew
Amount purchased: 3,000 @ 73.00p
Value: £2,190.00

Rotala (ROL)
Director name: Dunn,Simon Lee
Amount purchased: 4,700 @ 30.50p
Value: £1,433.50

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 200 @ $7.88
Value: $1,298.75

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 200 @ $7.86
Value: $1,296.28

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 200 @ $7.80
Value: $1,286.39

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 200 @ $7.75
Value: $1,278.14

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 180 @ $8.00
Value: $1,187.43

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 180 @ $8.00
Value: $1,187.43

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 100 @ $7.93
Value: $653.50

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 100 @ $7.90
Value: $651.44

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 100 @ $7.75
Value: $639.07

Allianz Technology Trust (ATT)
Director name: Patel,Neeta
Amount purchased: 141 @ 350.00p
Value: £493.50

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 60 @ $7.88
Value: $389.63

Bp (BP.)
Director name: Auchincloss,Murray
Amount purchased: 108 @ 343.55p
Value: £371.03

Renalytix (reg S) (RENX)
Director name: McCullough,James Renwick
Amount purchased: 50 @ $8.01
Value: $330.05

Bp (BP.)
Director name: Looney,Bernard
Amount purchased: 93 @ 343.55p
Value: £319.50

Sabre Insurance Group (SBRE)
Director name: Carter,Geoffrey Richard
Amount purchased: 80 @ 189.11p
Value: £151.29

Firstgroup (FGP)
Director name: Mangold,Ryan
Amount purchased: 152 @ 99.17p
Value: £150.74

Xp Factory (XPF)
Director name: Harpham,Richard
Amount purchased: 496 @ 30.29p
Value: £150.21

Xp Factory (XPF)
Director name: Bird,Graham
Amount purchased: 496 @ 30.29p
Value: £150.21

Easyjet (EZJ)
Director name: Jarvis,Kenton
Amount purchased: 28 @ 535.65p
Value: £149.98

Oxford Instruments (OXIG)
Director name: Hill,Gavin
Amount purchased: 6 @ 2,423.58p
Value: £145.41

Oxford Instruments (OXIG)
Director name: Barkshire,Ian
Amount purchased: 6 @ 2,423.58p
Value: £145.41

Glaxosmithkline (GSK)
Director name: Walmsley,Emma
Amount purchased: 8 @ 1,601.18p
Value: £128.09

Top Director Sells

Gear4music (holdings) (G4M)
Director name: Wass,Andrew Paul
Amount sold: 1,650,000 @ 730.00p
Value: £12,045,000.31

Daily Mail And General Trust A (non.v) (DMGT)
Director name: Beatty,Kevin
Amount sold: 604,854 @ 1,080.00p
Value: £6,532,423.32

Daily Mail And General Trust A (non.v) (DMGT)
Director name: Collier,Tim
Amount sold: 452,259 @ 1,080.00p
Value: £4,884,397.29

Aj Bell (AJB)
Director name: Stott,Roger
Amount sold: 10,419 @ 379.60p
Value: £39,550.52