Braveheart chiefs lead the charge into shares

SEVERAL directors in Scottish group Braveheart Investment last week upped their stakes in the company.

The purchases came following a busy few weeks for the firm which have seen it conclude deals including an equity fundraising for therapeutic garment maker Squease through its Envestors service for early-stage businesses.

Non-executive director Jeremy Delmar-Morgan was the biggest purchaser, buying 50,000 shares at 14p each.

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Shares in the company have risen strongly in recent weeks but are still well down on levels seen a year ago.

n Andy Halford, chief financial officer of mobile phone giant Vodafone, has sold a significant part of his stake in the company. He sold a million shares at around 171p.

n Willem Mesdag, a non-executive director at private equity group 3i, has bought 100,000 shares at 175p each.

n Harry Tee, chairman of LED lighting specialist Dialight, has sold shares in the company. He disposed of 425,000 shares at 955p each. The company stressed that Tee remained a “significant shareholder”, with more than 3 per cent of the share capital. Tee said he has no intention of selling any more shares in the company in the near future.

n Graham Higgins, a non-executive director at learning management systems group NetDimensions, has bought 27,000 shares at 36.75p each. He now holds 109,500 shares.

n Robert Terry, chairman and chief executive of Quindell Portfolio, has purchased 125,000 shares at 6p each. He is now interested in just over 25 per cent of the company’s shares. Quindell owns companies that help insurers to process claims more effectively.

n Peter Levine, executive chairman of President Petroleum, has purchased 25,000 shares through a company at 27.5p. Levine now holds just under 29 per cent of the company.

n Anthony Glossop, a director of packaging group Robinson, and his wife have acquired 50,000 shares at 105p each. Glossop now holds 185,162 shares. Earlier this month the company reported that it continued to trade in line with management expectations.

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