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Director Dealings: Falanx Group, Kingswood Holdings and DeepMatter


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

Falanx Group (AIM: FLX), the pure-play cyber security business, on 10 February announced that CEO Mike Read bought 1,000,000 ordinary shares in the Company at 0.945p, while CFO Ian Selby bought 600,000 ordinary shares at 0.96p. Read and Selby took the opportunity of a dip in the FLX share price to build up their position in the company, having already bought more shares last month. As a result, Read and Selby are now interested in 17,258,187 and 3,859,894 ordinary shares in the Company respectively, representing 3.28% and 0.73% of the current issued share capital respectively.

Chairman Alex Hambro is surely right in describing Falanx as being “well positioned and financed to address the growing market opportunity created by constantly increasing risks in the digital world.” The directors are clearly optimistic about the future for Falanx in a high growth market where cyber security has risen to the top of corporate agendas.

Plus500 (LSE: PLUS), a global multi-asset fintech group operating a technology-based trading platform, has been buying back its shares on a daily basis, since announcing a share buyback programme on 29 October 2021. Over the past two months, the share price has gained more than 20%, making the share buyback increasingly expensive, but the bulk of the buyback occurred through a substantial dip in the share price that followed a plunge in value after 26 October 2021, from 1469p to 1255p on 2 December. Plus500 is currently trading at 1521p.

Kingswood Holdings (AIM: KWG), the fully integrated wealth and investment management group, announced that on 11 February 2022 KPI (Nominees) Limited purchased 160,192 ordinary shares of 5 pence each at an average price of 25 pence per ordinary share. Kingswood Group’s CEO Gary Wilder and Non-Executive Deputy Chairman Jonathan Massing each have a beneficial shareholding in KPI (Nominees) Limited. As a result of this transaction, KPI (Nominees) Limited has a total beneficial holding of 144,125,262 ordinary shares, representing approximately 66.44% of the Company’s issued share capital.

DeepMatter Group (LSE: DMTR) has been informed that Karen Bach, non-executive chair of the Company, bought 4,000,000 ordinary shares of 0.01 pence each in the Company at a price of 0.242 pence per ordinary share on 9 February 2022. The purchase gives Ms Bach an interest of 7,152,015 ordinary shares, representing 0.19% of the Company’s issued share capital.

Bryn Roberts, a non-executive director of the company, bought 3,500,000 ordinary shares of 0.01 pence each in the Company at a price of 0.2428 pence per ordinary share between 9 February and 11th February 2022. This gives Roberts an interest of 3,500,000 ordinary shares, representing 0.09% of the Company’s issued share capital.

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and other assets at various stages of development in the Kyrgyz Republic, has been informed that Labro Investments now has 306,962,131 ordinary shares in the Company, representing 44.51% of its issued share capital. Charaat’s chairman Martin Andersson holds the majority of shares in Labro Investments. The combined holding of Labro and Martin Andersson is now 313,931,723 ordinary shares representing 45.52% of the Company’s issued share capital.

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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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