DMGT chairman Lord Rothermere offloads £26.6m in shares
Jonathan Harmsworth, the chairman of the Daily Mail and General Trust, has sold off a sizeable chunk of his stake in the newspaper and media business, the company said on Friday.
Daily Mail and General Trust A (Non.V)
270.00p
16:40 07/01/22
Media
11,717.59
17:09 25/04/24
Harmsworth, better known as Lord Rothermere who inherited the chairmanship of DMGT in 1998 when his father passed away, sold off 2.8m shares at 950p each, raising a total of £26.6m.
The sale of the 0.82% stake in the company was "to finance a property transaction", DMGT said.
Harmsworth's move, which came after a 16.4% jump in the stock since the start of the year, left him with just over 61.5m shares, equal to a 18.011% holding.
Shares in DMGT had risen sharply on Thursday after the company beat forecasts with a less-than-expected 6% decline in operating profits in the first half to £150m, compared with analysts' estimates of around £138m.
It also said earnings per share for the full year would be "above market expectations" due to a reduce tax charge.
Top Director Buys
Intu Properties (INTU)
Director name: Mr John Whittaker
Amount purchased: 925,000 @ 351.00p
Value: £3,246,750
Intu Properties (INTU)
Director name: Mr John Whittaker
Amount purchased: 877,500 @ 350.00p
Value: £3,071,250
Intu Properties (INTU)
Director name: Mr John Whittaker
Amount purchased: 105,500 @ 350.00p
Value: £369,250
Development Securities (DSC)
Director name: Mr Michael H Marx
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Value: £116,601
Kaz Minerals (KAZ)
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Homeserve (HSV)
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Stock Spirits Group (STCK)
Director name: Mr David Maloney
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Value: £28,575
Development Securities (DSC)
Director name: Mr Matthew Weiner
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Value: £22,526
Development Securities (DSC)
Director name: Mr Richard Upton
Amount purchased: 6,950 @ 256.56p
Value: £17,831
Synety Group (SNTY)
Director name: Mr Simon Cleaver
Amount purchased: 17,182 @ 87.00p
Value: £14,948
Top Director Sells
Daily Mail and General Trust A (Non.V) (DMGT)
Director name: The Viscount Rothermere
Amount sold: 2,800,000 @ 950.00p
Value: £26,600,000
OneSavings Bank (OSB)
Director name: Mr Stephan Wilcke
Amount sold: 2,000,000 @ 298.66p
Value: £5,973,200
Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)
Director name: Mr Adam Phillip Charles Keswick
Amount sold: 50,200 @ $60.73
Value: $3,048,711
Jardine Matheson Holdings Ltd (Singapore Reg) (JAR)
Director name: Mr E P K Weatherall
Amount sold: 22,800 @ $60.73
Value: $1,384,660
Vesuvius (VSVS)
Director name: Mr Chris O’Shea
Amount sold: 60,000 @ 456.00p
Value: £273,600
IP Group (IPO)
Director name: Mr Alan John Aubrey
Amount sold: 15,886 @ 213.80p
Value: £33,964
IP Group (IPO)
Director name: Mr Mike Townend
Amount sold: 10,590 @ 213.80p
Value: £22,641
IP Group (IPO)
Director name: Mr Greg Smith
Amount sold: 7,498 @ 213.80p
Value: £16,031