Director dealings: Non-exec linked to CentralNic purchase, LSE make another buyback

On the buying side of the ledger on Monday was CentralNic Group, which disclosed that Kestrel Partners had bought more than 70,000 shares.

The company said it was told on 16 June that Kestrel purchased 72,000 shares on behalf of its discretionary client accounts.

Kestrel paid 117.1289p for each share, valuing the transaction at a total of £84,332.808.

CentralNic said its non-executive directory, Max Royde, is a partner of, and has a beneficial interest in Kestrel Partners, and is also a shareholder in the similarly-named Kestrel Opportunities.

Following this transaction, Kestrel Opportunities held, and thus Royde was deemed to have a beneficial interest in, 17,926,535 CentralNic shares, and other clients of Kestrel in which Royde had no beneficial interest held 48,631,125 shares.

On a combined basis, Kestrel indirectly held voting rights over 66,557,660 of the firm’s shares, representing 23.48% of its issued share capital.

London Stock Exchange Group was meanwhile once again on the selling side of things, as its post-Refinitiv share buyback continued.

The company said York Holdings II sold back another 9,178 shares on 16 June, in a single transaction on the London Stock Exchange.

It received 8,766.43p for each share, giving the sale a value of £804,582.95.

LSE Group director Martin Brand is also a director of York Holdings II, which is understood to be part of the structure owning the consideration shares paid by the exchange operator when its acquisition of Refinitiv from Thomson Reuters and Blackstone was completed.

At 1254 BST, shares in London Stock Exchange Group were down 0.5% at 8,676p, while those in CentralNic Group were ahead 0.35% at 115.8p.

Reporting by Josh White for Sharecast.com.