Director dealings: Coca-Cola private equity backers can shares

25th May 2016 15:20

(ShareCast News) - Coca-Cola HBC directors Anastasios and Christo Leventis, major shareholders connected with the New Argen private equity group, confirmed they had sold £15.4m worth of shares.Christo sold 735,968 at a price of 1,315p apiece, reaping £9.68m, while fellow non-executive Anastasios offloaded 436,129 at the same price to pocket £5.74m.With an accelerated bookbuild by broker Credit Suisse on Tuesday, New Argen placed 5.4m shares in London-listed drinks bottler at the same price, raising a total of £71m.Shares in the Hellenic group rallied last year but are down in the year to date, despite this month's trading update labelled 'a good start to the year' that showed reported volumes were stable in the first quarter with an improving underlying trend in both established and emerging markets.Chief executive Dimitris Lois said: "We had a good start to the year with Q1 trading in line with our plans. Our commercial initiatives delivered beneficial results, improving currency-neutral revenue per case by 2%."We are encouraged by the ongoing volume growth in emerging and developing markets and the improving underlying trend in established markets. While soft in the quarter, pricing trends in developing markets are improving. We are confident we have the right initiatives in place to continue our progress in the remainder of the year."Top Director BuysGeneral Electric Co (GEC)Director name: Immelt,Jeffrey RAmount purchased: 67,600 @ $29.59Value: $1,794,327.75Keller Group (KLR)Director name: Hill,Peter JohnAmount purchased: 10,000 @ 934.04pValue: £93,404.00Fastforward Innovations Limited (FFWD)Director name: Smith,Bryan GeorgeAmount purchased: 467,836 @ 15.00pValue: £70,175.40Mobeus Income & Growth Vct (MIX)Director name: Boothman,CliveAmount purchased: 27,621 @ 90.00pValue: £24,858.90Firstgroup (FGP)Director name: O'Toole,TimAmount purchased: 7,281 @ 108.60pValue: £7,907.17Firstgroup (FGP)Director name: Barker,MickAmount purchased: 534 @ 108.60pValue: £579.92Aberdeen Asian Income Fund Ltd. (AAIF)Director name: Arthur,PeterAmount purchased: 267 @ 158.70pValue: £423.73Top Director SellsCoca-cola Hbc Ag (cdi) (CCH)Director name: Leventis,ChristoAmount sold: 735,968 @ 1,315.00pValue: £9,677,978.92Coca-cola Hbc Ag (cdi) (CCH)Director name: non-executive,Anastasios IAmount sold: 436,129 @ 1,315.00pValue: £5,735,096.18Taylor Wimpey (TW.)Director name: Redfern,PeterAmount sold: 1,656,327 @ 205.35pValue: £3,401,267.39Taylor Wimpey (TW.)Director name: Jordan,James JAmount sold: 529,622 @ 205.35pValue: £1,087,578.74Xchanging (XCH)Director name: Bauernfeind,DavidAmount sold: 516,038 @ 190.00pValue: £980,472.19Taylor Wimpey (TW.)Director name: Redfern,PeterAmount sold: 142,750 @ 206.02pValue: £294,093.55Taylor Wimpey (TW.)Director name: Redfern,PeterAmount sold: 126,589 @ 206.02pValue: £260,798.65Fastforward Innovations Limited (FFWD)Director name: Abony,LorneAmount purchased: 1,473,685 @ 15.00pValue: £221,052.76Home Retail Group (HOME)Director name: Walden,John Amount sold: 67,439 @ 163.50pValue: £110,262.76Home Retail Group (HOME)Director name: Ashton,RichardAmount sold: 58,856 @ 163.50pValue: £96,229.56G4s (GFS)Director name: Almanza,AshleyAmount sold: 51,407 @ 186.90pValue: £96,079.68Fastforward Innovations Limited (FFWD)Director name: Abony,LorneAmount sold: 467,836 @ 15.00pValue: £70,175.40Plutus Powergen (PPG)Director name: Stephens,PhilipAmount sold: 6,250,000 @ 0.75pValue: £46,875.00Plutus Powergen (PPG)Director name: Lazarevic,PaulAmount sold: 6,250,000 @ 0.75pValue: £46,875.00