Director dealings: Melrose Industries non-exec buys 17k shares

Two prominent insider dealings disclosed to the market on Wednesday involved directors at FTSE 100 defence technology specialist Melrose Industries, and the AIM-traded Property Franchise Group.

At Melrose Industries, non-executive director Ian Barkshire purchased 17,000 shares at 442p each on 21 October.

The transaction marked his first acquisition of shares in the company, giving him a 0.0013% stake in its issued share capital, excluding treasury shares.

Melrose said the purchase was conducted on the open market in London.

At the Property Franchise Group, executive director Michelle Brook sold 150,000 shares at 415p apiece, also on 21 October.

The sale reduced her beneficial holding to 241,716 shares.

Like Barkshire’s purchase, Brook’s transaction took place on the London Stock Exchange.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Melrose Industries (MRO)
Director name: Barkshire,Ian
Amount purchased: 17,000 @ 442.00p
Value: £75,140.00

System1 Group (SYS1)
Director name: Bona,Conrad
Amount purchased: 2,305 @ 628.90p
Value: £14,496.15

Montanaro European Smaller Companies Trust (MTE)
Director name: Roxburgh,Caroline
Amount purchased: 6,855 @ 145.00p
Value: £9,939.75

Top Director Sells

Property Franchise Group (TPFG)
Director name: Brook,Michelle
Amount sold: 150,000 @ 415.00p
Value: £622,500.01