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    17:11pm 11th August 2017

    DIRECTOR DEALINGS SUMMARY: Vitesse CEO Buys 11% Stake On Appointment

    LONDON (Alliance News) – The following is a summary of director dealings reported in London on Friday.
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    Vitesse Media said it has appointed Simon Stilwell as chief executive officer with immediate effect to replace Niki Baker, who is moving to become managing director for Events and Marketing. She was chief executive for five years since 2012.

    Stilwell’s most recent role was director of online vintage hunting clothing retailer The Vintage Tack Room Ltd since 2016. Prior to that he was chief executive officer of investment bank Liberum which he co-founded in 2007, for five years from 2010 to 2015.

    Also, Stilwell and Liontrust Asset Management fund manager Anthony Cross each purchased on Friday 6.4 million and 7.0 million shares respectively, at a price of 2.5 pence per share. Following the transaction, both men hold 7.0 million shares each, representing an 11% stake in the company.

    Meanwhile, former executive chairman Chris Ingram sold 8.4 million shares, reducing his holding to 8.4 million shares, or a 13% interest, and former chairman and company founder Sara Williams sold 5.0 million shares, bringing down her holdings to 3.4 million shares, translating to a 6.0% stake.

    Furthermore, Vitesse Media said it is considering the placing of shares in order to rise GBP2.0 million to repay the company’s current indebtedness, fund the development of the Events business and expand the capabilities of Vitesse’s existing digital platforms. The placing is subject to shareholder approval, however, and Stilwell and Cross have already announced they be collectively investing GBP500,000 in the fundraising.

    The announcement came soon after the digital media and events company reported a slightly widened loss for its recently ended financial period despite higher revenue.

    Vitesse shares closed up 39% at 2.61p Friday.
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    Mondi said its Chief Financial Officer Andrew King sold and purchased shares in the company on Thursday. King sold a total of 78,330 shares in Mondi at 1,989.72 pence each, worth a total of GBP1.6 million. He bought 60,000 shares at 1,992.78p, worth a total of GBP1.2 million. King’s resulting total shareholding was not disclosed. Mondi shares closed up 0.4% at 1,995.40p Friday.
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    Redhall Group said Non-Executive Phillip Hilling bought 106,564 shares on Thursday for 9.384 pence each. His holding in the engineering business after the purchase, worth around GBP10,000, was not disclosed. In early July, three other directors bought shares in Redhall under a placing priced at 10.0 pence per share. Redhall shares closed up 2.7% at 9.5p Friday.
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    Asiamet Resources raised GBP6.0 million through a share placing, with the funds to be used for operations at its Beruang Kanan Main project in Indonesia. Asiamet said it has placed 136.5 million shares at a price of 4.3 pence per share. Antony Manini, executive chairman of the company, agreed to subscribe to 1.0 million shares in the placing. On admission of the new shares, he will hold a 3.3% stake in the company. Director Stephen Hughes agreed to subscribe to 418,605 shares, representing a 0.4% stake in the company following admission, while Director Faldi Ismail agreed to subscribe for 283,395 shares, or a 0.6% stake. Asiamet shares closed up 9.1% at 5.1275p Friday.
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    Bus operator and transport service provider Rotala appointed Graham Peacock as non-executive director with immediate effect. That appointment comes as the placing and subscription of 5.8 million shares at 60 pence each was completed on July 28, which raised GBP3.5 million to fund future acquisitions. Peacock took part in the subscription of 3.3 million shares to raise GBP2.0 million, and now holds 2.7 million shares in the group, representing a 6.0 stake. Rotala shares closed down 1.7% at 59.00p Friday.
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    Bloomsbury Publishing on said Non-Executive Chairman Richard Lambert bought 10,000 shares at 176.00 pence per share on Thursday. The transaction had a total value of GBP17,600. Bloomsbury did not disclose Lambert’s total holding following the transaction. Shares in Bloomsbury closed down 0.6% at 175.04p on Friday.
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    Intertek Group said Non-Executive Director Jean-Michel Valette bought 10,000 shares at a price of 4,650 pence each on Friday. Valette’s subsequent shareholding was not disclosed. Shares in Intertek closed down 1.0% at 4,663.00p on Friday.
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    Retail-property focused investment trust Capital & Regional said Non-Executive Director Laura Whyte on Friday bought 13,250 shares at 56.50 pence per share. The purchase totalled GBP7,486. Following the transaction, Whyte held 72,036 shares, or a 0.01% stake in the company. Shares in Capital & Regional closed down 0.4% at 56.25p on Friday.
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    Triple Point Social Housing REIT said two directors bought shares in the company. Christopher Phillips bought 25,000 shares at 100 pence per share on Tuesday, the transaction totalling GBP25,000. Centaurea Investments, a company controlled by Philips, also bought 25,000 shares at 102.5p on Friday for a total value of GBP25,625. Peter Coward bought 25,000 shares at 100p per share on Tuesday, totalling GBP25,000. The company did not disclose their respective total interests in the company following the transaction. Triple Point Social Housing was admitted to trading on the London Main Market on Tuesday. The trust placed 200 million shares at 100p per share to raise GBP200 million at its initial public offering. Shares in Triple Point Social Housing closed down 0.1% at 102.37p on Friday.
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    By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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