OUT OF FASHION
In a quiet week for director dealings, online fashion purveyor Boohoo (BOO:AIM) saw two directors taking advantage of recent share price weakness. Chairman Mahmud Kamani spent £10.5 million buying five million shares and co-founder Carol Kane snapped up two million shares for £4.28 million.
Boohoo has been the focus of attention for all the wrong reasons recently as ESG-principled investors abandoned the shares on concerns of modern slavery allegations after it was alleged that one of its suppliers in Leicester was paying its employees half the minimum wage.
Domain name supplier and web services company CentralNic (CNIC:AIM) reported that non-executive director Samuel Dayani had offloaded 173,700 shares for a value of £154,681 between 25 June and 13 July. Following the sales Dayani remains the third largest shareholder with a 11.36% stake in the company.
Finance director at African miner Arc Minerals (ARCM:AIM) Remy Welschinger who joined from Deutsche Bank bagged a further 1.5 million shares at 3.04 pence taking his beneficial interest to 1.49% of the company.
On 14 July the company announced its subsidiaries Zamsort and Zaco had signed a six-month exclusive confidentiality agreement with a subsidiary of Anglo American (AAL) in respect of its copper exploration licenses in Zambia. The shares have rallied 34% this week to 2.95p.
