Just Retirement directors increase stake ahead of merger

Several of Just Retirement Group’s directors couldn’t resist snapping up a bigger portion of the company ahead of its merger with Partnership Assurance Group.

The FTSE 250 company completed its open offer and placing on Wednesday, and on Thursday announced that chairman Tom Cross Brown, chief executive Rodney Cook, finance director Simon Thomas, and chief actuary Shayne Deighton had all increased their stake, along with a handful of other directors.

Brown was the biggest backer of the merger, investing over £0.11m in the company.

When the merger is complete, Just Retirement Group shareholders will hold 60% of the capital in the new JRP Group.

Top Director Buys

Just Retirement Group (JRG)

Director name: Mr Tom Cross Brown

Amount purchased: 69,946 @ 159.00p

Value: £111,214

Just Retirement Group (JRG)

Director name: Mr Rodney Cook

Amount purchased: 63,200 @ 159.00p

Value: £100,488

Capital & Regional (CAL)

Director name: Mr Tony Hales

Amount purchased: 100,000 @ 66.70p

Value: £66,700

Just Retirement Group (JRG)

Director name: Mr Simon Thomas

Amount purchased: 25,200 @ 159.00p

Value: £40,068

Just Retirement Group (JRG)

Director name: Mr Shayne Deighton

Amount purchased: 10,000 @ 159.00p

Value: £15,900

Mercantile Investment Trust (The) (MRC)

Director name: Mr Jeremy Tigue

Amount purchased: 910 @ 1,665.00p

Value: £15,152

Top Director Sells

Polypipe Group (PLP)

Director name: Mr Peter David Shepherd

Amount sold: 131,482 @ 315.55p

Value: £414,891

Tristel (TSTL)

Director name: Mr Paul Christopher Swinney

Amount sold: 250,000 @ 109.00p

Value: £272,500