Arrow Global executives sell up as IPO lock-up expires

13th Oct 2015 16:38

(ShareCast News) - Arrow Global Group's executive team have all sold up a portion of their stake in the company following the expiry of the two year initial public offering (IPO) lock-up.In total, 8.1m shares of the debt collection agency were sold through Jefferies International via an accelerated book-build placing.The sale, which netted chief executive Tom Drury and his wife Jane nearly £4.8m, was part of a planned rebalancing of the directors' personal portfolios.The seven directors and connected persons still hold an 8.71% share in the company.Drury, chief financial officer Robert Memmott and chief information officer and founder Zachary Lewy have agreed that they will not dispose of any more shares in the company for at least three months.Top Director BuysOvoca Gold (OVG)Director name: Mr Kirill Andreyevich GolovanovAmount purchased: 4,600,000 @ 5.40pValue: £248,400 Porta Communications (PTCM)Director name: Mr David E WrightAmount purchased: 714,285 @ 7.00pValue: £50,000 Arrow Global Group (ARW)Director name: Ms Lan TuAmount purchased: 19,800 @ 250.00pValue: £49,500 Porta Communications (PTCM)Director name: Mr Eugene (Gene) GolembiewskiAmount purchased: 643,000 @ 7.00pValue: £45,010 Polar Capital Technology Trust (PCT)Director name: Mr Rupert MontaguAmount purchased: 4,000 @ 546.50pValue: £21,860 Witan Inv Trust (WTAN)Director name: Mr Robert W BoyleAmount purchased: 1,986 @ 762.49pValue: £15,143 Top Director SellsArrow Global Group (ARW)Director name: Mr Tom DruryAmount sold: 956,431 @ 250.00pValue: £2,391,078 Arrow Global Group (ARW)Director name: Mr Tom DruryAmount sold: 956,430 @ 250.00pValue: £2,391,075 Arrow Global Group (ARW)Director name: Mr Robert MemmottAmount sold: 642,340 @ 250.00pValue: £1,605,850 NWF Group (NWF)Director name: Mr Richard Anthony WhitingAmount sold: 141,334 @ 160.00pValue: £226,134 Arrow Global Group (ARW)Director name: Mr Robert MemmottAmount sold: 5,000 @ 250.00pValue: £12,500