(Sharecast News) - Hargreaves Services revealed on Wednesday that chief executive Gordon Banham had tendered 199,300 shares into the company's recently completed tender offer, which formed part of a capital‑return programme announced in late March.

Banham, who joined Hargreaves in 2001, sold the sahres at an average price of 850p each, for a total value of £1.69m.

Under the terms of the offer, shareholders were invited to sell a portion of their holdings back to the company at a fixed price, with directors committing to tender shares equal to their basic entitlement.

Following the transaction, Banham now holds 2.6m ordinary Hargreaves shares, giving him an 8.47% stake in the group.

As of 1525 BST, Hargreaves shares were up 1.12% at 813.01p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Metlen Energy & Metals (MTLN)

Director name: Mytilineos,Evangelos

Amount purchased: 10,000 @ 36.74

Value: 367,449.99

Scottish Oriental Smaller Companies Trust (SST)

Director name: Benda ,David

Amount purchased: 17,893 @ 278.00p

Value: £49,742.54

Tr Property Inv Trust (TRY)

Director name: Kitchen,Graham

Amount purchased: 6,500 @ 313.17p

Value: £20,355.92

River Global A (RVRG)

Director name: Mills,Christopher

Amount purchased: 50,000 @ 36.00p

Value: £18,000.00

Tr Property Inv Trust (TRY)

Director name: Kitchen,Graham

Amount purchased: 4,500 @ 313.23p

Value: £14,095.41

Corero Network Security (CNS)

Director name: Nicholls ,Jeremy

Amount purchased: 43,000 @ 12.30p

Value: £5,289.00

Top Director Sells

Ferro-alloy Resources Limited Npv (FAR)

Director name: Turian,James

Amount sold: 512,765 @ 535.00p

Value: £2,743,292.70

Hargreaves Services (HSP)

Director name: Banham,Gordon Frank Colenso

Amount sold: 199,300 @ 850.00p

Value: £1,694,050.00

Hargreaves Services (HSP)

Director name: McDowell,Roger

Amount sold: 31,500 @ 850.00p

Value: £267,750.00

Hargreaves Services (HSP)

Director name: Craigen,Stephen

Amount sold: 1,712 @ 850.00p

Value: £14,552.00

Hargreaves Services (HSP)

Director name: Mills,Nicholas

Amount sold: 711 @ 850.00p

Value: £6,043.50

Hargreaves Services (HSP)

Director name: Halkes,Nigel

Amount sold: 355 @ 850.00p

Value: £3,017.50

Croda International (CRDA)

Director name: Foots,Steve

Amount sold: 73 @ 2,840.00p

Value: £2,073.20