GlobalData chief increases stake after merger

26th Jan 2016 15:30

(ShareCast News) - The chief executive of the newly formed GlobalData has acquired a £53.2m stake in the company as part of the deal.Mike Danson acquired over 20.9m shares in the new company, and holds a total stake of 69.7% with over 71.3m shares.It arose out of Progressive Digital Media Group's acquisition of GlobalData Holding Limited, of which Danson was an owner.The merger was finalised on Monday, which included the disposal of Progressive Trade Media Limited.When announced in December, the company said the acquisition would "significantly extend the Company's global reach in major business information markets".Top Director BuysGlobaldata (DATA) Director name: Mr Michael DansonAmount purchased: 20,862,744 @ 255.00p Value: £53,199,997Purplebricks Group (PURP) Director name: Mr Paul PindarAmount purchased: 300,000 @ 78.16p Value: £234,480City Merchants High Yield Trust (CMHY) Director name: Mrs Winifred RobbinsAmount purchased: 57,512 @ 173.87p Value: £99,996Lowland Investment Co (LWI) Director name: Mr Robert RobertsonAmount purchased: 5,000 @ 1,175.00p Value: £58,750City Merchants High Yield Trust (CMHY) Director name: Mrs Winifred RobbinsAmount purchased: 28,887 @ 173.08p Value: £49,998Booker Group (BOK) Director name: Mr Gary W HughesAmount purchased: 20,000 @ 154.58p Value: £30,916JPMorgan Elect Managed Growth Shares (JPE) Director name: Ms Carla StentAmount purchased: 4,919 @ 606.50p Value: £29,834Record (REC) Director name: Dr Cornelis A C M (Cees) SchrauwersAmount purchased: 100,000 @ 25.25p Value: £25,250Fusionex International (FXI) Director name: Mr John Croft Amount purchased: 13,800 @ 148.00p Value: £20,424Ideagen (IDEA) Director name: Mr David HornsbyAmount purchased: 42,000 @ 47.50p Value: £19,950There were no director sells at the time of publication