Vodafone bosses buy company shares after Liberty Global deal called off

The telecommunications giant announced on Monday that it is no longer in discussions with Liberty Global regarding a possible exchange of selected assets between the two companies. That sent the share price plunging.

But while investors may have lost a bit of confidence, Vodafone chief executive Vittario Colao and chief financial officer Nick Read have publicly backed the company by purchasing 260,000 and 180,000 shares respectively.

Meanwhile, IG Group Holdings’ Christopher Hill has dumped nearly half his stake in the company. The chief financial officer sold 38,524 shares, taking home a nice bonus of just over £0.3m.

Top Director Buys

Vodafone Group (VOD)

Director name: Mr Vittario Colao

Amount purchased: 260,000 @ 209.05p

Value: £543,530

Vodafone Group (VOD)

Director name: Mr Nick Read

Amount purchased: 180,000 @ 209.05p

Value: £376,290

Horizonte Minerals (HZM)

Director name: Dr. Owen Bavinton

Amount purchased: 2,000,000 @ 2.00p

Value: £40,000

BlackRock Commodities Income Inv Trust (BRCI)

Director name: Dr Carol Bell

Amount purchased: 33,500 @ 58.20p

Value: £19,497

Fidelity Special Values (FSV)

Director name: Mr Nigel Foster

Amount purchased: 10,000 @ 193.18p

Value: £19,318

Flowgroup (FLOW)

Director name: Ms Clare Spottiswoode

Amount purchased: 143,500 @ 10.60p

Value: £15,211

Personal Group Holdings (PGH)

Director name: Mr Mike Dugdale

Amount purchased: 2,910 @ 522.60p

Value: £15,208

Top Director Sells

IG Group Holdings (IGG)

Director name: Mr Christopher Hill

Amount sold: 38,524 @ 779.00p

Value: £300,102