Stake building and settling tax bills are some of the reasons behind directors deals / Image source: Adobe
  • Former YouGov chairman sells up
  • Arbuthnot chairman increases stake
  • National World COO sells up to cover tax costs

Stephan Shakespeare, the former chief executive of YouGov (YOU:AIM), the international online research and data analytics group has sold 350,000 shares at £11.80 for a total value of £4.13 million on 5 February.

The sale was made by his wife Rosamund Shakespeare for the purposes of ‘personal property transactions,’ the aggregate holding of Stephan Shakespeare and persons strongly associated with him is now 1,773,029 ordinary shares in the company, representing approximately 1.51% of the company's issued share capital.

Shakespeare stepped down as YouGov CEO in April 2023 with Meta (META:NASDAQ) vice-president Steve Hatch taking over the role last August.

Over the past year YouGov shares have gained 28%.

ARBUTHNOT CEO BUILDS UP STAKE

Sir Henry Angest, chairman and CEO of Arbuthnot Banking Group (ARBB:AIM) has bought 100,000 shares at 990p for a total value of £990,000 on 8 February.

Angest now holds 9,276,185 ordinary shares representing 57.31% of the company's voting rights

He also holds 86,674 ordinary non-voting shares representing 64.88% of the total in issue excluding shares held in Treasury.

Over the past year the company’s shares are up 14%.

The move from Angest is not surprising considering the company’s strong set of first half results - shares at the time (18 July) soared to a two-year high of £10.52.

NATIONAL WORLD COO SELLS UP TO COVER TAX COSTS

Mark Hollinshead, chief operating officer of  UK multi-media company National World (NWOR) has sold 200,000 million shares at 16p for a total value of £320,000 on 8 February to ‘in part to cover the remaining related costs and associated taxes in connection with the exercise of options over 3,799,009 ordinary shares issued in 2023.’

Following the sale, Hollinshead, now has a total beneficial interest in 1,471,278 ordinary shares, equivalent to approximately 0.55% of the company's issued share capital.

In a recent trading update the company was upbeat saying it expects full year 2023 revenue of ‘not less than £88 million underpinned by robust digital revenue growth of 13%.’

This positive outlook is not reflected in its current share price. 

Over the past year, shares have fallen 35%.

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Issue Date: 09 Feb 2024