Graphene chief Doel lifts stake after listing

The company has said it would use funds raised to ramp up production of graphene, which has potential applications across manufacturing and in areas such as offshore drilling.

Chief executive Jespal Doel, who joined from ­Platinum Nano­chem, said the proceeds of the placing would enable the company to capitalise on the ­significant demand for our speciality chemicals and the ­numerous opportunities for graphene enhanced products”.

He signalled his own confidence in the company’s prospects by buying 50,000 shares at 130p each. He now holds more than 1.2 million shares.

• Seamus Keating, a non-executive director of financial software group First Derivatives, has bought 8,643 shares at 575p each. It was his first purchase of shares in the company.

• Frank Martin, deputy chairman of model railway group Hornby, has sold 400,000 shares at an average price of 82p per share.

• Sir John Peace, chairman of information services group Experian, has sold 200,000 shares at 1,145.89p each.

• Paul Manduca, chairman of life assurance group Prudential, has bought 20,000 shares at 1,059.48p.

• Michael Tobin, chief executive of IT group Telecity, has bought 1,500 shares at 891.96p each. He now holds 664,081 shares in the ­company.

• Mike Goddard, chairman and founder of lettings group Belvoir, has sold 250,000 shares at 136p each.

The company said the move was to help satisfy significant institutional ­demand.

Following this disposal, Goddard holds 8.95 million shares, approximately 43 per cent of the company.

• Cheong Chia Chieh, managing director of Resource Holding Management, has bought 51,000 shares at 8p each.

He now has a total interest in 9.1 million shares.

• Lee Feldman, chairman at sports betting services group GVC Holdings, has bought 15,000 shares at 289p each.

Article source: http://www.scotsman.com/business/management/graphene-chief-doel-lifts-stake-after-listing-1-2881350

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