- NatWest CFO sells shares after HMG reduces stake
- Diversified Energy’s COO ‘cashes in’ on good results
- Centralnic director sells over 1 million shares
Katie Murray, chief financial officer at state-owned lender NatWest (NWG) Group, sold 604,000 shares in the bank at 274p for a total value of £1,657,297 on 23 May.
Murray’s sale comes just a day after the government announced it was selling £1.26 billion of NatWest shares on 22 May, taking its stake below 40%.
The government bailed out NatWest, formerly known as RBS Group, during the global financial crisis of 2008, for almost £46 billion.
The government’s stake is now below 40% following the sixth tranche of NatWest shares sold since the financial crisis.
Year-to-date NatWest’s shares have risen over 14% or 33p.
DEC DIRECTOR OFFLOADS 250,000 SHARES
Bradley Gray, executive vice president and chief operating officer of Diversified Energy Company (DEC), sold 250,000 shares at £11.368 for a total consideration of £2,918,935 on 22 May representing approximately 0.300% of the company’s issued share capital.
The US-based gas and oil production company reported net income of $400 million including a $365 million gain on tax-effected, non-cash unsettled derivative fair value adjustments for the quarter ending 31 March 2023.
The company’s results were in line with expectations. Since the sale of Gray’s shares, Diversified Energy’s share price has fallen 3% to 88p.
CENTRALNIC DIRECTOR SELLS OVER 1 MILLION SHARES TO FUND PROJECT
Horst Siffrin, non-executive director at UK-based internet services holding company Centralnic (CNIC) has sold 1,110,000 shares at 116p for the total value of £1,287,600 on 24 May.
Siffrin previously sold 100,000 shares on 20 January this year at 135p, both sales were made to fund an ‘investment project’ according to a statement.
On the 15 May, Centralnic launched its second share buyback programme of £4 million, after a ‘highly resilient’ first quarter in 2023.
Underlying profits adjusted earnings before interest taxation depreciation and amortisation (EBITDA) increased by 15% to $21.3 million and net debt fell by $7.3 million to $49.3 million.
