Director dealings: Tribal Group take up shares as rights issue completes

19th Apr 2016 14:25

(ShareCast News) - Tribal Group's chief executive, chairman and a senior independent director have all subscribed to a total of £1.25m worth of new shares in the cash-strapped company as it looked to shore up its balance sheet after a tough 2015.The provider of software and services for education management has been working on a £21m one-for-one right issue as it looks to move to AIM and cut costs.Last year, after suffering lower sales, win rates and delayed project implementation, it proposed the rights issue alongside the sale of its Synergy children's services management information system business to Servelec Group plc for £20.25m.Chief executive Ian Bowles, who took up the role on 1 March, subscribed for £250,000 worth of shares, while chairman Richard Last and non-executive Roger McDowell both went in for £0.5m apiece at a price of 22p per share. Top Director BuysTribal Group (TRB)Director name: McDowell,Roger Steven Amount purchased: 2,272,727 @ 22.00pValue: £499,999.94Tribal Group (TRB)Director name: Last,RichardAmount purchased: 2,272,727 @ 22.00pValue: £499,999.94Tribal Group (TRB)Director name: Bowles,IanAmount purchased: 1,136,363 @ 22.00pValue: £249,999.86Real Estate Investors (RLE)Director name: Bassi,PaulAmount purchased: 341,667 @ 62.00pValue: £211,833.54Real Estate Investors (RLE)Director name: Daly,MarcusAmount purchased: 156,667 @ 62.00pValue: £97,133.54Foreign And Colonial Inv Trust (FRCL)Director name: Moakes,NicholasAmount purchased: 5,000 @ 440.31pValue: £22,015.50Concurrent Technologies (CNC)Director name: Annear,J BAmount purchased: 7,000 @ 71.00pValue: £4,970.00Kingfisher (KGF)Director name: Witts,KarenAmount purchased: 42 @ 359.90pValue: £151.16Victrex Plc (VCT)Director name: Cooper,Timothy (Tim) JAmount purchased: 8 @ 1,579.00pValue: £126.32Victrex Plc (VCT)Director name: Court ,Martin Amount purchased: 8 @ 1,579.00pValue: £126.32Jpmorgan Asian Inv Trust (JAI)Director name: Gould,RonaldAmount purchased: 56 @ 222.99pValue: £124.87