- Nexus CEO sells nearly £14 million worth of shares
- BAE Systems CFO benefits from bumper year
- Genel Energy director snaps up over £250,000 shares
Michael Morris, CEO of Nexus Infrastructure (NEXS:AIM), a UK-based infrastructure services provider, has sold 8,395,008 shares at 163p worth £13,683,863 on 27 March.
This share sale comes after another recent sale by Morris of 8.4 million shares via a tender offer, reducing his interest to 1.7 million shares in the company or by 18.6% from 21.8%.
Back in January, the infrastructure company reported a narrowed pre-tax loss of £900,000 for 2022 compared to a pre-tax loss of £1.7 million in 2021.
At this time, Nexus also announced the sale of its TriConnex and eSmart Networks businesses for £78 million, thus ‘crystallising value for all shareholders and stakeholders’, Morris said.
BAE SYSTEMS CFO BENEFITS FROM BUMPER YEAR
Bradley Greve, CFO of aerospace and defence giant BAE Systems (BA.), has been awarded 19,250 shares at 971p at a total value of £186,860.
This award comes as no surprise as BAE announced an impressive set of full-year results (23 February) which included a record £37.1 billion orders in 2022, taking its order backlog to £58.9 billion, compared to £44 billion in 2021.
Its dividend per share increased by 7.6% to 27p compared to 25.1p in December 2021.
Other highlights included delivering eight out of 24 Eurofighter Typhoons to Qatar and opening state of the art facilities in Manchester, New Hampshire, Cedar Rapids, Iowa and Austin Texas.
GENEL DIRECTOR SNAPS UP OVER £250,000 WORTH OF SHARES
Umit Bilgin, a director at Genel Energy (GENL), has bought 220,000 shares at 117p at a total value of £256,992 on 28 March.
The purchase comes after a 7% fall in its share price over the past month, after a series of mishaps, including the temporary closure of its Iraq-Turkey export pipeline, at Turkey's request.
Genel’s full-year earnings for 2022 were also disappointing and missed analysts estimates by 3.2%.
Looking ahead revenue for the energy company is expected to fall by 36% a year on average for the next three years.
