Director dealings: Mike Ashley settles 250k Frasers options, RS Group CEO invests

Frasers Group found itself on both sides of the ledger on Wednesday, after Mike Ashley settled a quarter-million share put option transaction.

The owner of the House of Fraser and Sports Direct nameplates said Ashley had sold put options over 250,000 shares at a strike price of 900p and an expiry of September, valuing that at £2.25m.

It said he exercised those put options, and settled them through the purchase of derivatives equivalent to 250,000 shares at a price of 901p apiece, valuing the buy at £2.252m.

Ashley also purchased further derivatives equivalent to 100,000 Frasers Group shares, for 717.65p each, spending £0.72m in that transaction.

Elsewhere, RS Group disclosed two purchases made by its chief executive officer, totalling 31,000 of its shares.

It said Simon Pryce first bought 29,000 shares for 803.55p each, for a total transaction value of £233,030.86.

In the second transaction, Pryce picked up a further 2,000 shares for 792.6p apiece, spending £15,851.93 in the process.

Both transactions took place on the London Stock Exchange on 23 May.

At 1307 BST, shares in Frasers Group were down 0.98% at 710p, while those in RS Group were off 0.5% at 789.2p.

Reporting by Josh White for Sharecast.com.

DIRECTOR SELLS

Company: Frasers Group
Name: Michael Ashley
Volume: 250,000
Price: 900p
Value: £2,250,000.00

Company: London Stock Exchange Group
Name: York Holdings II
Volume: 4,006
Price: 8,478.94p
Value: £339,666.34

Company: Diversified Energy Company
Name: Bradley Gray
Volume: 250,000
Price: 95.65p
Value: £239,125.00

Company: Compass Group
Name: Robin Mills
Volume: 10,000
Price: 2,229.98p
Value: £222,998.00

DIRECTOR BUYS

Company: Frasers Group
Name: Michael Ashley
Volume: 250,000
Price: 901p
Value: £2,252,500.00

Company: Frasers Group
Name: Michael Ashley
Volume: 100,000
Price: 717.65p
Value: £717,645.30

Company: RS Group
Name: Simon Pryce
Volume: 29,000
Price: 803.55p
Value: £233,030.86

Company: C&C Group
Name: Patrick McMahon
Volume: 20,000
Price: 132p
Value: £26,400.00

Company: RS Group
Name: Simon Pryce
Volume: 2,000
Price: 792.6p
Value: £15,851.93