Among the most significant director dealings of the last week, non-executive director Andrew Stone has sold out of his remaining stake in Gamma Communications (GAMA:AIM).

After selling 35,000 shares last Friday for £435,000, Stone sold a further 108,551 shares of Gamma for £2.62 million in four separate trades this week, closing out his holding.

Gamma features as a new Great Idea in this week’s edition of Shares.

Former director of Polar Capital (POLR) Brian Ashford-Russell sold 106,544 shares in the asset manager for £523,000, two days before it revealed a 25% increase in assets under management in the second quarter thanks to strong fund performance and net inflows.

Meanwhile Matthaios Rigas, chief executive of mid-cap oil and gas firm Energean (ENOG), and director Efstathios Topouzoglou each bought 40,000 shares in the company for a total of £454,000.

Last month, Energean agreed to buy Edison E&P for a revised price of $284m, down from an original price of $740m after excluding Edison’s Norwegian assets from the deal.

In terms of most active directors, non-executive director Martin Diggle has been trading quite nimbly in and out of Oxford Biomedica (OXB) over the last month as well as picking up small amounts of biotech firm Proteome Sciences (PRM:AIM).

The most persistent buyer of their own stock is Domino’s Pizza (DOM) non-executive director Usman Nabi, who in the last month has bought over 1 million shares in the fast food firm for a total of £3.18 million, taking his stake to 7.91% of the company.

For a full list of the week’s most significant director deals, click here.

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Issue Date: 09 Jul 2020