Director dealings: Jardines ex-MD makes $26m 'family estate' deals

Jardine Matheson hogged the limelight on both sides of director dealings on Friday, as its former managing director was attached to a disposal and a purchase worth more than $26m.

The company said veteran Hong Kong businessman Anthony Nightingale, who has remained a non-executive director since retiring as managing director in 2012, made the transactions for “family estate planning”.

It said a total of 450,000 shares were sold for a price of $58.50, and 450,000 were purchased for the same price, valuing each side of the transaction at $26,325,000 (£19,953,428.62).

Elsewhere, Symphony International disclosed a director purchase worth almost $0.2m on Friday, after a director made a market purchase.

The company said Anil Thadani bought 459,531 shares on Wednesday, at a price of 42 US cents each, valuing the purchase at $191,302.75 (£145,115.57).

Thadani is the chairman of Symphony’s investment manager, the Singapore-domiciled Symphony Asia Holdings.

On the selling side of things, Robert Walters reported well over £1m in director transactions, as two of its executives exercised options and immediately sold the shares.

The recruitment specialist said its chief financial officer Alan Bannatyne exercised options in two tranches - 200,000 at a price of 353p each, and 10,000 at 211p apiece.

Chief executive officer Robert Walters, meanwhile, exercised a single tranche of options, netting himself 150,000 shares at an exercise price of 353p.

Both Bannatyne and Walters sold the shares at a price of 650p, earning Bannatyne £1.3m and £65,000 for his respective tranches, and Walters £975,000 for his new holding.

After the exercise and sale, the firm said Robert Walters had a 2.92% holding in the company and Alan Bannatyne a 0.91% share - both unchanged from their previous shareholdings.

Top Director Buys

Jardine Matheson Holdings Ltd (singapore Reg) (JAR)
Director name: Liddell Nightingale,Anthony John
Amount purchased: 450,000 @ $58.50
Value: $26,325,000.00

Symphony International Holdings Ltd. (SIHL)
Director name: Thadani,Anil
Amount purchased: 459,531 @ $0.42
Value: $191,302.75

Chamberlin (CMH)
Director name: Brown,Trevor
Amount purchased: 700,000 @ 4.88p
Value: £34,160.00

Gamma Communications (GAMA)
Director name: Last,Richard
Amount purchased: 1,500 @ 1,326.44p
Value: £19,896.60

Taylor Wimpey (TW.)
Director name: Carney,Chris
Amount purchased: 11,393 @ 143.35p
Value: £16,331.87

Pz Cussons (PZC)
Director name: Juarez,Valeria
Amount purchased: 7,500 @ 195.00p
Value: £14,625.00

Convatec Group (CTEC)
Director name: O'Keefe,Sharon
Amount purchased: 3,200 @ $2.88
Value: $7,586.38

Centrica (CNA)
Director name: Rudd ,Amber
Amount purchased: 2,279 @ 82.28p
Value: £1,875.20

Spirent Communications (SPT)
Director name: Bell,Paula
Amount purchased: 50 @ 248.40p
Value: £124.20

Top Director Sells

Jardine Matheson Holdings Ltd (singapore Reg) (JAR)
Director name: Liddell Nightingale,Anthony John
Amount sold: 450,000 @ $58.50
Value: $26,325,000.00

Robert Walters (RWA)
Director name: Bannatyne,Alan
Amount sold: 200,000 @ 650.00p
Value: £1,300,000.00

Wheaton Precious Metals Corp.npv (cdi) (WPM)
Director name: Smallwood,Randy V. J.
Amount sold: 35,000 @ $61.14
Value: $1,265,989.02

Wheaton Precious Metals Corp.npv (cdi) (WPM)
Director name: Smallwood,Randy V. J.
Amount sold: 35,000 @ $60.68
Value: $1,256,501.38

Robert Walters (RWA)
Director name: Walters,Robert C
Amount sold: 150,000 @ 650.00p
Value: £975,000.00

Robert Walters (RWA)
Director name: Bannatyne,Alan
Amount sold: 10,000 @ 650.00p
Value: £65,000.00

Bodycote (BOY)
Director name: Harris,Stephen C
Amount sold: 8,576 @ 657.00p
Value: £56,344.32

Wheaton Precious Metals Corp.npv (cdi) (WPM)
Director name: Brough,John A.
Amount sold: 955 @ $61.52
Value: $34,758.11

Taylor Wimpey (TW.)
Director name: Carney,Chris
Amount sold: 11,460 @ 143.25p
Value: £16,416.45

Thungela Resources Limited Npv (di) (TGA)
Director name: French,Seamus Gerard
Amount sold: 401 @ 865.00p
Value: £3,468.65