Century AIM VCT2 Directors Acquire 102,095 Shares, Sell 204,842 at 39.18p
NCA•On 31 July 2023, Chairman John Doe bought 76,570 shares and Director Ian Camron-Mowat acquired 25,525 shares at 39.18p each, spending £40,000.82. Director Michael Barnard sold 204,842 shares at the same price for £80,257.10, leaving a net insider disposal of 102,747 shares out of 5,574,403 total shares.
1. Transaction Details
On 31 July 2023, Chairman John Doe purchased 76,570 ordinary shares and Director Ian Camron-Mowat acquired 25,525 shares at 39.18p per share, totaling 102,095 shares for £40,000.82. On the same date, Director Michael Barnard sold 204,842 shares at 39.18p each, generating proceeds of £80,257.10 from trades executed on the London Stock Exchange.
2. Beneficial Interests Changes
Following the purchases, Geoffrey Gamble’s stake is 197,030 ordinary shares (3.53% of issued capital) and Ian Camron-Mowat holds 92,590 shares (1.66%). After his disposal, Michael Barnard’s holding stands at 312,656 shares, representing 5.61% of the total 5,574,403 ordinary shares in issue, with no shares held in treasury.
3. Market Implications
The combined insider purchase and sale activity may influence market sentiment by highlighting conflicting signals from executives. Net insider selling of 102,747 shares could weigh on perceptions of future company prospects or capital needs, while acquisition by senior management may signal confidence at current prices.
