Director dealings: Audioboom chair invests, Babcock CEO covers tax bill

9th Aug 2023 10:35

(Sharecast News) - Podcast producer and distributor Audioboom was among those on the list of director buys on Wednesday, after its chairman bought more than five thousand shares.

The company said Michael Tobin picked up 5,128 ordinary shares on 8 August, in a single transaction on the London Stock Exchange.

Tobin paid 195p for each share, valuing the transaction at a total of £9,999.60.

"Following this purchase, Michael Tobin holds 774,452 ordinary shares in the company, representing approximately 4.7% of the company's issued share capital," Audioboom confirmed in its statement to the market.

On the selling side of things was Babcock International, whose chief executive officer sold a number of shares to cover a tax bill arising from the exercise of options.

It said David Lockwood picked up 168,824 shares on the exercise of nil-cost options, before selling 79,574 of them to satisfy tax, National Insurance and dealing charges.

Lockwood sold the shares for 375.5p each, valuing the transaction at £298,800.37.

As a result, Lockwood retained 89,250 of the option shares after the exercise and sale.

At the close on Wednesday, shares in Audioboom were up 5.13% at 205p, while those in Babcock International Group were 3.66% firmer at 391p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Pantheon International (PIN)

Director name: Burgess ,John

Amount purchased: 258,214 @ 280.00p

Value: �722,999.19

Atlantic Lithium Limited Npv (di) (ALL)

Director name: Herbert,Neil Lindsey

Amount purchased: 290,000 @ 17.20p

Value: �49,880.00

Atlantic Lithium Limited Npv (di) (ALL)

Director name: Harsas ,Amanda

Amount purchased: 150,000 @ 17.19p

Value: �25,785.00

European Metals Holding Limited (di) (EMH)

Director name: Bloomfield,Lincoln Palmer

Amount purchased: 52,350 @ $0.87

Value: $24,106.56

Audioboom Group (BOOM)

Director name: Tobin,Michael

Amount purchased: 5,128 @ 195.00p

Value: �9,999.60

Atlantic Lithium Limited Npv (di) (ALL)

Director name: Harsas ,Amanda

Amount purchased: 50,000 @ $0.35

Value: $9,262.69

Afc Energy (AFC)

Director name: Bullard,Gary

Amount purchased: 35,000 @ 15.15p

Value: �5,302.50

Judges Scientific (JDG)

Director name: Lavelle,Mark

Amount purchased: 4 @ 9,348.00p

Value: �373.92

Judges Scientific (JDG)

Director name: Prestidge,Tim

Amount purchased: 4 @ 9,348.00p

Value: �373.92

Judges Scientific (JDG)

Director name: Cicurel,David

Amount purchased: 4 @ 9,348.00p

Value: �373.92

Judges Scientific (JDG)

Director name: Ormsby,Bradley Leonard

Amount purchased: 2 @ 9,348.00p

Value: �186.96

Top Director Sells

Babcock International Group (BAB)

Director name: Lockwood,David

Amount sold: 79,574 @ 375.50p

Value: �298,800.38