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The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:
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DSW Capital PLC - Warrington, England-based professional services via Dow Schofield Watts and DR Solicitors brands - Chief Executive James Dow buys 508,700 shares, at 66.5 pence, worth £338,286, on Tuesday. Dow now has 4.1 million shares, a 16.5% stake. Dow co-founded DSW with Jon Schofield and Mark Watts back in 2002. He will step down as CEO on April 1, succeeded by Shru Morris, currently deputy CEO.
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Melrose Industries PLC - Birmingham, England-based aerospace technology firm composed of parts of the former GKN - Non-Executive Director Chris Grigg buys 17,636 shares at £5.67, worth £100,010, while Non-Executive Director David Lis sells 47,950 shares mostly at £5.65, worth £271,176, both on Monday. Griggs now has 27,736 shares and Lis has 70,000, both less than 0.01% stakes.
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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology - An investment vehicle of the Borovitz family, which includes Chair Zvi Borovitz and CEO Moni Borovitz, buys 350,000 shares at 43p, worth £150,000, on Tuesday. The family investment vehicle and the chair and CEO directly have a 33% holding in MTI in total. MTI also says the Beer family, a substantial shareholder, buys 450,000 shares at the same price on Tuesday, worth £193,500, and now has an 11% stake. Late last month, MTI reported nine-month results, saying net profit increased by 10% to $3.1 million in first three quarters of 2024 from $2.8 million a year before, on steady revenue of $33.7 million. MTI said it expects to declare a final dividend with its full-year results release in the first quarter of 2025.
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