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Director dealings: S&U discloses director sale-and-purchase, Bytes CEO sells £2.55m of shares

Mon 17 January 2022 15:39 | A A A

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(Sharecast News) - Motor finance specialist S&U disclosed a sale-and-purchase of its shares on Monday, involving chairman Anthony Coombs and deputy chairman Graham Coombs.

The London-listed firm said Anthony had sold 15,000 shares for 2,700p each, netting him a gross total of £0.41m.

It said he sold those shares to Grevayne Properties - a company which lists both Anthony and Graham as directors.

As a result, Anthony Coombs' ownership of S&U was reduced to 1,277,609 shares from a previous 1,292,609 shares.

At the same time, Grevayne Properties and its pension fund - a party connected to both Anthony and Graham Coombs - now held 318,323 shares in the firm, up from a previous 303,323.

On top of the sellers' list, meanwhile, was Bytes Technology chief executive officer Neil Murphy, with the company disclosing the sale of half a million shares.

The FTSE 250 firm said Murphy sold 500,000 shares on the open market at 510p each, valuing the transaction at a gross £2.55m.

It said the sale was for Murphy's personal tax and estate planning purposes.

"Following the sale, he will retain a beneficial holding of 3,690,941 ordinary shares, representing 1.54% of the ordinary issued share capital of the company," Bytes said in its regulatory filing.

"The company will not receive any proceeds from the sale."

At 1532 GMT, shares in S&U were down 0.74% at 2,680p, while those in Bytes Technology Group were 0.39% weaker at 511p.

Top Director Buys

S&u (SUS)

Director name: Coombs,Anthony M V

Amount purchased: 15,000 @ 2,700.00p

Value: £405,000.00

Ten Lifestyle Group (TENG)

Director name: Weatherill,Bruce

Amount purchased: 105,460 @ 115.79p

Value: £122,112.13

Scotgold Resources (di) (SGZ)

Director name: Hetherington,Peter G

Amount purchased: 150,000 @ 75.77p

Value: £113,655.00

Fd Technologies Public Limited Company (FDP)

Director name: Keating ,Seamus

Amount purchased: 5,700 @ 1,735.00p

Value: £98,895.00

Uls Technology (ULS)

Director name: Scott,Oliver Rupert Andrew

Amount purchased: 27,000 @ 82.47p

Value: £22,265.98

Phoenix Group Holdings (PHNX)

Director name: Lyons,Nicholas

Amount purchased: 2,950 @ 686.29p

Value: £20,245.55

Fd Technologies Public Limited Company (FDP)

Director name: Preston,Ryan

Amount purchased: 1,140 @ 1,740.00p

Value: £19,836.00

Schroder Real Estate Investment Trust Ltd (SREI)

Director name: Baldry,Lorraine

Amount purchased: 1,451 @ 53.50p

Value: £776.29

Uls Technology (ULS)

Director name: Scott,Oliver Rupert Andrew

Amount purchased: 150 @ 82.20p

Value: £123.30

Top Director Sells

Bytes Technology Group (BYIT)

Director name: Murphy,Neil

Amount sold: 500,000 @ 510.00p

Value: £2,549,999.95

S&u (SUS)

Director name: Coombs,Anthony M V

Amount sold: 15,000 @ 2,700.00p

Value: £405,000.00

Phoenix Group Holdings (PHNX)

Director name: Lyons,Nicholas

Amount sold: 2,950 @ 686.20p

Value: £20,242.90

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