Director dealings: Time Out chairman raises stake

Time Out Group revealed on Friday that chairman Peter Dubens had acquired 2.29m ordinary shares in the AIM-listed media business.

Dubens, who joined the group in November 2010, purchased the shares at an average price of 35.0p each, for a total value of £803,151.99.

In late May, Time Out said it plans to raise up to £45m in a placing to strengthen its balance sheet in the wake of the coronavirus pandemic.

The company also announced it was looking to raise £4m in an open offer. In both cases, the shares will be issued at 35p each.

As of 1645 BST, Time Out shares were down 6.02% at 39p.

Top Director Buys

Time Out Group (TMO)
Director name: Daiches Dubens,Peter Adam
Amount purchased: 2,294,720 @ 35.00p
Value: £803,151.99

Danakali Limited Npv (DNK)
Director name: Cornelius,Seamus
Amount purchased: 2,989,728 @ $0.47
Value: $735,840.93

Hummingbird Resources (HUM)
Director name: Hill ,Thomas
Amount purchased: 25,000 @ 2,587.00p
Value: £646,750.02

Ultra Electronics Holdings (ULE)
Director name: Rice,Tony
Amount purchased: 5,000 @ 2,052.20p
Value: £102,610.00

Aberdeen Standard Equity Income Trust (ASEI)
Director name: Burns,Richard
Amount purchased: 20,000 @ 269.90p
Value: £53,980.00

Rotork (ROR)
Director name: Davis,Jonathan
Amount purchased: 52 @ 288.86p
Value: £150.21

Rotork (ROR)
Director name: Hostetler,Kevin
Amount purchased: 52 @ 288.86p
Value: £150.21

Top Director Sells

Xp Power Ltd. (di) (XPP)
Director name: Penny,Duncan
Amount sold: 60,750 @ 3,514.00p
Value: £2,134,754.96

Burberry Group (BRBY)
Director name: Brown,Julie
Amount sold: 35,103 @ 1,567.50p
Value: £550,239.53

Burberry Group (BRBY)
Director name: Brown,Julie
Amount sold: 1,903 @ 1,567.00p
Value: £29,820.01