Director dealings: Team chairman, Invesco UK fund non-exec buy shares

Two of the top director dealings disclosed to the market in London on Tuesday involved insiders at Team and the Invesco Perpetual UK Smaller Companies Investment Trust.

The AIM-traded Team announced that its executive chairman Mark Clubb purchased 117,977 ordinary shares in the company at an average price of 11.53p per share.

It said the transactions, carried out on 3 January and 6 January, included three tranches - 110,000 shares at 11.5p each, 5,000 shares at 11.91p each, and 2,977 shares at 11.91p each.

Following the purchases, Clubb now held a total of 4,160,000 shares, representing 8.43% of Team’s issued share capital.

The transactions were executed on the London Stock Exchange.

Separately, Invesco Perpetual UK Smaller Companies Investment Trust disclosed that its non-executive Director Mike Prentis acquired 5,161 ordinary shares on 7 January.

The shares were purchased at a price of 385.35p per share, amounting to a total consideration of £19,887.91.

That transaction was also conducted on the London Stock Exchange.

At 1412 GMT, shares in Team were up 4.35% at 12p, while those in the Invesco Perpetual UK Smaller Companies Investment Trust were down 0.96% at 382.3p.

Reporting by Josh White for Sharecast.com.