Menu Menu Menu Login Login Log in Search Search Search

Director dealings: GlobalData chief offloads 1.7m shares due to 'institutional demand'

Fri 06 October 2017 12:17 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(ShareCast News) - GlobalData chief executive Michael Danson sold 1,700,000 ordinary shares of the business information and services firm's stock on Friday at an average price of 540p, for a total value of £9,180,000.

GlobalData said Danson had chosen to sell the shares, equating to roughly 1.7% of the company's issued share capital, due to "increased institutional demand."

Danson, one of GlobalData's co-founders, was still in possession of 69,604,325 ordinary shares - just over 68% of the firm's equity - after the placing.

Settlement of the placing was expected to take place on 20 October and would be managed by N+1 Singer.

The company said it would not receive any proceeds as a result of the placing.

In its unaudited interim report for the six months leading up to 30 June GlobalData announced "strong revenue growth" as its business model was said to be progressing well.

The group increased its revenue by 23% to £57.9m, turning its 2016 pre-tax loss of £1.3m into a £8,000 profit.

At the time, Bernard Cragg, executive chairman of GlobalData, said "We are beginning to see the benefits of scale and consistency. The half-year results reflect the good progress we have made in developing our business model, the fundamentals of which are robust, profitable and engineered for long-term growth."

As of 1630 BST, GlobalData shares had dropped 5.07% to 541.08p.

Top Director Buys

Best Of The Best (BOTB)

Director name: Garton,Rupert

Amount purchased: 10,000 @ 340.00p

Value: £34,000.00

Aviva (AV.)

Director name: Cross,Patricia

Amount purchased: 2,609 @ 498.48p

Value: £13,005.29

Rainbow Rare Earths Limited Npv (RBW)

Director name: Wynn,Jim

Amount purchased: 83,250 @ 12.00p

Value: £9,990.00

Rainbow Rare Earths Limited Npv (RBW)

Director name: Eales,Martin

Amount purchased: 75,000 @ 12.62p

Value: £9,465.00

Grainger (GRI)

Director name: Gordon,Helen

Amount purchased: 114 @ 267.50p

Value: £304.95

Cmc Markets (CMCX)

Director name: Foley,Grant

Amount purchased: 182 @ 165.77p

Value: £301.70

Grainger (GRI)

Director name: Simms,Vanessa

Amount purchased: 112 @ 267.50p

Value: £299.60

Cmc Markets (CMCX)

Director name: Fineberg,David

Amount purchased: 180 @ 165.77p

Value: £298.39

Alliance Trust (ATST)

Director name: Sternberg,Karl

Amount purchased: 32 @ 726.77p

Value: £232.56

Mj Gleeson (GLE)

Director name: Harrison,Jolyon

Amount purchased: 30 @ 676.00p

Value: £202.80

Mj Gleeson (GLE)

Director name: Allanson ,Stefan

Amount purchased: 30 @ 676.00p

Value: £202.80

Avon Rubber (AVON)

Director name: Keveth,Nick

Amount purchased: 16 @ 934.50p

Value: £149.52

Close Brothers Group (CBG)

Director name: Etherington,Rebekah

Amount purchased: 10 @ 1,475.00p

Value: £147.50

Close Brothers Group (CBG)

Director name: Prebensen,Preben

Amount purchased: 10 @ 1,475.00p

Value: £147.50

Judges Scientific (JDG)

Director name: Ormsby,Bradley Leonard

Amount purchased: 7 @ 2,106.00p

Value: £147.42

Judges Scientific (JDG)

Director name: Cicurel,David

Amount purchased: 7 @ 2,106.00p

Value: £147.42

Sainsbury (j) (SBRY)

Director name: Rogers,John

Amount purchased: 48 @ 243.40p

Value: £116.83

Mission Marketing Group (TMMG)

Director name: William Morgan,David

Amount purchased: 242 @ 33.97p

Value: £82.22

Mission Marketing Group (TMMG)

Director name: Fitzwilliam,Peter

Amount purchased: 236 @ 33.97p

Value: £80.18

Mission Marketing Group (TMMG)

Director name: Lee,Giles

Amount purchased: 235 @ 33.97p

Value: £79.84

Top Director Sells

Globaldata (DATA)

Director name: Danson,Michael

Amount sold: 1,700,000 @ 540.00p

Value: £9,180,000.16

Close Brothers Group (CBG)

Director name: Lee,Elizabeth

Amount sold: 32,520 @ 1,468.00p

Value: £477,393.61

Bunzl (BNZL)

Director name: May,Brian

Amount sold: 9,670 @ 2,303.00p

Value: £222,700.11

Wetherspoon (j.d.) (JDW)

Director name: Connor ,Nigel

Amount sold: 546 @ 1,236.55p

Value: £6,751.56

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.