Weston family places stake in Associated British Foods / Image Source: Adobe
  • Vodafone CFO buys shares
  • Outgoing Tristel boss sells shares
  • Weston family places AB Foods stake

Luka Mucic, chief financial officer of Newbury-based mobile network operator Vodafone (VOD), bought 510,000 shares at 76.15p for a total value of £388,365 on 4 June.

Vodafone shares are down 1.1% year-to-date against a 5.6% gain for the FTSE 100.

The purchase came less than a week after Vodafone announced it had completed the sale of its Spanish operations to Zegona Communications for €5 billion comprising €4.1 billion in cash and €900 million of redeemable preference shares.


Paul Swinney, outgoing chief executive of infection control and prevention specialist Tristel (TSTL) has sold 41,606 shares at 440p for a total of £183,006 on 11 June.

As a result, Swinney's beneficial interest in the company is 154,501 ordinary shares, representing 0.33% of the total issued share capital.

Swinney’s sale comes after the firm announced a new chief executive, Matt Sassone, who joins from US medical technology company Masimo Corporation (MASI:NASDAQ).


At the end of May, the Weston family quietly sold a 1.4% stake or 10.3 million shares in Associated British Foods (ABF), the owner of high-street fashion retailer Primark, to a group of institutional investors at £25.50 per share.

The sale netted the Weston family around £262 million and leaves it with a 56.1% stake across its holding companies, making it still the biggest shareholder by far.

In April, the firm raised its full-year guidance as well as raising its interim dividend payment thanks to a strong first-half performance fromPrimark.

AB Foods' share price has risen 5.3% this year, slightly behind the FTSE 100 index.



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Issue Date: 17 Jun 2024