The biggest director deals by value over the last week were concentrated on the sell side and came amid strong recent trading updates.

INCREASING SHARE LIQUIDITY

Digital transformation group TPXimpact Holdings (TPX:AIM), formerly known as The Panoply Group, orchestrated a block sale of 8.2 million existing shares to institutions at a price of 230p on 20 October, representing 9.7% of the share capital.

Chief executive Neal Ghandi and chief finance officer Oliver Rigby participated by selling 1.75 million and 850,000 shares respectively, netting £4.025 million and £1.955 million.

Following the sale, Ghandi and Rigby hold sway over 10.1% and 5% of the company’s shares respectively. On 15 September, the company reported high demand for its digital transformation services, prompting management to increase full-year guidance for like-for-like organic sales growth to be between 15%-to-20%, up from 10%-to-15%.

STRIX SALES

Mark Bartlett, chief executive of leading kettle safety controls group Strix (KETL:AIM), sold 1.1 million shares at 375p, worth £3.575 million, in order to satisfy certain personal tax liabilities.

Chief financial officer Raudres Wong sold 500,000 shares at the same price netting £1.625 million, while chief operating officer Frank Gao sold 206,173 shares, realising £773,149 and leaving him with no residual holding in the company.

The company reported a strong first half with revenues to 30 June growing 25% while pre-tax profit jumped 14%, and the board said it was confident of delivering full-year results in line with market expectations.

Elsewhere, Jennifer Ward, executive director of safety products group Halma (HLMA), obtained the permission of the chairman to sell 37,500 shares to meet her obligations in a divorce settlement. The shares were sold at £23.19, netting her £869,999.

PIZZA COLLECTION

Stella David, independent non-executive director at pizza franchisor Domino’s (DOM) picked up 30,003 shares at £3.70 for a cost of £111,011 after the company reported continued strong third quarter growth.

Like-for-like system sales grew 8.8% in the 13 weeks to 26 September taking the nine-month growth to 15.6% compared with last year.

The company said it had opened 18 new stores in the year to date and remained on target to open up to 30 stores in the year through 27 December 2021.

Meanwhile, the pizza delivery chain said it had started the incremental £35 million buyback programme after completing the initial £45 million purchase.

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Issue Date: 25 Oct 2021