Thursday, 22nd June 2017

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Director dealings: Majestic CEO makes small splash with sale

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Updated: Mon, 19th Jun. 16:24:55

Oliver Haill

(ShareCast News) - Majestic Wine chief executive Rowan Gormley has sold 529,000 worth of shares in the retailer two years after his Naked Wines business was acquired and a few days after chairman stepped down.

In April, it was confirmed that the business had achieved all the conditions of the acquisition earn out, with founder Gormley and his fellow senior Naked colleagues having restrictions on when they could sell shares lifted.

Gormley sold 150,000 ordinary shares at an average price of 353p per share but this was said to be in order to cover tax liabilities, with Gormley still holding a hefty 6.15% of the issued shares.

Last week, alongside the company's final results, chairman Phil Wrigley told the board he will retire and step down from the board in August.

For the full year, underlying revenue rose 11.4% to 461.1m thanks to a tasty increase at Naked but profits were hurt by a failed marketing campaign.

Since results were released Majestic's share price has fallen from 380p to 321.25p, down 4.6% on Monday, but slightly ahead of the near-310p level when Naked was acquired.

Top Director Buys

Electra Private Equity (ELTA)

Director name: Bramson,Edward

Amount purchased: 13,008 @ 1,789.00p

Value: 232,713.11

Electra Private Equity (ELTA)

Director name: Bramson,Edward

Amount purchased: 6,992 @ 1,773.00p

Value: 123,968.16

Rockhopper Exploration (RKH)

Director name: McManus,David

Amount purchased: 366,149 @ 20.48p

Value: 74,987.31

Rockhopper Exploration (RKH)

Director name: Moody,Samuel John

Amount purchased: 246,898 @ 20.48p

Value: 50,564.71

Rockhopper Exploration (RKH)

Director name: Martin,John Edward

Amount purchased: 250,000 @ 20.13p

Value: 50,312.50

Rockhopper Exploration (RKH)

Director name: Summers,Arthur John

Amount purchased: 244,100 @ 20.48p

Value: 49,991.68

Wynnstay Properties (WSP)

Director name: Parker,Toby

Amount purchased: 1,000 @ 550.00p

Value: 5,500.00

Scotgold Resources (di) (SGZ)

Director name: Gray,Richard

Amount purchased: 1,000,000 @ 0.48p

Value: 4,849.00

Tesco (TSCO)

Director name: Stewart,Alan

Amount purchased: 77 @ 179.16p

Value: 137.95

Tesco (TSCO)

Director name: Lewis,Dave

Amount purchased: 77 @ 179.16p

Value: 137.95

Jpmorgan Asian Investment Trust (JAI)

Director name: Gould,Ronald

Amount purchased: 38 @ 327.49p

Value: 124.45

Top Director Sells

Majestic Wine (WINE)

Director name: Gormley,Rowan

Amount sold: 100,000 @ 357.00p

Value: 356,999.99

Babcock International Group (BAB)

Director name: Bethel,Archie

Amount sold: 19,616 @ 886.88p

Value: 173,970.38

Majestic Wine (WINE)

Director name: Gormley,Rowan

Amount sold: 50,000 @ 346.00p

Value: 173,000.00

Babcock International Group (BAB)

Director name: Davies,John

Amount sold: 17,741 @ 886.88p

Value: 157,341.38

Babcock International Group (BAB)

Director name: Tame,William (Bill)

Amount sold: 17,066 @ 886.88p

Value: 151,354.94

Babcock International Group (BAB)

Director name: Martinelli ,Franco

Amount sold: 7,151 @ 886.88p

Value: 63,420.79

Babcock International Group (BAB)

Director name: Hardy,Roger

Amount sold: 6,224 @ 886.88p

Value: 55,199.41

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