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Director Dealings: Aston Martin Lagonda, Shell, IQE

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In our new weekly series, James Norris looks at director’s buying and selling shares in their own company over the last week.

  • Aston Martin Lagonda non-exec buys 3,000 shares
  • Directors buying shares in Pantheon International
  • Shell CEO sold shares in early February
  • IQE CEO increases holding
  • CEO and CFO buy shares in Howden Joinery

Aston Martin Lagonda Global Holdings (LSE: AML) has announced that non-executive director Amedeo Felisa has bought 3,000 shares in the company at a price of £9.47, for a total of £28,410. Formerly CEO of Ferrari SpA, Felisa is non-executive director at Ferrari NV and chief executive of ATOP, an Italian electrical motors company. The price of AML shares has declined steadily since June 2021, when they a hit a 52-week peak of £22.62. They are currently trading at £9.64.

Directors at Pantheon International Partners (LSE: PIN) were busy buying shares in the company last week. Mary Anne Sieghart bought 10,000 at £2.69, for a total of £29,584; Susan Owen bought 9,300 shares at £2.93, for a total of £27,249; and David Melvin bought an aggregate volume of 5,000 for a total of £15,099. Pantheon International is a private equity investment trust managed by Pantheon, a global private equity, infrastructure & real assets and private debt investor, with $81.2bln in AUM. PIP has an actively managed ‘all weather’ portfolio, with a strong balance sheet and proven track record through multiple cycles. Shares are currently trading at £2.96, down from a 52-week peak of £3.53 on 4 January.

Over at Shell LON:SHEL, directors have bowed to government requests to sell their Russian assets, after Moscow’s decision to invade Ukraine. Shell has a 27.5% stake in the Sakhalin-2 offshore LNG project in the Russian Far East, among other assets. However, CEO Bernardus van Beurden seems to have anticipated the situation, as earlier this month (7 February) he sold 190,000 shares at £20.40, worth a total of £3,876,000. The Shell share price, unlike BP’s, has so far been largely unaffected by the crisis. At time of writing, it is on offer at £19.72, down from a peak of £20.61 on 7 February.

JTC LON:JTC, a global professional services business specialised in fund, corporate and private client services, has announced that Michael Halloran has sold 50,000 shares at an aggregate price of £7.76 per share, worth some £388,000. Halloran is Group Head of Technology Strategy and a Director on JTC’s Group Holdings Board. The transaction leaves Halloran with a beneficial interest in 1,708,370 ordinary shares, representing 1.157% of the issued share capital of the company. The transaction follows another he made on 8 February, when he sold 7,199 shares at £7.60, for almost £55,000. JTC shares are currently trading at £7.74, down from their 52-week peak of £9.45, reached after the share price tripled in value over four years.

IQE plc (AIM: IQE), a UK-based supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has announced that CEO Americo Lemos has bought 386,748 ordinary shares in the company, for an aggregated price of £148,664. IQE products have a range of applications, from handset devices and global telecoms infrastructure, to connected devices and 3D sensing. IQE has a strong intellectual property portfolio, including know-how and patents, and is well positioned in a sector with high barriers to entry.

Howden Joinery Group LON:HWDN, a London-based joinery company, has announced that on Monday CEO Andrew Livingston bought 11,505 shares at £8.21 per share, worth £94,502. On the same day, CFO Paul Hayes bought 7,000 shares at £8.07 per share, worth £56,490. The stock price is currently trading at £8.30, up 18% over 12 months.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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