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Article: More buy signals at Arbuthnot.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- September 17, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Robinson
DIRECTORS' DEALS: But big sales are still the order of the day
The summer sale continues apace as the FTSE shows little sign of flagging. Another five GBP1m-plus deals were reported in the market over the past week, including a colossal GBP60.4m sale by Ajay Kalsi, the chief executive of Indus Gas. This sale still leaves Mr Kalsi and his wife with 145m Indus shares, which equates to 79.7 per cent of the issued share capital. So, despite the magnitude of the sale, there probably isn't much in the way of a secondary market in Indus shares just yet.
Mark Dixon, chief executive of Regus, has also taken the option to hive-off ...