Director dealings: Invesco Perpetual director lowers stake

15th Aug 2018 15:22

(Sharecast News) - Mike Lombardi, a non-director of Invesco Perpetual Enhanced Income, disposed of 184,340 shares in the Jersey-based firm on Wednesday.Lombardi, who was appointed to Invesco's board back in 2012, sold the shares at an average price of 74.75p, for a total of £137,794.15.Back in April, Invesco Perpetual Enhanced received a letter from Invesco Fund Managers stating that it intends to step down as the company's investment manager after "detailed and extended efforts" to reach satisfactory ongoing contractual arrangements.Discussions between IPE and Invesco Fund Managers did eventually lead to the firm reappointing Invesco as its manager on a revised management fee but shortly thereafter, chairman Donald Adamson stood down with immediate effect.Since Donaldson's departure, the board has been led by Peter Yates, the chairman of its audit committee.As of 1520 BST, IPE shares had dipped 0.80% to 74.70p.Top Director BuysFalanx Group Ltd (FLX)Director name: Read,MikeAmount purchased: 115,000 @ 4.35pValue: £5,002.50Falanx Group Ltd (FLX)Director name: Read,MikeAmount purchased: 120,000 @ 4.15pValue: £4,980.00Falanx Group Ltd (FLX)Director name: Selby,Ian Amount purchased: 60,000 @ 4.34pValue: £2,601.00Meggitt (MGGT)Director name: Wood,TonyAmount purchased: 272 @ 551.36pValue: £1,499.70Meggitt (MGGT)Director name: Webb,DougAmount purchased: 272 @ 551.36pValue: £1,499.70Meggitt (MGGT)Director name: Green,Philip ErnestAmount purchased: 272 @ 551.36pValue: £1,499.70Aviva (AV.)Director name: Briggs,Andrew Amount purchased: 30 @ 501.72pValue: £150.52Firstgroup (FGP)Director name: Groombridge,Jimmy Amount purchased: 162 @ 92.61pValue: £150.03Emis Group (EMIS)Director name: Southby,PeterAmount purchased: 16 @ 935.00pValue: £149.60Zotefoams (ZTF)Director name: Stirling,DavidAmount purchased: 28 @ 529.50pValue: £148.26Zotefoams (ZTF)Director name: McGrath ,Gary Amount purchased: 28 @ 529.50pValue: £148.26Imi (IMI)Director name: Shook ,Daniel Amount purchased: 11 @ 1,140.00pValue: £125.40Imi (IMI)Director name: Selway,Mark WAmount purchased: 11 @ 1,140.00pValue: £125.40Imi (IMI)Director name: Twite,RoyAmount purchased: 11 @ 1,140.00pValue: £125.40Top Director SellsInvesco Perpetual Enhanced Income Limited (IPE)Director name: Lombardi,MikeAmount sold: 184,340 @ 74.75pValue: £137,794.15