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Director Deals: Revolution Beauty, PZ Cussons, Supply@Me

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We take a look at directors buying and selling shares in their own company in our weekly column.

  • CEO buys shares in Revolution Beauty
  • PZ Cussons board members buy shares
  • Supply@Me restructuring sees CEO acquire shares

Here’s why Director Dealings can play an important role in stock-picking

CEO buys shares in Revolution Beauty

Revolution Beauty [LON:REVB] CEO, Bob Holt has purchased 500,000 shares in the company at a price of 31.625p per share for a total consideration of £158,125. Shares were restored to trading on AIM last week following their suspension in September of last year following serious concerns raised by their auditor, BDO, which led to full year accounts for 2022 being delayed. The cosmetics firm has also been fighting a hostile takeover bid by major shareholder, Boohoo [LON:BOO] which threatens to lead to a further suspension of trading should the situation not be resolved by the deadline for the publication of 2023 full year accounts in August.

Since its readmission last week, shares are up 30% and trading at 31.85p today.


PZ Cussons board members buy shares

PZ Cussons [LON:PZC] CEO, Jonathan Myers has acquired, through his association with Charmian Myers, 61,050 shares in the business at a price of 163.791p per share for a total consideration of £99,994. In addition, Non Executive Director, Kirsty Bashforth has acquired 12,259 shares at a price of 163.136p per share for a total cost of £19,998. The healthcare and consumer goods business last week published a trading update noting a devaluation of the Naira as a result of moves by the Central Bank of Nigeria to liberalise the Nigerian foreign exchange regime amid economic reforms by the new government in Lagos. The move will have a “one-off impact to the Group’s near-term reported financial performance” but expectations are that “medium to long term prospects for our Nigerian business will be much improved by the economic reform.”

On a positive note, the update indicated that adjusted profit before tax for the year will be at least £70 million.

Shares were trading at 161p today, down  24% for the year to date and down 21% over the last 12 months.

Supply@Me restructuring sees CEO acquire shares

Supply@Me [LON:SYME] CEO Alessandro Zamboni is to aquire 1,026,525,520 shares in the business as part of a restructure through his wholly owned interest in The AvantGarde Group S.p.A. The restructuring relates to plans for SYME to reduce its 100% ownership of TradeFlow Capital Management to 19% by selling 81% of the issued capital to Tom James and John Collis, creating a distinct separation between SYME’s inventory monetisation fintech platform and TradeFlow’s regulated fund management business. An outstanding sum of £2,000,000 will be purchased by The AvantGarde Group in three tranches over the next six months. The restructuring is designed to better serve the needs of SYME’s client companies and funders of both businesses, and to create value for shareholders of the Company. You can find more details on the story here.

The Supply@Me share price is trading at 0.13p today, up 81% for the year to date and 81% over the last 12 months.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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