Director dealings: Serco's Soames offloads £3m of his shareholding

9th Nov 2022 13:10

(Sharecast News) - Outsourcing giant Serco disclosed a sale worth more than £3m on Wednesday, made by its outgoing chairman Rupert Soames.

The company said Soames sold 1,885,000 shares on Monday, in a single transaction on the London Stock Exchange.

He netted 162.07p for each share, valuing the sale at £3,053,490.99.

In its announcement of Soames' impending retirement on 12 September, Serco said the chairman would be reducing his holdings in the company as he prepared for retirement.

It further stated he would retain interests "well in excess" of that required by the directors remuneration policy for at least the next three years.

In its latest annual report, Serco said Rupert Soames had total share interests as at 31 December of 10,631,281 shares.

Elsewhere, Weir Group reported a share purchase made by its chair, valued at almost £35k.

The firm said Barbara Jeremiah bought 2,000 of its shares on Tuesday in a single open market transaction in London.

Jeremiah paid 1,737.32p for each share, giving the purchase a gross value of £34,746.40.

At 1455 GMT, shares in Serco Group were down 3.11% at 162.1p, while those in the Weir Group were off 0.75% at 1,731p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Lbg Media (LBG)

Director name: Solomou,Alexander William

Amount purchased: 900,000 @ 51.00p

Value: £458,999.99

Brooks Macdonald Group (BRK)

Director name: Thorpe,Ben

Amount purchased: 14,290 @ 1,805.30p

Value: £257,977.36

Smiths Group (SMIN)

Director name: Howes,Richard

Amount purchased: 3,102 @ 1,599.50p

Value: £49,616.34

Robert Walters (RWA)

Director name: Van de Walle,Leslie

Amount purchased: 8,000 @ 530.40p

Value: £42,432.00

Weir Group (WEIR)

Director name: Jeremiah ,Barbara

Amount purchased: 2,000 @ 1,737.32p

Value: £34,746.40

Bankers Inv Trust (BNKR)

Director name: Miller,Simon Edward Callum

Amount purchased: 20,000 @ 98.00p

Value: £19,600.00

Oracle Power (ORCP)

Director name: Memon,Naheed

Amount purchased: 405,296 @ 0.30p

Value: £1,215.89

Oracle Power (ORCP)

Director name: Migge,Andreas

Amount purchased: 81,059 @ 0.30p

Value: £243.18

Nexus Infrastructure (NEXS)

Director name: Martin,Alan

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Value: £200.80

Oracle Power (ORCP)

Director name: Hutchins ,David (Sam)

Amount purchased: 61,605 @ 0.30p

Value: £184.82

Avon Protection (AVON)

Director name: Ingrey-Counter,Miles

Amount purchased: 14 @ 1,095.00p

Value: £153.30

Imi (IMI)

Director name: Twite,Roy

Amount purchased: 11 @ 1,348.00p

Value: £148.28

Softcat (SCT)

Director name: Charlton,Graham

Amount purchased: 12 @ 1,213.00p

Value: £145.56

Softcat (SCT)

Director name: Watt,Graeme

Amount purchased: 12 @ 1,213.00p

Value: £145.56

Oracle Power (ORCP)

Director name: Steed,Mark

Amount purchased: 46,204 @ 0.30p

Value: £138.61

Imi (IMI)

Director name: Shook ,Daniel

Amount purchased: 9 @ 1,348.00p

Value: £121.32

Top Director Sells

Serco Group (SRP)

Director name: Soames,Rupert

Amount sold: 1,885,000 @ 162.07p

Value: £3,055,019.50

Brooks Macdonald Group (BRK)

Director name: Thorpe,Ben

Amount sold: 14,290 @ 1,805.00p

Value: £257,934.49

Brooks Macdonald Group (BRK)

Director name: Thorpe,Ben

Amount sold: 2,531 @ 1,917.28p

Value: £48,526.41