Director dealings: JD Sports chair picks up shares after Footasylum sale

9th Aug 2022 15:04

(Sharecast News) - JD Sports Fashion shares tumbled more than 5% on Tuesday, as it disclosed share purchases made by its non-executive chair worth almost £0.4m.

The FTSE 100 footwear and apparel retailer said Andy Higginson purchases 292,725 shares on both Monday and Tuesday.

Higginson bought 292,725 shares for 132.67p each, and a further 6,217 shares for 132.32p apiece.

That gave each transaction a total value of £388,358.25, and £8,226.33, respectively.

Following the acquisitions, JD Sports said Higginson had a total interest in 298,942 of its shares, representing 0.01% of its issued share capital.

The purchases came after the company announced on Friday that it had completed the sale of Footasylum to Aurelius Group for £37.5m.

Its £90m acquisition of Footasylum in March 2019 had been mired in controversy, most significantly when it emerged that former chief Peter Cowgill had covertly met Footasylum CEO Barry Brown on two occasions - one in a carpark - amid an arms-length order from the Competition and Markets Authority.

The CMA's investigation into the possibility of limiting competition eventually led to an order for JD Sports to dispose of the chain.

Shares in JD Sports Fashion closed down 5.13% on Tuesday.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Jd Sports Fashion (JD.)

Director name: Higginson,Andy

Amount purchased: 292,725 @ 132.67p

Value: £388,358.25

Staffline Group (STAF)

Director name: Spain,Thomas

Amount purchased: 350,000 @ 39.66p

Value: £138,824.00

Everyman Media Group (EMAN)

Director name: Rosehill,Michael

Amount purchased: 80,000 @ 108.00p

Value: £86,400.00

Integrated Diagnostics Holdings (IDHC)

Director name: El Sherbini,Hend

Amount purchased: 40,596 @ 90.00p

Value: £44,307.69

Jpmorgan Global Core Real Assets Limited (JARA)

Director name: Scott,John

Amount purchased: 19,184 @ 104.25p

Value: £19,999.32

Jd Sports Fashion (JD.)

Director name: Higginson,Andy

Amount purchased: 6,217 @ 132.32p

Value: £8,226.33

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 4,800 @ 134.40p

Value: £6,451.20

Procook Group (PROC)

Director name: Hodder,Gregory

Amount purchased: 15,000 @ 42.55p

Value: £6,382.50

Sunrise Resources (SRES)

Director name: Murphy,Roger

Amount purchased: 6,121,031 @ 0.10p

Value: £6,128.68

Sunrise Resources (SRES)

Director name: Cole,James

Amount purchased: 4,638,826 @ 0.11p

Value: £5,218.68

Synthomer (SYNT)

Director name: Liu,Lily

Amount purchased: 2,000 @ 192.59p

Value: £3,851.80

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 1,941 @ 134.40p

Value: £2,608.70

Sunrise Resources (SRES)

Director name: Cheetham,Patrick

Amount purchased: 2,212,764 @ 0.11p

Value: £2,489.36

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 950 @ 134.40p

Value: £1,276.80

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 800 @ 134.40p

Value: £1,075.20

F&c Investment Trust (FCIT)

Director name: Hollond,Beatrice

Amount purchased: 110 @ 899.95p

Value: £989.95

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 590 @ 134.40p

Value: £792.96

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 401 @ 134.40p

Value: £538.94

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 362 @ 134.40p

Value: £486.53

Judges Scientific (JDG)

Director name: Ormsby,Bradley Leonard

Amount purchased: 3 @ 8,600.00p

Value: £258.00

Judges Scientific (JDG)

Director name: Cicurel,David

Amount purchased: 3 @ 8,600.00p

Value: £258.00

Judges Scientific (JDG)

Director name: Lavelle,Mark

Amount purchased: 3 @ 8,600.00p

Value: £258.00

Oracle Power (ORCP)

Director name: Migge,Andreas

Amount purchased: 75,993 @ 0.32p

Value: £243.18

Mj Gleeson (GLE)

Director name: Thomson,James

Amount purchased: 38 @ 530.00p

Value: £201.40

Mj Gleeson (GLE)

Director name: Allanson ,Stefan

Amount purchased: 37 @ 530.00p

Value: £196.10

Oracle Power (ORCP)

Director name: Hutchins ,David (Sam)

Amount purchased: 57,755 @ 0.32p

Value: £184.82

Unilever (ULVR)

Director name: Pitkethly,Graeme

Amount purchased: 4 @ 4,011.00p

Value: £160.44

Softcat (SCT)

Director name: Watt,Graeme

Amount purchased: 11 @ 1,439.00p

Value: £158.29

Taylor Wimpey (TW.)

Director name: Carney,Chris

Amount purchased: 122 @ 123.15p

Value: £150.24

Taylor Wimpey (TW.)

Director name: Daly,Jennie

Amount purchased: 122 @ 123.15p

Value: £150.24

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 111 @ 134.40p

Value: £149.18

Close Brothers Group (CBG)

Director name: Sainsbury,Adrian

Amount purchased: 13 @ 1,136.00p

Value: £147.68

Softcat (SCT)

Director name: Charlton,Graham

Amount purchased: 10 @ 1,439.00p

Value: £143.90

Oracle Power (ORCP)

Director name: Steed,Mark

Amount purchased: 43,316 @ 0.32p

Value: £138.61

F&c Investment Trust (FCIT)

Director name: Knapp,Edward

Amount purchased: 11 @ 899.95p

Value: £98.99

S4 Capital (SFOR)

Director name: Connolly,Margaret Ma

Amount purchased: 45 @ 134.40p

Value: £60.48

Oracle Power (ORCP)

Director name: Memon,Naheed

Amount purchased: 379 @ 0.32p

Value: £1.21

Top Director Sells

Direct Line Insurance Group (DLG)

Director name: Manser,Neil

Amount sold: 48,462 @ 207.88p

Value: £100,744.50