Director dealings: Melrose directors invest after better-than-expected results

Melrose Industries found itself with several entries on the list of buyers on Thursday, disclosing four purchases made by its chairman and three non-executive directors.

The transactions were all on the London Stock Exchange on Thursday - the same day the FTSE 250 engineering giant reported results ahead of expectations, and raised its dividend.

It said its non-executive chairman Justin Dowley bought 75,000 shares at a price of 132.26p each, spending a total of £99,195.

Following that, he had an interest in 1,499,480 of its shares, representing 0.03429% of its issued share capital.

Non-executive director Liz Hewitt bought 37,000 shares for 136.51p each, spending £50,508.70, meaning she now had an interest in 227,239 shares, or 0.0052% of Melrose’s issued share capital.

David Lis, another non-executive director, bought 35,000 shares at a price of 133.25p each, spending £46,637.50.

As a result, Lis now had an interest in 448,052 Melrose shares, or 0.01025% of its issued capital.

Finally, non-executive director Victoria Jarman bought 20,000 shares for 134.34p each, making for a total transaction value of £26,868.

Following that, Melrose said Jarman held an interest in 33,500 shares, representing just 0.00077% of its issued share capital.

Top Director Buys

Uniphar (cdi) (UPR)
Director name: Hogan,Paul
Amount purchased: 42,098 @ 3.40
Value: 128,948.83

Melrose Industries (MRO)
Director name: Dowley,Justin
Amount purchased: 75,000 @ 132.26p
Value: £99,195.00

Oxford Biodynamics (OBD)
Director name: Diggle,Stephen Charles
Amount purchased: 400,000 @ 22.20p
Value: £88,800.00

Abrdn (ABDN)
Director name: Bruce,Stephanie
Amount purchased: 40,000 @ 199.40p
Value: £79,760.00

Tyman (TYMN)
Director name: Withers,Paul
Amount purchased: 20,000 @ 355.00p
Value: £71,000.00

Hyve Group (HYVE)
Director name: Shashoua,Mark
Amount purchased: 100,000 @ 60.17p
Value: £60,167.30

Melrose Industries (MRO)
Director name: Hewitt,Liz
Amount purchased: 37,000 @ 136.51p
Value: £50,508.70

Melrose Industries (MRO)
Director name: Lis,David
Amount purchased: 35,000 @ 133.25p
Value: £46,637.50

Hyve Group (HYVE)
Director name: Last,Richard
Amount purchased: 61,000 @ 60.00p
Value: £36,600.00

Oxford Biodynamics (OBD)
Director name: Diggle,Stephen Charles
Amount purchased: 143,997 @ 22.40p
Value: £32,255.33

Scancell Holdings (SCLP)
Director name: Diggle ,Martin
Amount purchased: 250,000 @ 12.00p
Value: £30,000.00

Hikma Pharmaceuticals (HIK)
Director name: Hurt,Douglas
Amount purchased: 1,500 @ 1,954.00p
Value: £29,310.00

Pci-pal (PCIP)
Director name: Good,William
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00

Melrose Industries (MRO)
Director name: Jarman ,Victoria
Amount purchased: 20,000 @ 134.34p
Value: £26,868.00

Sthree (STEM)
Director name: Beach,Andrew
Amount purchased: 6,237 @ 414.00p
Value: £25,821.18

Hyve Group (HYVE)
Director name: Last,Richard
Amount purchased: 35,000 @ 60.00p
Value: £21,000.00

Enteq Technologies (NTQ)
Director name: Law,Andrew
Amount purchased: 142,850 @ 14.00p
Value: £19,999.00

Premier Foods (PFD)
Director name: Jones,Helen
Amount purchased: 10,000 @ 106.20p
Value: £10,620.00

Uls Technology (ULS)
Director name: Scott,Oliver Rupert Andrew
Amount purchased: 12,000 @ 74.63p
Value: £8,956.00

Hyve Group (HYVE)
Director name: Last,Richard
Amount purchased: 4,000 @ 60.00p
Value: £2,400.00

British American Tobacco (BATS)
Director name: Marroco,Tadeu
Amount purchased: 5 @ 3,243.26p
Value: £162.16

Top Director Sells

Uniphar (cdi) (UPR)
Director name: Rabbette,Gerard
Amount sold: 174,626 @ 335.00p
Value: £584,997.08

Uniphar (cdi) (UPR)
Director name: Dolphin,Timothy
Amount sold: 116,417 @ 335.00p
Value: £389,996.94

Wincanton (WIN)
Director name: Wroath,James
Amount sold: 18,040 @ 360.00p
Value: £64,944.00