Director dealings: Intermediate Capital CEO ups stake
By Iain Gilbert
Date: Friday 16 Nov 2018
(Sharecast News) - Intermediate Capital chief executive Benoit Durteste purchased 50,000 ordinary shares in the FTSE 250-listed asset manager on Friday.
Durteste, who took over the CEO position back in 2017, acquired the shares at an average price of 962.95p each, for a total value of £481,475.02.
Intermediate Capital posted a rise in first-half assets under management on Thursday, driven by strong inflows.
In the six months to 30 September, AuM rose 17% to €33.6bn, with €6.1bn of new money raised compared with €5.7bn in the same period a year ago. This was a new high for the company's fundraising, with one of its largest funds, Europe Fund VII, contributing €3.9bn to inflows.
Group pre-tax profit was up 30% to £124m and the company lifted its dividend to 10p per share from 9p.
As of 1630 GMT, ICP shares had climbed 4.79% to 996p.
Top Director Buys
Intermediate Capital Group (ICP)
Director name: Durteste,Benoit
Amount purchased: 50,000 @ 962.95p
Value: £481,475.02
Value And Income Trust (VIN)
Director name: Oakeshott,Matthew A
Amount purchased: 100,000 @ 265.00p
Value: £265,000.01
Intermediate Capital Group (ICP)
Director name: Parry,Kevin A H
Amount purchased: 10,216 @ 973.57p
Value: £99,459.91
Devro (DVO)
Director name: Withers,Paul Nigel
Amount purchased: 30,000 @ 176.29p
Value: £52,887.00
Kerry Group 'a' Shares (KYGA)
Director name: Moran,Tom
Amount purchased: 539 @ 91.25
Value: 49,183.75
Horizonte Minerals (HZM)
Director name: Retter,Simon
Amount purchased: 1,000,000 @ 2.10p
Value: £21,000.00
Zinc Media Group (ZIN)
Director name: Sawyer,Will
Amount purchased: 1,314,474 @ 0.38p
Value: £4,995.00
Aeorema Communications (AEO)
Director name: Hale,Michael
Amount purchased: 10,000 @ 30.00p
Value: £3,000.00
Aeorema Communications (AEO)
Director name: Hale,Michael
Amount purchased: 10,000 @ 30.00p
Value: £3,000.00
Balfour Beatty (BBY)
Director name: Quinn,Leo
Amount purchased: 54 @ 276.50p
Value: £149.31
Top Director Sells
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