Airtel shop in Kenya
Since November Indian Continental Investment has been buying shares in Airtel Africa / Image source: Adobe
  • Airtel Africa director buys £15 million shares
  • Raspberry Pi director sells 30,000 shares
  • Brooks MacDonald directors snap up stock

A PCA (person closely associated) with Shravin Mittal, non-executive director at Airtel Africa (AAF) – a subsidiary of Indian telecoms giant Bharti Airtel - bought 15 million shares in the communications company at 105p for a total value of £15.75 million on 2 January.

Airtel is majority-owned by Bharti Airtel, an Indian multinational firm and subsidiary of Bharti Global, the investment arm of the Bharti family.

Since November last year, the PCA, Indian Continental Investment Limited, has been buying shares in Airtel Africa, demonstrating the family’s growing confidence in the company.

On 3 December, 182,850 shares were bought at 107.30p for a total value of £196,1980 and 1.5 million shares at 103.80p were bought for a total value of £1.6 million.

RASPBERRY PI DIRECTOR SELLS 30,000 SHARES

Elizabeth Upton a PCA (person closely associated) with Rapsberry Pi (RPI) founder and CEO Eben Upton, sold 30,000 shares for a total value of £185,872.14 on 3 January.

Raspberry Pi shares boot up after fresh tie-up and new product launch

Upton’s move comes after Raspberry Pi shares hit record levels, having gained over 61% in the past year.

Founded by Upton in 2012 to make computing more accessible to young people, Raspberry Pi designs and develops low-cost SBCs (single board computers) and compute modules for industrial customers, enthusiasts, and educators around the world.

BROOKS MACDONALD CEO BUYS 6,000 SHARES

Andrea Montague, CEO of wealth manager Brooks MacDonald (BRK:AIM), bought 6,000 shares at £16.60 for a total value of £99,600 on 2 January.

Other directors also bought shares, including chairman Maarten Slendebroek, who purchased 1,375 shares at £16.60 and CFO Katherine Jones, who snapped up 3,231 shares at the same price.

Over the past year Brooks’ shares have fallen over 12% to £16.40.

Last September, the company sold its international arm to fellow wealth manager Canaccord Genuity Wealth Management for up to £50.85 million following a strategic review.

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Issue Date: 06 Jan 2025