Date: Monday 17 Sep 2012
Marks & Spencer's departing Head of Clothing Kate Bostock has taken advantage of recent bid speculation to sell shares in the company at 371.60p on Friday.
In recent weeks there has been on-going speculation that private equity titan CVC Capital Partners is considering a takeover offer for the High Street group.
It is thought that CVC is looking at a bid and has approached executives both inside and outside the firm “about a possible management role under private equity control,” according to Bloomberg which has spoken to unnamed sources close the matter.
Bostock, who is leaving the company by mutual consent on October 1st to pursue other interests, disposed of 249,627 shares for a total of £927,614, reducing her stake in the company to just 64,526 shares.
Randgold Resources' Chief Financial Officer and Financial Director, Graham Shuttleworth, traded in a bunch of shares in the mining company on Friday, the same day broker Nomura said it sees better value elsewhere, rating it as 'reduce' with a price target of 6,815p.
Shuttleworth sold 9,000 at 7,485.00p for a total of £673,650, lowering his shareholding to 39,938, or 0.04% of the issued share capital.
Top Director Buys
Director name: Mr Robert Jenkins
Amount purchased: 50,000 @ 112.00p
Murray Income Trust (MUT)
Director name: Ms Jean Park
Amount purchased: 3,000 @ 684.60p
Redhall Group (RHL)
Director name: Mr Richard Shuttleworth
Amount purchased: 30,000 @ 63.60p
Westhouse Holdings (WHL)
Director name: Mr Garth Milne
Amount purchased: 75,000 @ 16.00p
Allanfield Group (ALF)
Director name: Mr Darryl Noik
Amount purchased: 15,000 @ 70.00p
Top Director Sells
Jardine Matheson Holdings Ltd (Singapore) (JAR)
Director name: Mr Peter James Holland Riley
Amount sold: 50,000 @ $54.41
Marks & Spencer Group (MKS)
Director name: Mrs Kate Bostock
Amount sold: 249,627 @ 371.60p
Randgold Resources Ltd. (RRS)
Director name: Mr Graham Shuttleworth
Amount sold: 9,000 @ 7,485.00p
Premier Oil (PMO)
Director name: Mr Robin Allan
Amount sold: 149,303 @ 383.20p
Director name: Mr Robert Gray
Amount sold: 29,026 @ 721.82p
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