(Sharecast News) - Among the insider dealings disclosed to the market in London on Thursday, Town Centre Securities executive director Ben Ziff sold and immediately repurchased shares as part of personal estate planning, while Beazley directors Paul Bantick and Adrian Cox exercised or vested share awards and sold stock to cover tax obligations.
Town Centre Securities said Ziff sold 120,500 ordinary shares on 20 May at 115p each and immediately bought back the same number of shares at the same price.
The matched transactions, carried out outside a trading venue, each had a value of 138,575.
The company said Ziff's holding remained unchanged at 783,638 shares, representing 1.9% of its issued share capital.
The Ziff Concert Party's holding also remained unchanged at 56.6% of the total issued share capital.
Separately, Beazley said director Paul Bantick exercised 105,517 nil-cost options under the insurer's long-term incentive plan, relating to awards granted on 19 May 2023.
He sold 49,718 shares at 1,279.399p each on the London Stock Exchange to satisfy tax and national insurance contributions, raising about 636,092.
Beazley also said director Adrian Cox had 32,307 deferred share awards vest under the company's deferred share plan, also relating to 19 May 2023 awards.
Cox sold 15,223 shares at the same price to meet tax and national insurance liabilities, raising about 194,763.
At 1246 BST, shares in Town Centre Securities were down 8.06% at 114p, while those in Beazley were off 0.08% at 1,281p.
Reporting by Josh White for Sharecast.com.
Top Director Buys
Town Centre Securities (TOWN)
Director name: Ziff,Ben
Amount purchased: 120,500 @ 115.00p
Value: 138,575.00
Quilter (QLT)
Director name: Ross ,Andrew
Amount purchased: 27,100 @ 185.90p
Value: 50,379.71
Autotrader Group (AUTO)
Director name: Davies ,Matt
Amount purchased: 5,532 @ 451.90p
Value: 24,999.11
Autotrader Group (AUTO)
Director name: James,Amanda
Amount purchased: 5,477 @ 453.97p
Value: 24,863.94
Integrafin Holding (IHP)
Director name: Marshall,Euan
Amount purchased: 5,000 @ 324.67p
Value: 16,233.50
The Mission Group (TMG)
Director name: Kempster,Jon
Amount purchased: 68,852 @ 15.26p
Value: 10,506.82
Neo Energy Metals (NEO)
Director name: Sabur,Sajjad
Amount purchased: 982,349 @ 1.01p
Value: 9,946.28
Neo Energy Metals (NEO)
Director name: Sabur,Sajjad
Amount purchased: 780,023 @ 1.02p
Value: 7,956.23
Ncc Group (NCC)
Director name: Maddison ,Mike
Amount purchased: 121 @ 136.40p
Value: 165.04
Ncc Group (NCC)
Director name: Ellis,Guy
Amount purchased: 121 @ 136.40p
Value: 165.04
Top Director Sells
Glanbia (cdi) (GLB)
Director name: Garvey,Mark
Amount sold: 48,998 @ 20.56
Value: 1,007,616.42
Glanbia (cdi) (GLB)
Director name: McGuire ,Hugh
Amount sold: 43,956 @ 2,061.28p
Value: 1,005,721.43
Beazley (BEZ)
Director name: Cox ,Adrian
Amount sold: 15,223 @ 1,279.40p
Value: 194,762.91
Town Centre Securities (TOWN)
Director name: Ziff,Ben
Amount sold: 120,500 @ 115.00p
Value: 138,575.00