DIRECTOR DEALINGS: Future chiefs sell; outgoing On The Beach CEO buys

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

The following is a round-up of share dealings by London-listed company directors and managers announced this week and last week and not separately reported by Alliance News:

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LXi REIT PLC - ‘inflation-protected very long income’ real estate investment trust - Simon Lee, fund manager of investment advisor LXI REIT Advisors Ltd, buys 87,450 shares at 114.35 pence, worth £100,000, on Wednesday this week.

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TBC Bank Group PLC - financial services in Georgia and Uzbekistan - Giorgi Megrelishvili, deputy chief executive officer of JSC TBC Bank, sells 12,581 shares at £22.00, worth £276,782, on Wednesday. George Tkhelidze, also deputy CEO of JSC TBC Bank, sells 11,355 shares at the same price on Wednesday, worth £249,810.

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Unilever PLC - London-based consumer goods - Sanjiv Mehta, president of Unilever South Asia, sells 19,910 shares at €47.61 and €47.56, worth €947,345, on Monday this week in Amsterdam.

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EnQuest PLC - oil and gas production in UK and Malaysia - CEO Amjad Bseisu buys 4.2 million shares via family company Double A Ltd at £0.21, worth £887,049, on Monday.

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Future PLC - Chief Executive Officer Zillah Byng-Thorne sells 65,002 shares at £12.55, worth £815,775, on Thursday last week. Most of the shares are from bonus awards. Chief Financial & Strategy Officer Penny Ladkin-Brand sells 64,000 shares at £12.75, worth £816,000, on Wednesday last week.

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Moonpig Group PLC - London-based online greeting card and gifting - Chief Executive Officer Nickyl Raithatha buys 100,000 shares and Chief Financial Officer Andy MacKinnon buys 50,000 shares, both at £1.14, worth £171,000 in total, on Wednesday last week.

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On The Beach Group PLC - Manchester-based online retailer of beach holidays - Founder & CEO Simon Cooper buys 288,587 shares via Hawksford Trustees Jersey Ltd at 117.91p, worth £340,273, on Tuesday last week. Now has 9.7 million shares, a 5.8% stake. Earlier this month, On The Beach said CFO Shaun Morton will replace Cooper as CEO within the next 12 months.

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Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Founder Mike Ashley sells a put option over 200,000 shares with a strike price of 900 pence, worth £1.8 million, on December 9. The put option, which gives Ashley the right to sell Frasers shares at that price, expires in September of next year. On December 8, Ashley had bought a spread bet on 100,000 shares at 815.23 pence per share, worth £815,233, and sold a put option over 300,000 shares at strike price of 900p, worth £2.7 million, also expiring in September 2023. Frasers shares currently are priced at 735.00p.

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By Tom Waite, Alliance News editor

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