In the first of our new weekly series, James Norris looks at director’s buying shares in their own company over the last week.
Altus Strategies (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announced on 18 February that CEO Steven Poulton bought 75,795 ordinary shares of £0.05 each at an average price of 57.91p per share, for a total purchase value of £43,889. On 17 February, he bought 89,290 shares, worth A$208,688. The transactions give Poulton, and persons closely associated with him, an increase in total shareholding to 6,600,000 ordinary shares, representing 5.63% of the company’s outstanding issued ordinary share capital.
Adriatic Metals (ASX:ADT, LSE:ADT1, OTCQX:ADMLF), a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia, announced on 18 February that non-executive director Peter Bilbe is selling 70,100 CHESS Depository Interests (foreign company ordinary share equivalents available on ASX) in the company. The transaction is worth A$161,583. The Vares Silver Project is fully funded to production, which is expected in Q2 2023. The 2021 Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR and a capex of US$168 million. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 41 km2 concession package.
AEX Gold Inc. (AIM: AEXG; TSXV: AEX), which engages in the acquisition, exploration and development of gold properties in Greenland, has announced that non-executive director David Neuhauser has acquired a total of 27,500 common shares of no par value in the company for an average price of C$0.53, through Livermore Partners LLC, of which he is managing director. The transaction brings Livermore Partners LLC’s total holding to 11,855,710 shares, 6.69% of the capital in the company. AEX has a portfolio of gold assets covering 4,090 km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. Its main asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation licence.
Tritax EuroBox (LSE: BOXE), a property investment fund focused on logistics and distribution centres across continental Europe, which is benefiting from a structural shift to online shopping, announced on 16 February that non-executive director Robert Orr has bought 48,000 ordinary shares at the price of 103.10p. The Tritax EuroBox fund portfolio value stands at €841.6m; sister fund Tritax BigBox, the UK’s number one investor in high-quality UK logistics assets, has a portfolio value of £4.4bn.
Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, announced on 15 February that executive chairman Andrew Austin has bought 150,000 ordinary shares of 10p each in the market at a price of £3.27 per share for the account of his self-invested personal pension scheme. The acquisition increase Austin’s beneficial interests in the capital of the company from 17.07% to 17.25%.
Oxford BioDynamics (LSE: OBD), a biotechnology company with a proprietary epigenetic biomarker discovery platform EpiSwitch, announced on 15 February that COO Thomas Guiel had bought 50,000 Ordinary Shares of 1 pence each at an average price of 27.9p per share, over three days. As a result of this transaction, Guiel now has a total of 50,000 shares, representing 0.05% of the company’s current issued share capital.
